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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1728 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. Provides that, if a casino-based electronic check acceptance service has taken part in a casino-based transaction involving a check that is dishonored, then a casino-based electronic check acceptance service may recover the amount of the check plus $25 from a person who writes a check for use in a casino-based transaction that is dishonored. Defines "casino-based electronic check acceptance service."
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| | A BILL FOR |
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| | HB1728 | | LRB097 06508 AEK 46592 b |
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| 1 | | AN ACT concerning business.
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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 Check Cashing Act is amended by changing |
| 5 | | Section 1 and
adding Section 3 as follows:
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| 6 | | (815 ILCS 315/1) (from Ch. 121 1/2, par. 1901)
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| 7 | | Sec. 1. Definitions. As used in this Act: ,
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| 8 | | "Merchant" means a person, firm,
association, partnership |
| 9 | | or corporation primarily engaged in the business
of selling |
| 10 | | tangible personal property at retail.
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| 11 | | "Casino-based electronic check acceptance service" means |
| 12 | | any
check-guarantee, check-acceptance, check-co-signing, or |
| 13 | | check-risk-management
service that is performed by a firm that |
| 14 | | is engaged in the financial service
industry or in any
branch |
| 15 | | of the
financial service industry, provided that the service is |
| 16 | | performed as part of a
transaction involving a check that takes |
| 17 | | place on a riverboat subject to the Riverboat Gambling Act, or |
| 18 | | in a facility associated with the riverboat located within |
| 19 | | 1,000 feet of the riverboat.
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| 20 | | (Source: P.A. 85-997.)
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| 21 | | (815 ILCS 315/3 new)
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| 22 | | Sec. 3. Casino-based electronic check acceptance services. |