92nd General Assembly
Status of HB3722
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 Full Text  Bill Summary

   205 ILCS 616/50                                                             

        Amends  the  Electronic  Fund  Transfer  Act.   Provides  that  a      
   surcharge for use of a terminal may not be imposed if the  transaction      
   does  not  affect  an  account  held by the consumer with the owner or      
   operator of the terminal and the transaction is  conducted  through  a      
   national   or  regional  electronic  banking  network.  Prohibits  the      
   imposition of fees upon a consumer for the use of a Link card or other      
   access device used to obtain benefits under the  Illinois  Public  Aid      
          FISCAL NOTE (Office of Banks and Real Estate)                        
          HB 3722 would not require any significant new resources or           
          additional headcount and would create no fiscal impact on            
          the Office of Banks and Real Estate (OBRE). The agency may           
          receive some additional complaints and be required to make           
          determinations on ATM ownership and whether or not a State           
          bank or thrift violated the law. In limited instances, OBRE          
          may conduct a visitation at a State bank and advise them that        
          they need to correct the problem, but general compliance is          
          anticipated among affected financial institutions.                   
   JAN-09-2002  H  FILED WITH CLERK                                               
   JAN-09-2002  H  FIRST READING                                                  
   JAN-09-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-23-2002  H       ASSIGNED TO COMMITTEE               CONSUMER PROT         
   FEB-05-2002  H                         FISCAL NOTE FILED                       
   FEB-05-2002  H                   COMMITTEE               CONSUMER PROT         
   FEB-22-2002  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary