Illinois General Assembly - Bill Status for HB4798

Amends the Transmitters of Money Act. Requires the Department of Financial Institutions to record all approved licenses, provide each licensee with a final order, and place it on the Department's webpage or make it available to consumers upon request. Requires each license to include the final order number, the full legal name of the licensee, the customer service number of the licensee, and the corporate officer or director bearing regulatory responsibility for the transmitter service. Requires all documentation submitted to the Department pursuant to this Section to be signed by the officer or director listed on the license and list the name of a person knowledgeable and responsible for the record submitted, and that person must certify that he or she has control of the record. In provisions pertaining to displaying a disclosure notice, provides that each authorized seller must provide consumers transacting business with a licensee under this Act with a copy of the disclosure notice. Requires that disclosure notice contain all rates and surcharges to be built into the bill payment service applicable to the consumer for use of the service. Effective immediately.

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