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90_SB0012
205 ILCS 605/6 new
Amends the Consumer Deposit Account Act. Limits
automatic teller machine fees to $0.25 per transaction.
LRB9000876JSgc
LRB9000876JSgc
1 AN ACT to amend the Consumer Deposit Account Act by
2 adding Section 6.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Consumer Deposit Account Act is amended
6 by adding Section 6 as follows:
7 (205 ILCS 605/6 new)
8 Sec. 6. Automatic teller machine fees. A financial
9 institution may not impose a fee in excess of $0.25 per
10 transaction with respect to a consumer deposit account
11 transaction utilizing an automatic teller machine.