Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

810 ILCS 5/4-402

from Ch. 26, par. 4-402

Synopsis As Introduced
Amends the Uniform Commercial Code. Provides that a payor bank may not impose a charge or fee more than once for each check returned due to insufficiency of available funds. Provides that a payor bank may impose a charge or fee only once per day regardless of the number of transactions resulting in insufficiency of available funds. Provides that a payor bank must process checks drawn against an account in a manner that is based upon debiting the smallest checks first each day. Provides that a bank wrongfully dishonors an item if it dishonors a check solely because it did not process checks in this manner.

Actions 

Date	Chamber	Action
2/5/2004	House	Filed with the Clerk by Rep. Karen May
2/5/2004	House	First Reading
2/5/2004	House	Referred to Rules Committee
1/11/2005	House	Session Sine Die

Back To Top