SB 28 Illinois Senate · 95th Regular Session

ATM OVERDRAFT-FULL DISCLOSURE

Summary
Creates the Automated Teller Machine Overdraft Disclosure Act. Requires operators of automated teller machines to provide customers with a full and complete disclosure of overdraft fees and penalties if the customer completes a transaction that causes the associated account to be overdrawn. Makes a violation of the Automated Teller Machine Overdraft Disclosure Act an unlawful practice within the meaning of the Consumer Fraud and Deceptive Business Practices Act. Provides that the Department of Financial and Professional Regulation may adopt any rules that it deems necessary to implement the Act. Amends the Consumer Fraud and Deceptive Business Practices Act to include a violation of the Automated Teller Machine Overdraft Disclosure Act as a violation of the Consumer Fraud and Deceptive Business Practices Act.
Bill status failed 1 of 4 stages cleared
Introduction
Jan 2007
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2007 Last action Jan 13, 2009
Floor votes

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Full legislative history

Actions timeline

Total actions
8
Key actions
0
Committee
3
Mar 16, 2007
Committee
Rule 3-9(a) / Re-referred to Rules
upper
Feb 7, 2007
Committee
Assigned to Financial Institutions
upper
Jan 31, 2007
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.