Illinois General Assembly - Full Text of HB3668
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Full Text of HB3668  102nd General Assembly

HB3668 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3668

 

Introduced 2/22/2021, by Rep. Edgar Gonzalez, Jr.

 

SYNOPSIS AS INTRODUCED:
 
205 ILCS 5/45.2 new
205 ILCS 205/7009 new

    Amends the Illinois Banking Act and Savings Bank Act to provide that a bank or savings bank shall not charge overdraft fees on accounts during a public health emergency caused by the COVID-19 pandemic.


LRB102 14102 BMS 19454 b

 

 

A BILL FOR

 

HB3668LRB102 14102 BMS 19454 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Banking Act is amended by adding
5Section 45.2 as follows:
 
6    (205 ILCS 5/45.2 new)
7    Sec. 45.2. Overdraft fees during the COVID-19 pandemic. A
8bank shall not charge overdraft fees on accounts during a
9public health emergency caused by the COVID-19 pandemic.
 
10    Section 10. The Savings Bank Act is amended by adding
11Section 7009 as follows:
 
12    (205 ILCS 205/7009 new)
13    Sec. 7009. Overdraft fees during the COVID-19 pandemic. A
14savings bank shall not charge overdraft fees on deposit
15accounts during a public health emergency caused by the
16COVID-19 pandemic.