Bill Text: IL HB1019 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Credit Card Issuance Act. Makes a technical change in a Section concerning definitions.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB1019 Detail]

Download: Illinois-2011-HB1019-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB1019 Introduced 1/31/2011, by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
815 ILCS 140/1 from Ch. 17, par. 6001
Amends the Credit Card Issuance Act. Makes a technical change in a Section concerning definitions.
LRB097 03839 AEK 43877 b
A BILL FOR
HB1019 LRB097 03839 AEK 43877 b
AN ACT concerning business.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Credit Card Issuance Act is amended by
changing Section 1 as follows:
(815 ILCS 140/1) (from Ch. 17, par. 6001)
Sec. 1. As used in this Act: (a) "Credit card" has the the
meaning set forth in Section 2.03 of the Illinois Credit Card
and Debit Card Act, but does not include "debit card" as
defined in Section 2.15 of the Illinois Credit Card and Debit
Card Act, which can also be used to obtain money, goods,
services and anything else of value on credit, nor shall it
include any negotiable instrument as defined in the Uniform
Commercial Code, as now or hereafter amended; (b) "merchant
credit card agreement" means a written agreement between a
seller of goods, services or both, and the issuer of a credit
card to any other party, pursuant to which the seller is
obligated to accept credit cards; and (c) "credit card
transaction" means a purchase and sale of goods, services or
both, in which a seller, pursuant to a merchant credit card
agreement, is obligated to accept a credit card and does accept
the credit card in connection with such purchase and sale.
(Source: P.A. 86-427; 86-952.)