Illinois General Assembly - Bill Status for HB4689
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of HB4689  102nd General Assembly


Short Description:  BANKING&PROBATE-FINANCE/NOTICE

House Sponsors
Rep. Mark L. Walker and Katie Stuart

Senate Sponsors
(Sen. Meg Loughran Cappel)

Last Action
DateChamber Action
  3/25/2022SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
205 ILCS 5/32from Ch. 17, par. 339
205 ILCS 5/48.1from Ch. 17, par. 360
205 ILCS 705/10
755 ILCS 5/6-15from Ch. 110 1/2, par. 6-15


Synopsis As Introduced
Amends the Illinois Banking Act. In provisions concerning customer financial records and confidentiality, provides that the language does not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Makes other changes. Amends the Financial Institutions Electronic Documents and Digital Signatures Act. In provisions concerning electronic notices, provides that consent to electronic transactions given by the customer pursuant to the federal Electronic Signatures in Global and National Commerce Act shall satisfy applicable consent requirements. Amends the Probate Act of 1975. Provides that any person doing business or performing transactions on behalf of or at the direction of an executor or administrator with a will annexed shall be entitled to the presumption that the executor or administrator with the will annexed is lawfully authorized to conduct the business or perform the transaction without such person investigating the source of the authority and without verifying that the actions of the executor or administrator with the will annexed comply with a will or any order of the probate court, unless such person has actual knowledge to the contrary.

House Floor Amendment No. 1
Deletes reference to:
205 ILCS 5/32
Adds reference to:
205 ILCS 205/4013from Ch. 17, par. 7304-13
205 ILCS 305/10from Ch. 17, par. 4411

Replaces everything after the enacting clause with the provisions of the introduced bill with the following changes. Removes language concerning basic loaning limits. Amends the Savings Bank Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Illinois Credit Union Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a member.

Actions 
DateChamber Action
  1/20/2022HouseFiled with the Clerk by Rep. Mark L. Walker
  1/21/2022HouseFirst Reading
  1/21/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Financial Institutions Committee
  2/15/2022HouseDo Pass / Consent Calendar Financial Institutions Committee; 009-000-000
  2/16/2022HousePlaced on Calendar 2nd Reading - Consent Calendar
  2/17/2022HouseSecond Reading - Consent Calendar
  2/17/2022HouseHeld on Calendar Order of Second Reading - Consent Calendar
  2/17/2022HouseRemoved from Consent Calendar Status Rep. Mark L. Walker
  2/17/2022HouseHeld on Calendar Order of Second Reading - Short Debate
  2/23/2022HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
  2/23/2022HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  2/23/2022HousePlaced on Calendar Order of 3rd Reading - Short Debate
  2/23/2022HouseRecalled to Second Reading - Short Debate
  2/23/2022HouseHeld on Calendar Order of Second Reading - Short Debate
  2/24/2022HouseHouse Floor Amendment No. 1 Rules Refers to Financial Institutions Committee
  2/24/2022HouseHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions Committee; 009-000-000
  3/1/2022HouseAdded Co-Sponsor Rep. Katie Stuart
  3/1/2022HouseHouse Floor Amendment No. 1 Adopted
  3/1/2022HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/2/2022HouseThird Reading - Short Debate - Passed 113-000-000
  3/4/2022SenateArrive in Senate
  3/4/2022SenatePlaced on Calendar Order of First Reading
  3/4/2022SenateChief Senate Sponsor Sen. Meg Loughran Cappel
  3/4/2022SenateFirst Reading
  3/4/2022SenateReferred to Assignments
  3/16/2022SenateAssigned to Judiciary
  3/24/2022SenatePostponed - Judiciary
  3/25/2022SenateRule 3-9(a) / Re-referred to Assignments

Back To Top