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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB1628 Introduced 2/1/2023, by Rep. Anne Stava-Murray SYNOPSIS AS INTRODUCED: |
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Amends the Landlord and Tenant Act. Provides that a landlord shall not require a tenant or prospective tenant to remit any amount due to the landlord under a residential lease, renewal, or extension agreement by means of an electronic funds transfer, including, but not limited to, an electronic funds transfer system that automatically transfers funds on a regular, periodic, and recurring basis. Provides that, beginning 90 days after the effective date of the amendatory Act, a violation is an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Applies to leases or agreements executed after the effective date of the amendatory Act.
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| | A BILL FOR |
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| | HB1628 | | 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: |
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 |