IL HB5508 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Currency Exchange Act. Provides that a currency exchange is not prohibited from accepting any check without regard to the date imprinted on the check, as long as the check is immediately cashed, deposited, and processed in the ordinary course of business. Further provides that a community or ambulatory currency exchange is permitted to place self-service automated terminals on its premises, engage in and charge a fee for the transmission of information upon the request of a consumer, advertise and distribute materials concerning legal services and products on its premises, and provide access to third-party travel reservation and ticketing services. Makes changes to provisions concerning community currency exchanges and the Secretary of Financial and Professional Regulation's authority to fine a licensee or suspend or revoke licenses under the Act. Makes other changes.
Title
CURRENCY EXCHANGE ACT
Sponsors
| Rep. Robert Rita [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-12-03 | House | Session Sine Die |
| 2014-03-28 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2014-03-03 | House | Assigned to Consumer Protection Committee |
| 2014-02-13 | House | Referred to Rules Committee |
| 2014-02-13 | House | First Reading |
| 2014-02-13 | House | Filed with the Clerk by Rep. Robert Rita |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 405 | 10 | Amended Code | Citation Text |
| 205 | 405 | 11 | Amended Code | Citation Text |
| 205 | 405 | 15 | Amended Code | Citation Text |
| 205 | 405 | 18 | Amended Code | Citation Text |
| 205 | 405 | 3 | Amended Code | Citation Text |
| 205 | 405 | 3.3 | Amended Code | Citation Text |
| 205 | 405 | 4.1 | Amended Code | Citation Text |
| 205 | 405 | 5 | Amended Code | Citation Text |
| 205 | 405 | 8 | Amended Code | Citation Text |
| 205 | 405 | 9 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5508&GAID=12&DocTypeID=HB&SessionID=85&GA=98 |
| Text | https://www.ilga.gov/legislation/98/HB/09800HB5508.htm |
