Illinois General Assembly - Bill Status for SB1671

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Bill Status of SB1671 95th General Assembly

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Short Description: BASIC CHECKING-REQ BANK SERV

Senate Sponsors
Sen. Jacqueline Y. Collins

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

205 ILCS 605/4.1 new

Synopsis As Introduced
Amends the Consumer Deposit Account Act. Requires financial institutions with assets of more than $100,000,000 to extend basic checking services to under-served and low-income residents for direct deposit with the institution by third parties with no service charges, minimum balance, or minimum deposit requirements. Allows institutions to charge for stop payment orders and to deny no cost services to persons who have had a checking account closed, within 3 years, by an institution for insufficient funds. Effective immediately.

Actions

Date	Chamber	Action
2/9/2007	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins
2/9/2007	Senate	First Reading
2/9/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Financial Institutions
3/8/2007	Senate	Postponed - Financial Institutions
3/16/2007	Senate	Rule 3-9(a) / Re-referred to Rules
1/13/2009	Senate	Session Sine Die

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