Bill Status of SB 1671   95th General Assembly


Short Description:  BASIC CHECKING-REQ BANK SERV

Senate Sponsors
Sen. Jacqueline Y. Collins

Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 605/4.1 new

Synopsis As Introduced
Amends the Consumer Deposit Account Act. Requires financial institutions with assets of more than $100,000,000 to extend basic checking services to under-served and low-income residents for direct deposit with the institution by third parties with no service charges, minimum balance, or minimum deposit requirements. Allows institutions to charge for stop payment orders and to deny no cost services to persons who have had a checking account closed, within 3 years, by an institution for insufficient funds. Effective immediately.

Actions 
DateChamber Action
  2/9/2007SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/9/2007SenateFirst Reading
  2/9/2007SenateReferred to Rules
  2/21/2007SenateAssigned to Financial Institutions
  3/8/2007SenatePostponed - Financial Institutions
  3/16/2007SenateRule 3-9(a) / Re-referred to Rules
  1/13/2009SenateSession Sine Die

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