Bill Text: IL SB0824 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Electronic Fund Transfer Act. Makes a technical change in a Section relating to access to terminals.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB0824 Detail]

Download: Illinois-2017-SB0824-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB0824 Introduced 2/1/2017, by Sen. Napoleon Harris, III SYNOPSIS AS INTRODUCED:
205 ILCS 616/45
Amends the Electronic Fund Transfer Act. Makes a technical change in a Section relating to access to terminals.
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A BILL FOR
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AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Electronic Fund Transfer Act is amended by
changing Section 45 as follows:
(205 ILCS 616/45)
Sec. 45. Nondiscriminatory access.
(a) Subject to the the provisions of Section 35 of this
Act, use of a terminal through access to a switch and use of
any switch shall be available on a nondiscriminatory basis to
any switch or financial institution that has its principal
place of business within this State. The terms and conditions
of use shall be governed by a written agreement between the
network and the financial institution or other switch obtaining
the use. The written agreement shall specify all of the terms
and conditions under which the network may be utilized,
including commercially reasonable fees and charges.
(b) The use and operation of each terminal served by a
switch shall be governed by a written agreement between the
network and the person establishing the terminal. The written
agreement shall specify all the terms and conditions under
which the network provides service to the terminal, including
commercially reasonable fees and charges.

SB0824 - 2 - LRB100 09696 SMS 19865 b
(c) (Blank).
(Source: P.A. 92-811, eff. 8-21-02.)