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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB4922 Introduced , by Rep. Theresa Mah SYNOPSIS AS INTRODUCED:
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Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it is an unlawful practice to offer to consumers at retail a rebate made on a stored-value card that charges dormancy fees or other post-issuance fees. Defines terms.
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| | A BILL FOR |
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| | HB4922 | | LRB100 20504 JLS 35874 b |
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| 1 | | AN ACT concerning business.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Consumer Fraud and Deceptive Business |
| 5 | | Practices Act is amended by changing Section 2LLL as follows:
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| 6 | | (815 ILCS 505/2LLL) |
| 7 | | Sec. 2LLL. Retail rebates. |
| 8 | | (a) In this Section, "stored-value card" means a card, |
| 9 | | code, or other device that is issued on a prepaid basis |
| 10 | | primarily for personal, family, or household purposes to a |
| 11 | | consumer in a specified amount, whether or not that amount may |
| 12 | | be increased or reloaded, and is redeemable upon presentation |
| 13 | | at multiple unaffiliated merchants for goods or services or |
| 14 | | usable at automated teller machines. |
| 15 | | (b) Any person who offers a rebate to consumers at retail |
| 16 | | on any merchandise must conspicuously display and clearly |
| 17 | | disclose to the consumer the type of rebate being offered, |
| 18 | | whether additional fees may apply on the rebate offered, and |
| 19 | | the form of remittance that will be provided to the consumer. |
| 20 | | (c) It is an unlawful practice within the meaning of this |
| 21 | | Act for any person to offer to consumers at retail a rebate |
| 22 | | when the rebate is made on a stored-value card that charges |
| 23 | | dormancy fees or other post-issuance fees. |