093_HB0181
LRB093 02389 LRD 02397 b
1 AN ACT in relation to check cashing services.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Check Cashing Act is amended by changing
5 Section 1 and adding Section 3 as follows:
6 (815 ILCS 315/1) (from Ch. 121 1/2, par. 1901)
7 Sec. 1. Definitions. As used in this Act:,
8 "Merchant" means a person, firm, association, partnership
9 or corporation primarily engaged in the business of selling
10 tangible personal property at retail.
11 "Casino-based electronic check acceptance service" means
12 any check-guarantee, check-acceptance, check-co-signing, or
13 check-risk-management service that is performed by a firm
14 that is engaged in the financial service industry or in any
15 branch of the financial service industry, provided that the
16 service is performed as part of a transaction involving a
17 check that takes place on a riverboat licensed under the
18 Riverboat Gambling Act or on the dock of such a riverboat.
19 (Source: P.A. 85-997.)
20 (815 ILCS 315/3 new)
21 Sec. 3. Casino-based electronic check acceptance
22 services. Notwithstanding any provision of this Act to the
23 contrary, if a casino-based electronic check acceptance
24 service has taken part in a casino-based transaction
25 involving a check that is dishonored, the casino-based
26 electronic check acceptance service may recover from the
27 person who wrote the check an amount equal to the amount of
28 actual damages plus a fee equal to (1) 20% of the face value
29 of the check or (2) $5, whichever is greater. Notwithstanding
30 any law to the contrary, a casino-based electronic check
-2- LRB093 02389 LRD 02397 b
1 acceptance service may not recover treble damages from a
2 person who writes a check for use in a casino-based
3 transaction that is dishonored.
4 Section 99. Effective date. This Act takes effect upon
5 becoming law.