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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB4662
Introduced , by Rep. Rosemary Mulligan SYNOPSIS AS INTRODUCED:
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815 ILCS 315/1 |
from Ch. 121 1/2, par. 1901 |
815 ILCS 315/3 new |
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Amends the Check Cashing Act. Limits the amount of the penalty that a
casino-based electronic check cashing service may recover from a person who
writes a check that is dishonored.
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A BILL FOR
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HB4662 |
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LRB095 17128 AMC 43182 b |
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| AN ACT concerning gaming.
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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 Check Cashing Act is amended by changing |
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| Section 1 and
adding Section 3 as follows:
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| (815 ILCS 315/1) (from Ch. 121 1/2, par. 1901)
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| Sec. 1. Definitions. As used in this Act: ,
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| "Merchant" means a person, firm,
association, partnership |
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| or corporation primarily engaged in the business
of selling |
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| tangible personal property at retail.
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| "Casino-based electronic check acceptance service" means |
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| any
check-guarantee, check-acceptance, check-co-signing, or |
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| check-risk-management
service that is performed by a firm that |
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| is engaged in the financial service
industry or in any
branch |
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| of the
financial service industry, provided that the service is |
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| performed as part of a
transaction involving a check that takes |
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| place on a riverboat subject to the Riverboat Gambling Act, or |
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| within 1,000 feet of any such riverboat.
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| (Source: P.A. 85-997.)
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| (815 ILCS 315/3 new)
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| Sec. 3. Casino-based electronic check acceptance services. |
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| Notwithstanding any provision of this Act to the contrary, if a |