IL HB1783 | 2017-2018 | 100th General Assembly
Discussing IL HB1783 | 2017-2018 | 100th General Assembly
Bill Title: Amends the Electronic Fund Transfer Act. Requires a person who establishes or owns specified cash-dispensing terminals to post a telephone number on the terminal for consumers to call to report problems, along with the telephone number of the Department of Financial and Professional Regulation (rather than file notices of establishment or ownership with the Secretary of Financial and Professional Regulation). Repeals the Check Printer and Check Number Act and makes a conforming change in the Division of Banking Act. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Passed) 2017-06-30 - Public Act . . . . . . . . . 100-0005 [HB1783 Detail]
Text: Latest bill text (Chaptered) [HTML]
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1) Provisions: Amends the Electronic Fund Transfer Act • A person who establishes or owns cash-dispensing terminals must post a phone number on the terminal for consumers to call. • Phone number of Department of Financial and Professional Regulation must also be posted • Repeals Check Printer and Check Number Act 2) Background • Passed Consumer Protection Committee hearing, up for 3rd reading – short debate. • 2 proponents o Meghan Grandstaff o Robert Dixon from the Illinois Department of Financial and Professional Regulation 3) Panel Comments • Panel is in favor of this bill. Thinks it is not necessary to repeal the Check Printer and Check Number Act.