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90_HB2267
815 ILCS 150/3 from Ch. 17, par. 6203
Amends the Unsolicited Credit Card Act of 1977. Provides
that no financial institution or other person or corporation
shall issue any person a credit card in which 2 or more
persons are joint holders of the credit card account unless
the request or application is made jointly by all joint
holders of the account. Effective immediately.
LRB9004776LDdv
LRB9004776LDdv
1 AN ACT to amend the Unsolicited Credit Card Act of 1977
2 by changing Section 3.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Unsolicited Credit Card Act of 1977 is
6 amended by changing Section 3 as follows:
7 (815 ILCS 150/3) (from Ch. 17, par. 6203)
8 Sec. 3. (a) No financial institution or other person or
9 corporation doing business in this State shall issue any
10 person a credit card, regardless of whether such credit card
11 is to be used for personal, family, household, agricultural,
12 business or commercial purposes, except (1) in response to a
13 request or application therefor; or (2) as a renewal of, or
14 in substitution for, an accepted credit card whether such
15 card is issued by the same or a successor card issuer.
16 (b) No financial institution or other person or
17 corporation doing business in this State shall issue any
18 person a credit card in which 2 or more persons are joint
19 holders of the credit card account unless the issuance is in
20 response to a request or application made jointly by all of
21 the joint holders of the account.
22 (Source: P.A. 80-531.)
23 Section 99. Effective date. This Act takes effect upon
24 becoming law.