RAUSCHENBERGER. (CHURCHILL-WOOD-HUGHES-ERWIN-GASH) 205 ILCS 690/1 205 ILCS 690/5 205 ILCS 690/15 new 205 ILCS 690/20 new 205 ILCS 690/25 new 205 ILCS 690/30 new 205 ILCS 690/35 new 205 ILCS 690/36 new 205 ILCS 690/37 new 205 ILCS 690/38 new 205 ILCS 690/39 new Amends the Check Number Act. Changes the short title to the Check Printer and Check Number Act. Provides that persons not affiliated with a financial institution and engaged in the business of printing checks must register with the Commissioner of Banks and Real Estate. Requires these check printers to verify the name, address, telephone number, and social security number of check purchasers and to refuse to distribute ordered checks if the information cannot be verified. Requires these check printers to post a bond. Creates a civil cause of action for persons damaged by a check printer's failure to verify. Authorizes minimum damages of $1,000 plus attorneys' fees. Provides that making a false statement on the registration form is a Class 3 felony. Effective immediately. SENATE AMENDMENT NO. 1. Adds reference to: 205 ILCS 690/21 new Amends the Check Number Act. Expands the definition of "financial institution" to include credit unions and entities of which at least 50% is owned by a financial institution. Authorizes the Commissioner to impose and collect fees. FISCAL NOTE, S-AM 1 (Office of Banks & Real Estate) The number of entities which would need to register under SB406 is not known, but if one assumes that 200 check printers would be registered, OBRE estimates start-up costs of about $25,000, plus annual expenditures of $10,000 to contact regis- trants, maintain files, print forms, issue certificates and monitor compliance with bonding requirements. The bill autho- rizes the Commissioner to impose and collect fees for the ad- ministration of the Act. 97-02-05 S FIRST READING 97-02-05 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-06 S ASSIGNED TO COMMITTEE FIN INST 97-02-28 S POSTPONED 97-03-06 S AMENDMENT NO. 01-FINANC. INST. S 97-03-06 S ADOPTED 97-03-06 S DO PASS AS AMENDED 008-000-000 SFIC 97-03-06 S PLACED ON CALENDAR ORDER OF 2ND READING 97-03-11 97-03-18 S SECOND READING 97-03-18 S PLACED ON CALENDAR ORDER OF 3RD READING 97-03-19 97-03-19 S THIRD READING - PASSED 056-000-000 97-03-19 H ARRIVE IN HOUSE 97-03-19 H PLACED CALENDAR ORDER OF FIRST READING 97-03-25 H HOUSE SPONSOR CHURCHILL 97-04-08 H FIRST READING 97-04-08 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-04-09 H ASSIGNED TO COMMITTEE FIN INSTIT 97-04-22 H ADDED AS A JOINT SPONSOR WOOD 97-04-25 H ADDED AS A JOINT SPONSOR HUGHES 97-04-30 H DO PASS/SHORT DEBATE 022-000-001 HFIN 97-04-30 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-04-30 H ADDED AS A JOINT SPONSOR ERWIN 97-05-01 H FISCAL NOTE REQUESTED DEERING 97-05-01 H STATE MANDATES FISCAL NOTE REQUESTED DEERING 97-05-01 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-07 H FISCAL NOTE FILED AS AMEND. BY SA 1 97-05-07 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-12 H STATE MANDATES FISCAL NOTE REQST-WITHDRN DEERING 97-05-12 H SECOND READING-SHORT DEBATE 97-05-12 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-05-13 H THIRD READING/SHORT DEBATE/PASSED 116-001-000 97-05-13 S PASSED BOTH HOUSES 97-05-13 H ADDED AS A JOINT SPONSOR GASH 97-06-11 S SENT TO THE GOVERNOR 97-07-23 S GOVERNOR APPROVED 97-07-23 S EFFECTIVE DATE 97-07-23 97-07-23 S PUBLIC ACT.............................. 90-0184 END OF INQUIRY Full Text Bill Summary