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
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1 | AN ACT concerning civil law.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Landlord and Tenant Act is amended by | ||||||
5 | adding Section 4 as follows:
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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 |
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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.
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