House Sponsors: BUGIELSKI-CAPPARELLI-ZICKUS-JONES,LOU-SCHAKOWSKY, CURRY,JULIE, SCOTT, RONEN, FEIGENHOLTZ, CURRIE, MCKEON, LYONS,JOSEPH, GIGLIO, SLONE, STROGER, MURPHY, SCULLY, BRADY, DURKIN, MCAULIFFE, PHELPS, LANG, SCHOENBERG, WOOD, SANTIAGO AND ACEVEDO. Senate Sponsors: GEO-KARIS-CARROLL Short description: ELEC FUND TRANSFR-CREDIT CARDS Synopsis of Bill as introduced: Amends the Electronic Fund Transfer Act. Requires that terminals display a notice of charges and a notice reminding users to take their receipt and to protect their personal identification number; requires that receipts given at terminals partially obscure the user's account number that is printed on the receipt. Amends the Illinois Credit Card and Debit Card Act. With respect to certain offenses (including: making a false written statement for the purpose of procuring a card; receiving another person's card with intent to use it without the cardholder's consent; and other offenses), increases the penalty from a Class A or B misdemeanor to a Class 4 felony. When a greater penalty is provided for an offense (for example, for committing, within a 12-month period, an offense with respect to 3 or more cards each issued to different cardholders other than the offender), increases the greater penalty from a Class A misdemeanor or Class 4 felony to a Class 3 felony. HOUSE AMENDMENT NO. 1. Adds reference to: 205 ILCS 616/52 new Replaces amendatory changes to the Electronic Fund Transfer Act. Provides that no person operating a terminal shall impose a surcharge on a consumer for the use of that terminal unless the surcharge is disclosed to the consumer. Provides for inclusion of a number or code to identify the consumer on a receipt given at a terminal. Requires encrypting of access code entered by a consumer. Requires persons other than financial institutions that own a terminal to file certain financial and other information with the Commissioner of Banks and Real Estate. FISCAL NOTE, AMENDED (Dept. of Corrections) The fiscal impact for HB 271 is $14,594,800 CORRECTIONAL NOTE, AMENDED No change from DOC fiscal note. JUDICIAL NOTE, H-AM 1 HB271 will not increase the need for the number of judges in the State. STATE DEBT IMPACT, H-am 1 HB 271, as introduced would not impact the level of State debtedness. House Amendment 1, would not change the impact. HOUSE AMENDMENT NO. 2. Adds reference to: 205 ILCS 616/52 new Replaces provisions concerning terminal owners other than financial institutions with similar provisions except as follows: (1) also applies to a person other than an affiliate of a financial institution; (2) deletes requirement for filing statements of financial condition; (3) authorizes assessment of expenses against the person owning the terminal; (4) requires payment of moneys received into the Bank and Trust Company Fund and payment of expenses from that fund; and (5) gives the Commissioner of Banks and Real Estate certain powers granted under the Illinois Banking Act. FISCAL NOTE, H-AM 2 (Dpt. Financial Institutions) There would be no fiscal impact on this Department. STATE MANDATES FISCAL NOTE, H-AM 1 In the opinion of DCCA, HB271, with H-am 1, fails to create a State mandate. HOUSE AMENDMENT NO. 3. Deletes reference to: 205 ILCS 616/52 new Adds reference to: 205 ILCS 616/30 Amends the Electronic Fund Transfer Act. Replaces provisions concerning terminal owners other than financial institutions. Authorizes a person other than a financial institution or affiliate of a financial institution to establish or own a cash-dispensing terminal at which an interchange transaction may be performed, provided that the terminal does not accept deposits of funds to an account. Requires that a statement of establishment or ownership be filed with the Commissioner of Banks and Real Estate. Provides for civil penalties for failure to comply. Requires a network operating in this State to maintain a directory of cash-dispensing terminal locations and to file the directory with the Commissioner. Last action on Bill: PUBLIC ACT.............................. 90-0189 Last action date: 97-07-24 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 3 SENATE - 0 END OF INQUIRY Full Text Bill Status