Bill Status of HB 1891   97th General Assembly


Short Description:  BANKING ACT-FINANCIAL DISCLOSE

House Sponsors
Rep. Daniel Biss

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/48.1from Ch. 17, par. 360

Synopsis As Introduced
Amends the Illinois Banking Act. Provides that a bank shall utilize a form, statement, or writing to obtain a customer's consent to disclose any financial records or information obtained from financial records relating to that customer to non-affiliated third persons or parties. Provides criteria for banks to meet regarding the form, statement, or writing to obtain a customer's consent to disclose financial information relating to the customer's financial records. Provides that a bank shall not discriminate against or deny an otherwise qualified customer a financial product or financial service because the customer has not provided the consent to authorize the bank to disclose or share financial records or financial information obtained from financial records relating to that customer with any non-affiliated third person. Provides that a bank shall not be liable for failing to offer products and services to a customer solely because (i) that customer has failed to provide consent and the bank could not offer the product or service without consent and (ii) the customer has failed to provide consent.

Actions 
DateChamber Action
  2/16/2011HouseFiled with the Clerk by Rep. Daniel Biss
  2/16/2011HouseFirst Reading
  2/16/2011HouseReferred to Rules Committee
  2/22/2011HouseAssigned to Consumer Protection Committee
  3/8/2011HouseMotion Do Pass - Lost Consumer Protection Committee; 007-009-001
  3/8/2011HouseRemains in Consumer Protection Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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