HB5284 99TH GENERAL ASSEMBLY

LRB099 17404 SMS 41762 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB5284

Introduced , by Rep. Michael J. Madigan

SYNOPSIS AS INTRODUCED:

205 ILCS 690/10

Amends the Check Printer and Check Number Act. Makes a technical change in a Section concerning the identification and numbering of checks.

A BILL FOR

AN ACT concerning regulation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Check Printer and Check Number Act is amended by changing Section 10 as follows:

(205 ILCS 690/10)

Sec. 10. Identification and numbering of consumer - deposit account. For all consumer-deposit accounts opened after January 1, 1993, all new checks, drafts, or orders designed to be drawn on financial institution accounts shall clearly display on the the face of each check, draft, or order a number. Each check, draft, or similar order shall be numbered consecutively. This Section shall not apply to temporary checks, drafts, or orders of withdrawal provided by financial institutions upon the opening of a consumer deposit account.

No liability or penalty shall be imposed on any financial institution or person for an unintentional failure to comply with this Act.

(Source: P.A. 98-950, eff. 8-15-14.)