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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016 HB5284 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED: | | |
Amends the Check Printer and Check Number Act. Makes a technical change in a
Section concerning the identification and numbering of checks.
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| | A BILL FOR |
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| | HB5284 | | LRB099 17404 SMS 41762 b |
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1 | | AN ACT concerning regulation.
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2 | | Be it enacted by the People of the State of Illinois, |
3 | | represented in the General Assembly:
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4 | | Section 5. The Check Printer and Check Number Act is |
5 | | amended by changing Section 10 as follows:
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6 | | (205 ILCS 690/10)
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7 | | Sec. 10. Identification and numbering of consumer - deposit |
8 | | account. For all
consumer-deposit accounts opened after |
9 | | January 1, 1993, all new checks,
drafts, or orders designed to |
10 | | be drawn on financial institution accounts shall
clearly |
11 | | display on the
the face of each check, draft, or order a |
12 | | number. Each check, draft, or similar order shall be numbered |
13 | | consecutively. This Section shall not apply to temporary |
14 | | checks,
drafts, or orders of withdrawal provided by financial |
15 | | institutions upon the
opening of a consumer deposit account. |
16 | | No liability or penalty shall be imposed on any financial |
17 | | institution or
person for an unintentional failure to comply |
18 | | with this Act.
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19 | | (Source: P.A. 98-950, eff. 8-15-14.)
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