Bill Text: IL HB1628 | 2023-2024 | 103rd General Assembly | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Landlord and Tenant Act. Provides that a landlord shall not require a tenant or prospective tenant to remit any amount due to the landlord under a residential lease, renewal, or extension agreement by means of an electronic funds transfer, including, but not limited to, an electronic funds transfer system that automatically transfers funds on a regular, periodic, and recurring basis. Provides that, beginning 90 days after the effective date of the amendatory Act, a violation is an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Applies to leases or agreements executed after the effective date of the amendatory Act.
Spectrum: Partisan Bill (Democrat 21-0)
Status: (Passed) 2023-06-30 - Public Act . . . . . . . . . 103-0132 [HB1628 Detail]
Download: Illinois-2023-HB1628-Engrossed.html
Bill Title: Amends the Landlord and Tenant Act. Provides that a landlord shall not require a tenant or prospective tenant to remit any amount due to the landlord under a residential lease, renewal, or extension agreement by means of an electronic funds transfer, including, but not limited to, an electronic funds transfer system that automatically transfers funds on a regular, periodic, and recurring basis. Provides that, beginning 90 days after the effective date of the amendatory Act, a violation is an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Applies to leases or agreements executed after the effective date of the amendatory Act.
Spectrum: Partisan Bill (Democrat 21-0)
Status: (Passed) 2023-06-30 - Public Act . . . . . . . . . 103-0132 [HB1628 Detail]
Download: Illinois-2023-HB1628-Engrossed.html
| |||||||
| |||||||
| |||||||
| 1 | AN ACT concerning civil law.
| ||||||
| 2 | Be it enacted by the People of the State of Illinois,
| ||||||
| 3 | represented in the General Assembly:
| ||||||
| 4 | Section 5. The Landlord and Tenant Act is amended by | ||||||
| 5 | adding Section 4 as follows:
| ||||||
| 6 | (765 ILCS 705/4 new) | ||||||
| 7 | Sec. 4. Payment by electronic funds transfer. | ||||||
| 8 | (a) As used in this Section, "electronic funds transfer" | ||||||
| 9 | means a transfer of funds, other than a transaction originated | ||||||
| 10 | by check, draft, or similar paper instrument, that is | ||||||
| 11 | initiated through an electronic terminal, telephone, computer, | ||||||
| 12 | or magnetic tape for the purpose of ordering, instructing, or | ||||||
| 13 | authorizing a financial institution to debit or credit a | ||||||
| 14 | consumer's account, including, but not limited to, through the | ||||||
| 15 | use of an automated clearing house system. | ||||||
| 16 | (b) A landlord shall not require a tenant or prospective | ||||||
| 17 | tenant to remit any amount due to the landlord under a | ||||||
| 18 | residential lease, renewal, or extension agreement by means of | ||||||
| 19 | an electronic funds transfer, including, but not limited to, | ||||||
| 20 | an electronic funds transfer system that automatically | ||||||
| 21 | transfers funds on a regular, periodic, and recurring basis. | ||||||
| 22 | (c) Beginning 90 days after the effective date of this | ||||||
| 23 | amendatory Act of the 103rd General Assembly, a landlord who | ||||||
| |||||||
| |||||||
| 1 | violates this Section is guilty of an unlawful practice under | ||||||
| 2 | the Consumer Fraud and Deceptive Business Practices Act. | ||||||
| 3 | (d) This Section applies to leases or agreements executed | ||||||
| 4 | after the effective date of this amendatory Act of the 103rd | ||||||
| 5 | General Assembly.
| ||||||
