093_HB1611ham001











                                     LRB093 04229 JLS 13488 a

 1                    AMENDMENT TO HOUSE BILL 1611

 2        AMENDMENT NO.     .  Amend House Bill 1611  by  replacing
 3    the title with the following:

 4        "AN ACT relating to currency exchanges."; and

 5    by  replacing  everything  after the enacting clause with the
 6    following:

 7        "Section 5.  The Currency  Exchange  Act  is  amended  by
 8    adding Section 8.5 as follows:

 9        (205 ILCS 405/8.5 new)
10        Sec.  8.5.  Replacement of lost money orders. A community
11    currency exchange or ambulatory currency exchange shall issue
12    a replacement money order for a  non-negotiated  money  order
13    that  has been lost, destroyed, or defaced within 15 business
14    days after being furnished with:
15             (1)  proof of  identification  of  the  claimant  (a
16        government  issued  identification  card shall constitute
17        sufficient proof of identification);
18             (2)  proof of ownership (a  receipt  issued  by  the
19        currency  exchange or an entry in the currency exchange's
20        records  along  with  proof   of   identification   shall
21        constitute sufficient proof of ownership); and
 
                            -2-      LRB093 04229 JLS 13488 a
 1             (3)  payment  of  the  amount  to  be charged to the
 2        currency exchange in connection with a stop payment order
 3        with respect to the lost,  destroyed,  or  defaced  money
 4        order.".