State of Illinois
92nd General Assembly
Legislation

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92_SB2188

 
                                               LRB9211251JSpc

 1        AN ACT concerning the Office of Banks and Real Estate.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Office of Banks and Real  Estate  Act  is
 5    amended by adding Section 5.5 as follows:

 6        (20 ILCS 3205/5.5 new)
 7        Sec.  5.5.  Payment by credit card or third-party payment
 8    agent.
 9        (a)  For the purposes of this Section, the  term  "credit
10    card"  has  the  meaning  given  in  Section  10 of the Local
11    Governmental Acceptance of Credit Cards Act.
12        (b)  The Office may, but  need  not,  accept  payment  by
13    credit  card  for  any  fee, fine, or other charge that it is
14    authorized by law to collect.  The Office may adopt rules and
15    procedures governing the acceptance of payment by credit card
16    and may enter into such agreements as  may  be  necessary  to
17    accept payment by credit card.
18        (c)  The  Office  may  enter  into agreements with one or
19    more financial institutions,  internet  companies,  or  other
20    business  entities  to  act as third-party payment agents for
21    the payment of fees, fines, or other charges to  the  Office.
22    These  agreements may authorize the third-party payment agent
23    to retain a service fee out of the payments collected.
24        The Office may, but need not, accept  payment  through  a
25    third-party  payment  agent of any fee, fine, or other charge
26    that it is authorized by law  to  collect.   The  Office  may
27    adopt  rules  and  procedures  governing  the  acceptance  of
28    payments through third-party payment agents.
29        (d)  Receipt  by the Office of the amount of a fee, fine,
30    or other charge paid by credit card or through a  third-party
31    payment  agent  authorized  by the Office, less the amount of
 
                            -2-                LRB9211251JSpc
 1    any service fee retained under the  Office's  agreement  with
 2    the  credit  card  service  provider  or  third-party payment
 3    agent, shall be deemed receipt of the full amount of the  fee
 4    or other charge and shall discharge the payment obligation in
 5    full.
 6        (e)  In  the event of a conflict between this Section and
 7    a provision of any other Act administered by the Office, this
 8    Section controls.

 9        Section 99. Effective date.  This Act takes  effect  upon
10    becoming law.

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