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HB 3553

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: April 11, 2025.

MISLEADING PRACTICES PENALTY.

Bill ID IL-104-HB-3553
Session 104
Status in_committee
Committee Financial Institutions and Licensing Committee
House of Representatives in_committee 2025-04-11
Summary

Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.

Sponsor
Margaret Croke
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-18 Introduced Bill introduced
2025-04-11 Status in_committee
2025-04-11 Latest Action 4/11/2025 - House:
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