SB 1198 Illinois Senate · 98th Regular Session

BANKING ACT-FINANCIAL DISCLOSE

Summary
Amends the Illinois Banking Act. Provides that a bank shall utilize a form, statement, or writing to obtain a customer's consent to disclose any financial records or information obtained from financial records relating to that customer to non-affiliated third persons or parties. Provides criteria for banks to meet regarding the form, statement, or writing to obtain a customer's consent to disclose financial information relating to the customer's financial records. Provides that a bank shall not discriminate against or deny an otherwise qualified customer a financial product or financial service because the customer has not provided the consent to authorize the bank to disclose or share financial records or financial information obtained from financial records relating to that customer with any non-affiliated third person. Provides that a bank shall not be liable for failing to offer products and services to a customer solely because (i) that customer has failed to provide consent and the bank could not offer the product or service without consent and (ii) the customer has failed to provide consent.
Bill status failed 1 of 4 stages cleared
Introduction
Jan 2013
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2013 Last action Jan 13, 2015
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
10
Key actions
0
Committee
3
Jan 13, 2015
Senate · Failed
Session Sine Die
Mar 22, 2013
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Feb 7, 2013
Senate · Referred to committee
Assigned to Financial Institutions
Jan 30, 2013
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Daniel Biss
Daniel Biss
DDemocratic
IL
9