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SB 2318

Illinois - Session 104

Senate enacted 2025-08-01
Bill Details

Title: MISLEADING PRACTICES PENALTY

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
Laura Ellman
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2025-02-07 Introduced Bill introduced
2025-08-01 Status enacted
2025-08-01 Latest Action 8/01/2025 - Senate: