Bill Status of SB 3549   103rd General Assembly

Short Description:  BUSINESS-CREDIT ACCOUNT REPORT

Senate Sponsors
Sen. Elgie R. Sims, Jr.

Last Action  View All Actions

DateChamber Action
  1/7/2025SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/48.7 new
205 ILCS 205/4013.5 new
205 ILCS 305/50.5 new

Synopsis As Introduced
Amends the Illinois Banking Act, the Savings Bank Act, and the Illinois Credit Union Act. Provides that if a credit card issuer is a party to a private label credit program and closes a customer's credit card due to inactivity, then the financial institution, saving bank, or credit union shall notify the customer and the credit reporting agencies in writing of the closure due to inactivity.

Actions 
DateChamber Action
  2/9/2024SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.
  2/9/2024SenateFirst Reading
  2/9/2024SenateReferred to Assignments
  2/20/2024SenateAssigned to Financial Institutions
  3/6/2024SenatePostponed - Financial Institutions
  3/13/2024SenatePostponed - Financial Institutions
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments
  1/7/2025SenateSession Sine Die

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