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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB2060
Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Susana A Mendoza SYNOPSIS AS INTRODUCED:
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815 ILCS 145/2 |
from Ch. 17, par. 6102 |
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Amends the Credit Card Liability Act. Makes a technical change in a Section
concerning unsolicited credit cards.
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A BILL FOR
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HB2060 |
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LRB094 02762 RXD 32763 b |
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| AN ACT concerning business.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Credit Card Liability Act is amended by |
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| changing Section 2 as follows:
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| (815 ILCS 145/2) (from Ch. 17, par. 6102)
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| Sec. 2. (a) Notwithstanding that
that a person in whose |
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| name a credit card has
been issued has requested or applied for |
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| such card or has indicated his
acceptance of an unsolicited |
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| credit card, as provided in Section 1
hereof, such person shall |
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| not be liable to the issuer unless the card
issuer has given |
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| notice to such person of his potential liability, on
the card |
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| or within two years preceding such use, and has provided such
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| person with an addressed notification requiring no postage to |
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| be paid by
such person which may be mailed in the event of the |
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| loss, theft, or
possible unauthorized use of the credit card, |
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| and such person shall not
be liable for any amount in excess of |
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| the applicable amount hereinafter
set forth, resulting from |
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| unauthorized use of that card prior to
notification to the card |
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| issuer of the loss, theft, or possible
unauthorized use of that |
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| card: |
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| Card without a signature panel.........................$25.00
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| Card with a signature panel............................$50.00
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| After the holder of the credit card gives notice to the |
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| issuer that a
credit card is lost or stolen he is not liable |
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| for any amount resulting
from unauthorized use of the card.
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| (b) When an action is brought by an issuer against the |
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| person named
on a card, issuance of which has been requested, |
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| applied for, solicited
or accepted and defendant puts in issue |
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| any transaction arising from the
use of such card, the burden |
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| of proving benefit, authorization, use or
permission by |
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| defendant as to such transaction shall be upon plaintiff.
In |
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