Senate Sponsors: MUNOZ-WELCH. House Sponsors: ACEVEDO-FRITCHEY-MENDOZA Short description: DEBIT CARD LIABILITY ACT Synopsis of Bill as introduced: Creates the Debit Card Liability Act. Provides that a debit cardholder is not liable for more than $50 in unauthorized charges on a debit card unless the debit cardholder fails to report an unauthorized use that appears on a periodic statement within 60 days after the issuer has transmitted the statement to the cardholder. SENATE AMENDMENT NO. 1. Deletes reference to: New Act Adds reference to: 815 ILCS 145/Act title 815 ILCS 145/0.01 from Ch. 17, par. 6100 815 ILCS 145/1 from Ch. 17, par. 6101 815 ILCS 145/2 from Ch. 17, par. 6102 Replaces the title and everything after the enacting clause. Amends the Credit Card Liability Act. Changes the title of the Act. Includes debit cards within the scope of the Act and provides that liability for unsolicited, lost, or stolen debit cards is limited in the same manner as for credit cards. SENATE AMENDMENT NO. 2. Makes a technical correction. HOUSE AMENDMENT NO. 1. Deletes reference to: 815 ILCS 145/2 Adds reference to: 815 ILCS 145/3 new Deletes provisions limiting liability for unauthorized charges on debit cards in the same manner as for credit cards. Provides that liability for unauthorized use of a debit card shall be limited in the manner provided by the Board of Governors of the Federal Reserve System. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 2 END OF INQUIRY Full Text Bill Status