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| | HB1628 Engrossed | | LRB103 26210 LNS 52569 b |
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| 1 | | AN ACT concerning civil law.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Landlord and Tenant Act is amended by |
| 5 | | adding Section 4 as follows:
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| 6 | | (765 ILCS 705/4 new) |
| 7 | | Sec. 4. Payment by electronic funds transfer. |
| 8 | | (a) As used in this Section, "electronic funds transfer" |
| 9 | | means a transfer of funds, other than a transaction originated |
| 10 | | by check, draft, or similar paper instrument, that is |
| 11 | | initiated through an electronic terminal, telephone, computer, |
| 12 | | or magnetic tape for the purpose of ordering, instructing, or |
| 13 | | authorizing a financial institution to debit or credit a |
| 14 | | consumer's account, including, but not limited to, through the |
| 15 | | use of an automated clearing house system. |
| 16 | | (b) A landlord shall not require a tenant or prospective |
| 17 | | tenant to remit any amount due to the landlord under a |
| 18 | | residential lease, renewal, or extension agreement by means of |
| 19 | | an electronic funds transfer, including, but not limited to, |
| 20 | | an electronic funds transfer system that automatically |
| 21 | | transfers funds on a regular, periodic, and recurring basis. |
| 22 | | (c) Beginning 90 days after the effective date of this |
| 23 | | amendatory Act of the 103rd General Assembly, a landlord who |