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90_HB0271ham002
LRB9000621DJmbam02
1 AMENDMENT TO HOUSE BILL 271
2 AMENDMENT NO. . Amend House Bill 271, AS AMENDED, by
3 replacing Sec. 52 in Section 5 with the following:
4 "(205 ILCS 616/52 new)
5 Sec. 52. Terminal owners other than financial
6 institutions. If a person other than a financial institution
7 or other than an affiliate of a financial institution owns,
8 in whole or in part, any terminal within the State of
9 Illinois at which an interchange transaction may be
10 performed, then that person shall file with the Commissioner,
11 on forms prescribed by the Commissioner, within 60 days after
12 the later of (i) the effective date of this amendatory Act of
13 1997 or (ii) the establishment of a terminal at which an
14 interchange transaction may be performed, the following: (1)
15 the location of each such terminal and (2) the financial
16 institution sponsoring each such terminal into any network or
17 networks. The forms shall be filed with the Commissioner
18 with current information not less frequently than once per
19 calendar year. The Commissioner or examiners appointed by
20 the Commissioner have the authority to examine any person
21 subject to this Section. The expenses of administering this
22 Section and of any such examination shall be assessed against
23 and borne by the person owning the terminal or being
-2- LRB9000621DJmbam02
1 examined. All moneys received by the Commissioner under this
2 Act shall be paid into, and all expenses incurred by the
3 Commissioner under this Act shall be paid from, the Bank and
4 Trust Company Fund. The Commissioner, in administering this
5 Section, shall have all of the powers enumerated in Section
6 48 of the Illinois Banking Act.".