Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

815 ILCS 505/2XX new

Synopsis As Introduced
Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that, in any transaction in which an individual authorizes a person or entity to make a debit from his or her bank account for the purpose of placing a hold on the account to ensure payment for future services, the person or entity must provide the individual with a written statement that includes a reasonable price quote for the transaction. Prohibits the person or entity from debiting the individual's bank account in amount greater than the price quoted on the written statement unless, at the time services are complete, the amount actually incurred by the individual exceeds the amount of the quoted price. Provides that the requirements do not apply to credit card transactions. Makes violation of the provisions an unlawful practice under the Act.

Actions 

Date	Chamber	Action
1/20/2006	Senate	Filed with Secretary by Sen. Peter J. Roskam
1/20/2006	Senate	Chief Co-Sponsor Sen. Dave Syverson
1/20/2006	Senate	First Reading
1/20/2006	Senate	Referred to Rules
1/31/2006	Senate	Added as Co-Sponsor Sen. Pamela J. Althoff
2/1/2006	Senate	Assigned to Financial Institutions
2/7/2006	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2/9/2006	Senate	Postponed - Financial Institutions
2/16/2006	Senate	Postponed - Financial Institutions
2/17/2006	Senate	Rule 3-9(a) / Re-referred to Rules
1/9/2007	Senate	Session Sine Die

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