Rep. Anne Stava-Murray

Filed: 2/28/2022

 

 


 

 


 
10200HB4786ham001LRB102 23082 LNS 36978 a

1
AMENDMENT TO HOUSE BILL 4786

2    AMENDMENT NO. ______. Amend House Bill 4786 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Landlord and Tenant Act is amended by
5adding Section 4 as follows:
 
6    (765 ILCS 705/4 new)
7    Sec. 4. Payment by electronic funds transfer.
8    (a) As used in this Section, "electronic funds transfer"
9means a transfer of funds, other than a transaction originated
10by check, draft, or similar paper instrument, that is
11initiated through an electronic terminal, telephone, computer,
12or magnetic tape for the purpose of ordering, instructing, or
13authorizing a financial institution to debit or credit a
14consumer's account, including, but not limited to, through the
15use of an automated clearing house system.
16    (b) A landlord shall not require a tenant or prospective

 

 

10200HB4786ham001- 2 -LRB102 23082 LNS 36978 a

1tenant to remit any amount due to the landlord under a
2residential lease, renewal, or extension agreement by means of
3an electronic funds transfer, including, but not limited to,
4an electronic funds transfer system that automatically
5transfers funds on a regular, periodic, and recurring basis.
6    (c) Beginning 90 days after the effective date of this
7amendatory Act of the 102nd General Assembly, a landlord who
8violates this Section is guilty of an unlawful practice under
9the Consumer Fraud and Deceptive Business Practices Act.
10    (d) This Section applies to leases or agreements executed
11after the effective date of this amendatory Act of the 102nd
12General Assembly.".