BUGIELSKI-CAPPARELLI-MEYER-MULLIGAN-HULTGREN, BURKE, ACEVEDO, BRADLEY, JONES,LOU, JONES,SHIRLEY, LOPEZ, SAVIANO, DAVIS,MONIQUE, LANG AND RUTHERFORD. (O'MALLEY) 205 ILCS 5/48.1 from Ch. 17, par. 360 205 ILCS 105/3-8 from Ch. 17, par. 3303-8 205 ILCS 205/4013 from Ch. 17, par. 7304-13 205 ILCS 305/10 from Ch. 17, par. 4411 765 ILCS 1005/5 new Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, and the Illinois Credit Union Act to authorize disclosure of customer financial information to third parties if the financial institution believes that the customer is an elderly or disabled person who may be a victim of financial exploitation or other crime. Provides immunity to financial institutions for disclosure and for failure to disclose. Amends the Joint Tenancy Act to provide for the creation of convenience accounts in the name of the depositor, who is the account owner, and another person to whom the account may also be paid. Provides that there is no right of survivorship solely by reason of an account being designated a convenience account. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes reference to: 765 ILCS 1005/5 new Adds reference to: 205 ILCS 5/48.6 new 205 ILCS 105/1-10.14 from Ch. 17, par. 3301-10.14 205 ILCS 105/1-10.21 from Ch. 17, par. 3301-10.21 205 ILCS 205/1007.90 from Ch. 17, par. 7301-7.90 205 ILCS 205/1007.105 from Ch. 17, par. 7301-7.105 205 ILCS 305/15 from Ch. 17, par. 4416 205 ILCS 305/20 from Ch. 17, par. 4421 205 ILCS 305/22 from Ch. 17, par. 4423 205 ILCS 305/31 from Ch. 17, par. 4432 205 ILCS 305/32 from Ch. 17, par. 4433 205 ILCS 305/33 from Ch. 17, par. 4434 205 ILCS 305/35 from Ch. 17, par. 4436 205 ILCS 305/52 from Ch. 17, par. 4453 Replaces the contents of the bill with similar provisions. Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, and the Illinois Credit Union Act to authorize disclosure of customer financial information to third parties if the financial institution believes that the customer is an elderly or disabled person who may be a victim of financial exploitation or other crime. Provides that financial institutions are immune from civil or criminal liability with respect to the disclosure of financial information concerning elderly or disabled persons. Authorizes disclosure to the Department of Human Services Office of Inspector General. Amends the Illinois Banking Act. Provides that the Commissioner of Banks and Real Estate shall issue rules prescribing the period of time for which banks must retain records. Provides that banks may destroy the records upon the expiration of the prescribed time period. Provides immunity from liability for destruction of records in accordance with the rules of the Commissioner. Amends the Illinois Savings and Loan Act of 1985. Includes a limited liability company within the scope of the term "person" and provides that service corporations may be organized as limited liability companies. Amends the Savings Bank Act. Includes limited liability companies within the scope of the term "person" and provides that service corporations may be organized as limited liability companies. Amends the Illinois Credit Union Act. Allows a credit union to expel a member who has been verbally abusive toward credit union employees. Provides that the board of directors of a credit union may, but is not required to, appoint a credit committee consisting of members of the credit union. Provides that a credit manager may act in place of the credit committee. Effective immediately. HOUSE AMENDMENT NO. 2. Deletes authorization for disclosure of financial information to persons other than the Department on Aging and its regional administrative and provider agencies, the Department of Human Services Office of Inspector General, and public guardians. Provides that the disclosing financial institution shall have the same rights and protections as a person furnishing information under the Elder Abuse and Neglect Act and the Illinois Domestic Violence Act of 1986 rather than immunity from civil and criminal liability and licensing disciplinary action. GOVERNOR'S AMENDATORY VETO MESSAGE Recommends the deletion of provisions that would allow credit unions to expel members or deny services to members who engage in repeated verbally or physically abusive behavior toward credit union officials, staff, agents, or volunteers. 00-01-25 H FILED WITH CLERK 00-01-25 H ADDED AS A JOINT SPONSOR BUGIELSKI 00-01-25 H ADDED AS A JOINT SPONSOR BURKE 00-01-25 H ADDED AS A JOINT SPONSOR HULTGREN 00-01-25 H ADDED AS A CO-SPONSOR ACEVEDO 00-01-25 H ADDED AS A CO-SPONSOR BRADLEY 00-01-25 H ADDED AS A CO-SPONSOR JONES,LOU 00-01-25 H ADDED AS A CO-SPONSOR JONES,SHIRLEY 00-01-25 H ADDED AS A CO-SPONSOR LOPEZ 00-01-25 H ADDED AS A CO-SPONSOR MCAULIFFE 00-01-25 H ADDED AS A CO-SPONSOR SAVIANO 00-01-25 H FIRST READING 00-01-25 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-01-27 H ASSIGNED TO COMMITTEE FIN INSTIT 00-02-08 H PRIMARY SPONSOR CHANGED TO BUGIELSKI 00-02-08 H JOINT-SPONSOR CHANGED TO CAPPARELLI 00-02-08 H JOINT-SPONSOR CHANGED TO MULLIGAN 00-02-08 H ADDED AS A CO-SPONSOR BURKE 00-02-15 H AMENDMENT NO. 01-FIN INSTIT H 00-02-15 H ADOPTED 00-02-15 H DO PASS AMENDED/SHORT DEBATE 014-000-000 HFIN 00-02-15 H PLACED CALENDAR 2ND READING-SHORT DEBATE 00-02-16 H SECOND READING-SHORT DEBATE 00-02-16 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 00-02-16 H JOINT-SPONSOR CHANGED TO MEYER 00-02-16 H ADDED AS A CO-SPONSOR MYERS,RICHARD 00-02-16 H ADDED AS A CO-SPONSOR DAVIS,MONIQUE 00-02-22 H FISCAL NOTE REQUESTED AS AMENDED TENHOUSE 00-02-22 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 00-02-23 H ADDED AS A CO-SPONSOR LANG 00-02-24 H AMENDMENT NO. 02-BUGIELSKI 00-02-24 H AMENDMENT REFERRED TO HRUL 00-02-24 H FISCAL NOTE REQUEST-WITHDRAWN TENHOUSE 00-02-24 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 00-02-25 H AMENDMENT NO. 02-BUGIELSKI 00-02-25 H RECOMMENDS BE ADOPTED HRUL/005-000-000 00-02-25 H AMENDMENT NO. 02-BUGIELSKI 00-02-25 H ADOPTED 00-02-25 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 00-02-29 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 00-02-29 H ADDED AS A CO-SPONSOR RUTHERFORD 00-03-01 S ARRIVE IN SENATE 00-03-01 S PLACED CALENDAR ORDER OF FIRST READING 00-03-07 00-03-01 S CHIEF SPONSOR O'MALLEY 00-03-01 S FIRST READING 00-03-01 S REFERRED TO SENATE RULES COMMITTEE RULES 00-03-23 S ASSIGNED TO COMMITTEE FIN INST 00-03-30 S DO PASS 007-000-000 SFIC 00-03-30 S PLACED ON CALENDAR ORDER OF 2ND READING 00-03-31 00-03-31 S SECOND READING 00-03-31 S PLACED ON CALENDAR ORDER OF 3RD READING 00-04-04 00-04-06 S THIRD READING - PASSED 058-000-000 00-04-06 H PASSED BOTH HOUSES 00-05-05 H SENT TO THE GOVERNOR 00-06-30 H GOVERNOR AMENDATORY VETO 00-06-30 H PLACED CALENDAR AMENDATORY VETO NOVEMBER 14, 2000 00-11-13 H MOTION FILED ACCEPT AMENDATORY VETO BUGIELSKI 00-11-13 H MOTION REFERRED TO HRUL 00-11-13 H PLACED CALENDAR AMENDATORY VETO 00-11-14 H APPROVED FOR CONSIDERATION - COMPLIANCE HRUL/004-000-000 00-11-14 H 3/5 VOTE REQUIRED 00-11-14 H ACCEPT AMENDATORY VETO - HOUSE PASSED 112-000-002 00-11-28 S PLACED CALENDAR AMENDATORY VETO NOVEMBER 29, 2000 00-11-29 S MOTION FILED ACCEPT AMENDATORY VETO O'MALLEY 00-11-29 S ACCEPT AMENDATORY VETO - SENATE PASSED 058-000-000 00-11-29 H BOTH HOUSES ACCEPT AMENDATORY VETO 00-12-11 H RETURNED TO GOVERNOR FOR CERTIFICATION 00-12-15 H GOVERNOR CERTIFIES CHANGES 00-12-15 H EFFECTIVE DATE 00-12-15 00-12-15 H PUBLIC ACT.............................. 91-0929 END OF INQUIRY Full Text Bill Summary