House Sponsors: ERWIN-HUGHES-LOPEZ-GASH-BLACK. Senate Sponsors: RAUSCHENBERGER-PARKER-OBAMA Short description: CHECK PRINTER REGULATION Synopsis of Bill as introduced: Amends the Check Number Act. Changes the short title to the Check Printer and Check Number Act. Provides that persons not affiliated with a financial institution and engaged in the business of printing checks must register with the Commissioner of Banks and Real Estate. Requires these check printers to verify the name, address, telephone number, and social security number of check purchasers and to refuse to distribute ordered checks if the information cannot be verified. Requires these check printers to post a bond. Creates a civil cause of action for persons damaged by a check printer's failure to verify. Authorizes minimum damages of $1,000 plus attorneys' fees. Provides that making a false statement on the registration form is a Class 3 felony. Effective immediately. FISCAL NOTE (Dpt. of Financial Institutions) HB 1113 would have no fiscal impact on the Dept. FISCAL NOTE (Office of Banks and Real Estate) The number of entities which would need to register is unknown, but if 200 check printers registered, OBRE estimates start-up costs of about $25,000, plus annual expenditures of $10,000. There is no provision for registration fees or some other way to recover costs. CORRECTIONAL NOTE HB1113 will have minimal fiscal and prison population impact. HOUSE AMENDMENT NO. 1. Adds reference to: 205 ILCS 690/40 new Replaces the title and everything after the enacting clause. Provides that a person other than a financial institution, person filling check orders on behalf or a financial institution, or person filling check orders under an existing contract must register with the Commissioner of Banks and Real Estate. Requires registered check printers to post a bond. Requires check printers to obtain documentation from a person ordering checks verifying the accuracy of the information relating to that person's name, address, and account number. Authorizes a civil cause of action for persons injured by a failure to verify the accuracy of information. Provides that making false statements on a registration form constitutes a Class 3 felony. HOUSE AMENDMENT NO. 2. Adds reference to: 205 ILCS 690/22 new Includes credit unions within the definition of the term "financial institution". Imposes a $50 annual registration fee to be deposited into the Bank and Trust Company Fund. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0 END OF INQUIRY Full Text Bill Status