Bill Text: IL HB4922 | 2017-2018 | 100th General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it is an unlawful practice to offer to consumers at retail a rebate made on a stored-value card that charges dormancy fees or other post-issuance fees. Defines terms.
Spectrum: Partisan Bill (Democrat 45-2)
Status: (Failed) 2018-11-28 - Total Veto Stands - No Positive Action Taken [HB4922 Detail]
Download: Illinois-2017-HB4922-Introduced.html
Bill Title: Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it is an unlawful practice to offer to consumers at retail a rebate made on a stored-value card that charges dormancy fees or other post-issuance fees. Defines terms.
Spectrum: Partisan Bill (Democrat 45-2)
Status: (Failed) 2018-11-28 - Total Veto Stands - No Positive Action Taken [HB4922 Detail]
Download: Illinois-2017-HB4922-Introduced.html
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1 | AN ACT concerning business.
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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 Consumer Fraud and Deceptive Business | |||||||||||||||||||
5 | Practices Act is amended by changing Section 2LLL as follows:
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6 | (815 ILCS 505/2LLL) | |||||||||||||||||||
7 | Sec. 2LLL. Retail rebates. | |||||||||||||||||||
8 | (a) In this Section, "stored-value card" means a card, | |||||||||||||||||||
9 | code, or other device that is issued on a prepaid basis | |||||||||||||||||||
10 | primarily for personal, family, or household purposes to a | |||||||||||||||||||
11 | consumer in a specified amount, whether or not that amount may | |||||||||||||||||||
12 | be increased or reloaded, and is redeemable upon presentation | |||||||||||||||||||
13 | at multiple unaffiliated merchants for goods or services or | |||||||||||||||||||
14 | usable at automated teller machines. | |||||||||||||||||||
15 | (b) Any person who offers a rebate to consumers at retail | |||||||||||||||||||
16 | on any merchandise must conspicuously display and clearly | |||||||||||||||||||
17 | disclose to the consumer the type of rebate being offered, | |||||||||||||||||||
18 | whether additional fees may apply on the rebate offered, and | |||||||||||||||||||
19 | the form of remittance that will be provided to the consumer. | |||||||||||||||||||
20 | (c) It is an unlawful practice within the meaning of this | |||||||||||||||||||
21 | Act for any person to offer to consumers at retail a rebate | |||||||||||||||||||
22 | when the rebate is made on a stored-value card that charges | |||||||||||||||||||
23 | dormancy fees or other post-issuance fees. |
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1 | (d) Any person who violates this Section commits an | ||||||
2 | unlawful practice within the meaning of this Act.
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3 | (Source: P.A. 97-308, eff. 1-1-12.)
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