BUSINESS-CREDIT ACCOUNT REPORT
Summary
Amends the Illinois Banking Act, the Savings Bank Act, and the Illinois Credit Union Act. Provides that if a credit card issuer is a party to a private label credit program and closes a customer's credit card due to inactivity, then the financial institution, saving bank, or credit union shall notify the customer and the credit reporting agencies in writing of the closure due to inactivity.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2024
Last action Mar 15, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
3
Mar 15, 2024
Committee
Rule 3-9(a) / Re-referred to Assignments
lower
Feb 20, 2024
Committee
Assigned to Financial Institutions
lower
Feb 9, 2024
Committee
Referred to Assignments
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Elgie Sims
DDemocratic
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