Illinois 2023-2024 Regular Session

Illinois Senate Bill SB1992 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1992 Introduced 2/9/2023, by Sen. Meg Loughran Cappel SYNOPSIS AS INTRODUCED: 205 ILCS 5/48.1 from Ch. 17, par. 360 205 ILCS 205/4013 from Ch. 17, par. 7304-13 205 ILCS 305/10 from Ch. 17, par. 4411 205 ILCS 625/4 from Ch. 17, par. 2134 205 ILCS 705/10 755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15 Amends the Illinois Banking Act. In provisions concerning customer financial records and confidentiality, provides that the language does not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Savings Bank Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Illinois Credit Union Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a member. Amends the Illinois Trust and Payable on Death Accounts Act. Provides that any holder of an account may elect a per stirpes distribution option to the descendants of a natural person beneficiary if the beneficiary predeceases the last surviving holder of the account. Makes other changes. Amends the Financial Institutions Electronic Documents and Digital Signature Act. In provisions concerning electronic notices, provides that consent to electronic transactions given by the customer pursuant to the federal Electronic Signatures in Global and National Commerce Act shall satisfy applicable consent requirements. Amends the Probate Act of 1975. Provides that any person doing business or performing transactions on behalf of or at the direction of an executor or administrator with a will annexed shall be entitled to the presumption that the executor or administrator with the will annexed is lawfully authorized to conduct the business or perform the transaction without such person investigating the source of the authority and without verifying that the actions of the executor or administrator with the will annexed comply with a will or any order of the probate court, unless such person has actual knowledge to the contrary. LRB103 25123 BMS 51460 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1992 Introduced 2/9/2023, by Sen. Meg Loughran Cappel SYNOPSIS AS INTRODUCED: 205 ILCS 5/48.1 from Ch. 17, par. 360 205 ILCS 205/4013 from Ch. 17, par. 7304-13 205 ILCS 305/10 from Ch. 17, par. 4411 205 ILCS 625/4 from Ch. 17, par. 2134 205 ILCS 705/10 755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15 205 ILCS 5/48.1 from Ch. 17, par. 360 205 ILCS 205/4013 from Ch. 17, par. 7304-13 205 ILCS 305/10 from Ch. 17, par. 4411 205 ILCS 625/4 from Ch. 17, par. 2134 205 ILCS 705/10 755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15 Amends the Illinois Banking Act. In provisions concerning customer financial records and confidentiality, provides that the language does not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Savings Bank Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Illinois Credit Union Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a member. Amends the Illinois Trust and Payable on Death Accounts Act. Provides that any holder of an account may elect a per stirpes distribution option to the descendants of a natural person beneficiary if the beneficiary predeceases the last surviving holder of the account. Makes other changes. Amends the Financial Institutions Electronic Documents and Digital Signature Act. In provisions concerning electronic notices, provides that consent to electronic transactions given by the customer pursuant to the federal Electronic Signatures in Global and National Commerce Act shall satisfy applicable consent requirements. Amends the Probate Act of 1975. Provides that any person doing business or performing transactions on behalf of or at the direction of an executor or administrator with a will annexed shall be entitled to the presumption that the executor or administrator with the will annexed is lawfully authorized to conduct the business or perform the transaction without such person investigating the source of the authority and without verifying that the actions of the executor or administrator with the will annexed comply with a will or any order of the probate court, unless such person has actual knowledge to the contrary. LRB103 25123 BMS 51460 b LRB103 25123 BMS 51460 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1992 Introduced 2/9/2023, by Sen. Meg Loughran Cappel SYNOPSIS AS INTRODUCED:
3	3	205 ILCS 5/48.1 from Ch. 17, par. 360 205 ILCS 205/4013 from Ch. 17, par. 7304-13 205 ILCS 305/10 from Ch. 17, par. 4411 205 ILCS 625/4 from Ch. 17, par. 2134 205 ILCS 705/10 755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15 205 ILCS 5/48.1 from Ch. 17, par. 360 205 ILCS 205/4013 from Ch. 17, par. 7304-13 205 ILCS 305/10 from Ch. 17, par. 4411 205 ILCS 625/4 from Ch. 17, par. 2134 205 ILCS 705/10 755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15
4	4	205 ILCS 5/48.1 from Ch. 17, par. 360
5	5	205 ILCS 205/4013 from Ch. 17, par. 7304-13
6	6	205 ILCS 305/10 from Ch. 17, par. 4411
7	7	205 ILCS 625/4 from Ch. 17, par. 2134
8	8	205 ILCS 705/10
9	9	755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15
10	10	Amends the Illinois Banking Act. In provisions concerning customer financial records and confidentiality, provides that the language does not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Savings Bank Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Illinois Credit Union Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a member. Amends the Illinois Trust and Payable on Death Accounts Act. Provides that any holder of an account may elect a per stirpes distribution option to the descendants of a natural person beneficiary if the beneficiary predeceases the last surviving holder of the account. Makes other changes. Amends the Financial Institutions Electronic Documents and Digital Signature Act. In provisions concerning electronic notices, provides that consent to electronic transactions given by the customer pursuant to the federal Electronic Signatures in Global and National Commerce Act shall satisfy applicable consent requirements. Amends the Probate Act of 1975. Provides that any person doing business or performing transactions on behalf of or at the direction of an executor or administrator with a will annexed shall be entitled to the presumption that the executor or administrator with the will annexed is lawfully authorized to conduct the business or perform the transaction without such person investigating the source of the authority and without verifying that the actions of the executor or administrator with the will annexed comply with a will or any order of the probate court, unless such person has actual knowledge to the contrary.
11	11	LRB103 25123 BMS 51460 b LRB103 25123 BMS 51460 b
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13	13	A BILL FOR
14	14	SB1992LRB103 25123 BMS 51460 b SB1992 LRB103 25123 BMS 51460 b
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16	16	1 AN ACT concerning finances.
17	17	2 Be it enacted by the People of the State of Illinois,
18	18	3 represented in the General Assembly:
19	19	4 Section 5. The Illinois Banking Act is amended by changing
20	20	5 Section 48.1 as follows:
21	21	6 (205 ILCS 5/48.1) (from Ch. 17, par. 360)
22	22	7 Sec. 48.1. Customer financial records; confidentiality.
23	23	8 (a) For the purpose of this Section, the term "financial
24	24	9 records" means any original, any copy, or any summary of:
25	25	10 (1) a document granting signature authority over a
26	26	11 deposit or account;
27	27	12 (2) a statement, ledger card or other record on any
28	28	13 deposit or account, which shows each transaction in or
29	29	14 with respect to that account;
30	30	15 (3) a check, draft or money order drawn on a bank or
31	31	16 issued and payable by a bank; or
32	32	17 (4) any other item containing information pertaining
33	33	18 to any relationship established in the ordinary course of
34	34	19 a bank's business between a bank and its customer,
35	35	20 including financial statements or other financial
36	36	21 information provided by the customer.
37	37	22 (b) This Section does not prohibit:
38	38	23 (1) The preparation, examination, handling or
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42	42	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB1992 Introduced 2/9/2023, by Sen. Meg Loughran Cappel SYNOPSIS AS INTRODUCED:
43	43	205 ILCS 5/48.1 from Ch. 17, par. 360 205 ILCS 205/4013 from Ch. 17, par. 7304-13 205 ILCS 305/10 from Ch. 17, par. 4411 205 ILCS 625/4 from Ch. 17, par. 2134 205 ILCS 705/10 755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15 205 ILCS 5/48.1 from Ch. 17, par. 360 205 ILCS 205/4013 from Ch. 17, par. 7304-13 205 ILCS 305/10 from Ch. 17, par. 4411 205 ILCS 625/4 from Ch. 17, par. 2134 205 ILCS 705/10 755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15
44	44	205 ILCS 5/48.1 from Ch. 17, par. 360
45	45	205 ILCS 205/4013 from Ch. 17, par. 7304-13
46	46	205 ILCS 305/10 from Ch. 17, par. 4411
47	47	205 ILCS 625/4 from Ch. 17, par. 2134
48	48	205 ILCS 705/10
49	49	755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15
50	50	Amends the Illinois Banking Act. In provisions concerning customer financial records and confidentiality, provides that the language does not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Savings Bank Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Illinois Credit Union Act. Provides that the provisions do not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a member. Amends the Illinois Trust and Payable on Death Accounts Act. Provides that any holder of an account may elect a per stirpes distribution option to the descendants of a natural person beneficiary if the beneficiary predeceases the last surviving holder of the account. Makes other changes. Amends the Financial Institutions Electronic Documents and Digital Signature Act. In provisions concerning electronic notices, provides that consent to electronic transactions given by the customer pursuant to the federal Electronic Signatures in Global and National Commerce Act shall satisfy applicable consent requirements. Amends the Probate Act of 1975. Provides that any person doing business or performing transactions on behalf of or at the direction of an executor or administrator with a will annexed shall be entitled to the presumption that the executor or administrator with the will annexed is lawfully authorized to conduct the business or perform the transaction without such person investigating the source of the authority and without verifying that the actions of the executor or administrator with the will annexed comply with a will or any order of the probate court, unless such person has actual knowledge to the contrary.
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52	52	LRB103 25123 BMS 51460 b
53	53	A BILL FOR
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59	59	205 ILCS 5/48.1 from Ch. 17, par. 360
60	60	205 ILCS 205/4013 from Ch. 17, par. 7304-13
61	61	205 ILCS 305/10 from Ch. 17, par. 4411
62	62	205 ILCS 625/4 from Ch. 17, par. 2134
63	63	205 ILCS 705/10
64	64	755 ILCS 5/6-15 from Ch. 110 1/2, par. 6-15
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83	83	1 maintenance of any financial records by any officer,
84	84	2 employee or agent of a bank having custody of the records,
85	85	3 or the examination of the records by a certified public
86	86	4 accountant engaged by the bank to perform an independent
87	87	5 audit.
88	88	6 (2) The examination of any financial records by, or
89	89	7 the furnishing of financial records by a bank to, any
90	90	8 officer, employee or agent of (i) the Commissioner of
91	91	9 Banks and Real Estate, (ii) after May 31, 1997, a state
92	92	10 regulatory authority authorized to examine a branch of a
93	93	11 State bank located in another state, (iii) the Comptroller
94	94	12 of the Currency, (iv) the Federal Reserve Board, or (v)
95	95	13 the Federal Deposit Insurance Corporation for use solely
96	96	14 in the exercise of his duties as an officer, employee, or
97	97	15 agent.
98	98	16 (3) The publication of data furnished from financial
99	99	17 records relating to customers where the data cannot be
100	100	18 identified to any particular customer or account.
101	101	19 (4) The making of reports or returns required under
102	102	20 Chapter 61 of the Internal Revenue Code of 1986.
103	103	21 (5) Furnishing information concerning the dishonor of
104	104	22 any negotiable instrument permitted to be disclosed under
105	105	23 the Uniform Commercial Code.
106	106	24 (6) The exchange in the regular course of business of
107	107	25 (i) credit information between a bank and other banks or
108	108	26 financial institutions or commercial enterprises, directly
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119	119	1 or through a consumer reporting agency or (ii) financial
120	120	2 records or information derived from financial records
121	121	3 between a bank and other banks or financial institutions
122	122	4 or commercial enterprises for the purpose of conducting
123	123	5 due diligence pursuant to a purchase or sale involving the
124	124	6 bank or assets or liabilities of the bank.
125	125	7 (7) The furnishing of information to the appropriate
126	126	8 law enforcement authorities where the bank reasonably
127	127	9 believes it has been the victim of a crime.
128	128	10 (8) The furnishing of information under the Revised
129	129	11 Uniform Unclaimed Property Act.
130	130	12 (9) The furnishing of information under the Illinois
131	131	13 Income Tax Act and the Illinois Estate and
132	132	14 Generation-Skipping Transfer Tax Act.
133	133	15 (10) The furnishing of information under the federal
134	134	16 Currency and Foreign Transactions Reporting Act Title 31,
135	135	17 United States Code, Section 1051 et seq.
136	136	18 (11) The furnishing of information under any other
137	137	19 statute that by its terms or by regulations promulgated
138	138	20 thereunder requires the disclosure of financial records
139	139	21 other than by subpoena, summons, warrant, or court order.
140	140	22 (12) The furnishing of information about the existence
141	141	23 of an account of a person to a judgment creditor of that
142	142	24 person who has made a written request for that
143	143	25 information.
144	144	26 (13) The exchange in the regular course of business of
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155	155	1 information between commonly owned banks in connection
156	156	2 with a transaction authorized under paragraph (23) of
157	157	3 Section 5 and conducted at an affiliate facility.
158	158	4 (14) The furnishing of information in accordance with
159	159	5 the federal Personal Responsibility and Work Opportunity
160	160	6 Reconciliation Act of 1996. Any bank governed by this Act
161	161	7 shall enter into an agreement for data exchanges with a
162	162	8 State agency provided the State agency pays to the bank a
163	163	9 reasonable fee not to exceed its actual cost incurred. A
164	164	10 bank providing information in accordance with this item
165	165	11 shall not be liable to any account holder or other person
166	166	12 for any disclosure of information to a State agency, for
167	167	13 encumbering or surrendering any assets held by the bank in
168	168	14 response to a lien or order to withhold and deliver issued
169	169	15 by a State agency, or for any other action taken pursuant
170	170	16 to this item, including individual or mechanical errors,
171	171	17 provided the action does not constitute gross negligence
172	172	18 or willful misconduct. A bank shall have no obligation to
173	173	19 hold, encumber, or surrender assets until it has been
174	174	20 served with a subpoena, summons, warrant, court or
175	175	21 administrative order, lien, or levy.
176	176	22 (15) The exchange in the regular course of business of
177	177	23 information between a bank and any commonly owned
178	178	24 affiliate of the bank, subject to the provisions of the
179	179	25 Financial Institutions Insurance Sales Law.
180	180	26 (16) The furnishing of information to law enforcement
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191	191	1 authorities, the Illinois Department on Aging and its
192	192	2 regional administrative and provider agencies, the
193	193	3 Department of Human Services Office of Inspector General,
194	194	4 or public guardians: (i) upon subpoena by the
195	195	5 investigatory entity or the guardian, or (ii) if there is
196	196	6 suspicion by the bank that a customer who is an elderly
197	197	7 person or person with a disability has been or may become
198	198	8 the victim of financial exploitation. For the purposes of
199	199	9 this item (16), the term: (i) "elderly person" means a
200	200	10 person who is 60 or more years of age, (ii) "disabled
201	201	11 person" means a person who has or reasonably appears to
202	202	12 the bank to have a physical or mental disability that
203	203	13 impairs his or her ability to seek or obtain protection
204	204	14 from or prevent financial exploitation, and (iii)
205	205	15 "financial exploitation" means tortious or illegal use of
206	206	16 the assets or resources of an elderly or disabled person,
207	207	17 and includes, without limitation, misappropriation of the
208	208	18 elderly or disabled person's assets or resources by undue
209	209	19 influence, breach of fiduciary relationship, intimidation,
210	210	20 fraud, deception, extortion, or the use of assets or
211	211	21 resources in any manner contrary to law. A bank or person
212	212	22 furnishing information pursuant to this item (16) shall be
213	213	23 entitled to the same rights and protections as a person
214	214	24 furnishing information under the Adult Protective Services
215	215	25 Act and the Illinois Domestic Violence Act of 1986.
216	216	26 (17) The disclosure of financial records or
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227	227	1 information as necessary to effect, administer, or enforce
228	228	2 a transaction requested or authorized by the customer, or
229	229	3 in connection with:
230	230	4 (A) servicing or processing a financial product or
231	231	5 service requested or authorized by the customer;
232	232	6 (B) maintaining or servicing a customer's account
233	233	7 with the bank; or
234	234	8 (C) a proposed or actual securitization or
235	235	9 secondary market sale (including sales of servicing
236	236	10 rights) related to a transaction of a customer.
237	237	11 Nothing in this item (17), however, authorizes the
238	238	12 sale of the financial records or information of a customer
239	239	13 without the consent of the customer.
240	240	14 (18) The disclosure of financial records or
241	241	15 information as necessary to protect against actual or
242	242	16 potential fraud, unauthorized transactions, claims, or
243	243	17 other liability.
244	244	18 (19)(A) The disclosure of financial records or
245	245	19 information related to a private label credit program
246	246	20 between a financial institution and a private label party
247	247	21 in connection with that private label credit program. Such
248	248	22 information is limited to outstanding balance, available
249	249	23 credit, payment and performance and account history,
250	250	24 product references, purchase information, and information
251	251	25 related to the identity of the customer.
252	252	26 (B)(1) For purposes of this paragraph (19) of
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263	263	1 subsection (b) of Section 48.1, a "private label credit
264	264	2 program" means a credit program involving a financial
265	265	3 institution and a private label party that is used by a
266	266	4 customer of the financial institution and the private
267	267	5 label party primarily for payment for goods or services
268	268	6 sold, manufactured, or distributed by a private label
269	269	7 party.
270	270	8 (2) For purposes of this paragraph (19) of subsection
271	271	9 (b) of Section 48.1, a "private label party" means, with
272	272	10 respect to a private label credit program, any of the
273	273	11 following: a retailer, a merchant, a manufacturer, a trade
274	274	12 group, or any such person's affiliate, subsidiary, member,
275	275	13 agent, or service provider.
276	276	14 (20)(A) The furnishing of financial records of a
277	277	15 customer to the Department to aid the Department's initial
278	278	16 determination or subsequent re-determination of the
279	279	17 customer's eligibility for Medicaid and Medicaid long-term
280	280	18 care benefits for long-term care services, provided that
281	281	19 the bank receives the written consent and authorization of
282	282	20 the customer, which shall:
283	283	21 (1) have the customer's signature notarized;
284	284	22 (2) be signed by at least one witness who
285	285	23 certifies that he or she believes the customer to be of
286	286	24 sound mind and memory;
287	287	25 (3) be tendered to the bank at the earliest
288	288	26 practicable time following its execution,
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299	299	1 certification, and notarization;
300	300	2 (4) specifically limit the disclosure of the
301	301	3 customer's financial records to the Department; and
302	302	4 (5) be in substantially the following form:
303	303	5 CUSTOMER CONSENT AND AUTHORIZATION
304	304	6 FOR RELEASE OF FINANCIAL RECORDS
305	305	7 I, ......................................., hereby authorize
306	306	8 (Name of Customer)
307	307	9 .............................................................
308	308	10 (Name of Financial Institution)
309	309	11 .............................................................
310	310	12 (Address of Financial Institution)
311	311	13 to disclose the following financial records:
312	312	14 any and all information concerning my deposit, savings, money
313	313	15 market, certificate of deposit, individual retirement,
314	314	16 retirement plan, 401(k) plan, incentive plan, employee benefit
315	315	17 plan, mutual fund and loan accounts (including, but not
316	316	18 limited to, any indebtedness or obligation for which I am a
317	317	19 co-borrower, co-obligor, guarantor, or surety), and any and
318	318	20 all other accounts in which I have an interest and any other
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329	329	1 information regarding me in the possession of the Financial
330	330	2 Institution,
331	331	3 to the Illinois Department of Human Services or the Illinois
332	332	4 Department of Healthcare and Family Services, or both ("the
333	333	5 Department"), for the following purpose(s):
334	334	6 to aid in the initial determination or re-determination by the
335	335	7 State of Illinois of my eligibility for Medicaid long-term
336	336	8 care benefits, pursuant to applicable law.
337	337	9 I understand that this Consent and Authorization may be
338	338	10 revoked by me in writing at any time before my financial
339	339	11 records, as described above, are disclosed, and that this
340	340	12 Consent and Authorization is valid until the Financial
341	341	13 Institution receives my written revocation. This Consent and
342	342	14 Authorization shall constitute valid authorization for the
343	343	15 Department identified above to inspect all such financial
344	344	16 records set forth above, and to request and receive copies of
345	345	17 such financial records from the Financial Institution (subject
346	346	18 to such records search and reproduction reimbursement policies
347	347	19 as the Financial Institution may have in place). An executed
348	348	20 copy of this Consent and Authorization shall be sufficient and
349	349	21 as good as the original and permission is hereby granted to
350	350	22 honor a photostatic or electronic copy of this Consent and
351	351	23 Authorization. Disclosure is strictly limited to the
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362	362	1 Department identified above and no other person or entity
363	363	2 shall receive my financial records pursuant to this Consent
364	364	3 and Authorization. By signing this form, I agree to indemnify
365	365	4 and hold the Financial Institution harmless from any and all
366	366	5 claims, demands, and losses, including reasonable attorneys
367	367	6 fees and expenses, arising from or incurred in its reliance on
368	368	7 this Consent and Authorization. As used herein, "Customer"
369	369	8 shall mean "Member" if the Financial Institution is a credit
370	370	9 union.
371	371	10 ....................... ......................
372	372	11 (Date) (Signature of Customer)
373	373	12 ......................
374	374	13 ......................
375	375	14 (Address of Customer)
376	376	15 ......................
377	377	16 (Customer's birth date)
378	378	17 (month/day/year)
379	379	18 The undersigned witness certifies that .................,
380	380	19 known to me to be the same person whose name is subscribed as
381	381	20 the customer to the foregoing Consent and Authorization,
382	382	21 appeared before me and the notary public and acknowledged
383	383	22 signing and delivering the instrument as his or her free and
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390	390
391	391
392	392	SB1992- 11 -LRB103 25123 BMS 51460 b SB1992 - 11 - LRB103 25123 BMS 51460 b
393	393	SB1992 - 11 - LRB103 25123 BMS 51460 b
394	394	1 voluntary act for the uses and purposes therein set forth. I
395	395	2 believe him or her to be of sound mind and memory. The
396	396	3 undersigned witness also certifies that the witness is not an
397	397	4 owner, operator, or relative of an owner or operator of a
398	398	5 long-term care facility in which the customer is a patient or
399	399	6 resident.
400	400	7 Dated: ................. ......................
401	401	8 (Signature of Witness)
402	402	9 ......................
403	403	10 (Print Name of Witness)
404	404	11 ......................
405	405	12 ......................
406	406	13 (Address of Witness)
407	407	14 State of Illinois)
408	408	15 ) ss.
409	409	16 County of .......)
410	410	17 The undersigned, a notary public in and for the above county
411	411	18 and state, certifies that .........., known to me to be the
412	412	19 same person whose name is subscribed as the customer to the
413	413	20 foregoing Consent and Authorization, appeared before me
414	414	21 together with the witness, .........., in person and
415	415
416	416
417	417
418	418
419	419
420	420	SB1992 - 11 - LRB103 25123 BMS 51460 b
421	421
422	422
423	423	SB1992- 12 -LRB103 25123 BMS 51460 b SB1992 - 12 - LRB103 25123 BMS 51460 b
424	424	SB1992 - 12 - LRB103 25123 BMS 51460 b
425	425	1 acknowledged signing and delivering the instrument as the free
426	426	2 and voluntary act of the customer for the uses and purposes
427	427	3 therein set forth.
428	428	4 Dated:.......................................................
429	429	5 Notary Public:...............................................
430	430	6 My commission expires:.......................................
431	431	7 (B) In no event shall the bank distribute the
432	432	8 customer's financial records to the long-term care
433	433	9 facility from which the customer seeks initial or
434	434	10 continuing residency or long-term care services.
435	435	11 (C) A bank providing financial records of a customer
436	436	12 in good faith relying on a consent and authorization
437	437	13 executed and tendered in accordance with this paragraph
438	438	14 (20) shall not be liable to the customer or any other
439	439	15 person in relation to the bank's disclosure of the
440	440	16 customer's financial records to the Department. The
441	441	17 customer signing the consent and authorization shall
442	442	18 indemnify and hold the bank harmless that relies in good
443	443	19 faith upon the consent and authorization and incurs a loss
444	444	20 because of such reliance. The bank recovering under this
445	445	21 indemnification provision shall also be entitled to
446	446	22 reasonable attorney's fees and the expenses of recovery.
447	447	23 (D) A bank shall be reimbursed by the customer for all
448	448	24 costs reasonably necessary and directly incurred in
449	449
450	450
451	451
452	452
453	453
454	454	SB1992 - 12 - LRB103 25123 BMS 51460 b
455	455
456	456
457	457	SB1992- 13 -LRB103 25123 BMS 51460 b SB1992 - 13 - LRB103 25123 BMS 51460 b
458	458	SB1992 - 13 - LRB103 25123 BMS 51460 b
459	459	1 searching for, reproducing, and disclosing a customer's
460	460	2 financial records required or requested to be produced
461	461	3 pursuant to any consent and authorization executed under
462	462	4 this paragraph (20). The requested financial records shall
463	463	5 be delivered to the Department within 10 days after
464	464	6 receiving a properly executed consent and authorization or
465	465	7 at the earliest practicable time thereafter if the
466	466	8 requested records cannot be delivered within 10 days, but
467	467	9 delivery may be delayed until the final reimbursement of
468	468	10 all costs is received by the bank. The bank may honor a
469	469	11 photostatic or electronic copy of a properly executed
470	470	12 consent and authorization.
471	471	13 (E) Nothing in this paragraph (20) shall impair,
472	472	14 abridge, or abrogate the right of a customer to:
473	473	15 (1) directly disclose his or her financial records
474	474	16 to the Department or any other person; or
475	475	17 (2) authorize his or her attorney or duly
476	476	18 appointed agent to request and obtain the customer's
477	477	19 financial records and disclose those financial records
478	478	20 to the Department.
479	479	21 (F) For purposes of this paragraph (20), "Department"
480	480	22 means the Department of Human Services and the Department
481	481	23 of Healthcare and Family Services or any successor
482	482	24 administrative agency of either agency.
483	483	25 (21) The furnishing of financial information to the
484	484	26 executor, executrix, administrator, or other lawful
485	485
486	486
487	487
488	488
489	489
490	490	SB1992 - 13 - LRB103 25123 BMS 51460 b
491	491
492	492
493	493	SB1992- 14 -LRB103 25123 BMS 51460 b SB1992 - 14 - LRB103 25123 BMS 51460 b
494	494	SB1992 - 14 - LRB103 25123 BMS 51460 b
495	495	1 representative of the estate of a customer.
496	496	2 (c) Except as otherwise provided by this Act, a bank may
497	497	3 not disclose to any person, except to the customer or his duly
498	498	4 authorized agent, any financial records or financial
499	499	5 information obtained from financial records relating to that
500	500	6 customer of that bank unless:
501	501	7 (1) the customer has authorized disclosure to the
502	502	8 person;
503	503	9 (2) the financial records are disclosed in response to
504	504	10 a lawful subpoena, summons, warrant, citation to discover
505	505	11 assets, or court order which meets the requirements of
506	506	12 subsection (d) of this Section; or
507	507	13 (3) the bank is attempting to collect an obligation
508	508	14 owed to the bank and the bank complies with the provisions
509	509	15 of Section 2I of the Consumer Fraud and Deceptive Business
510	510	16 Practices Act.
511	511	17 (d) A bank shall disclose financial records under
512	512	18 paragraph (2) of subsection (c) of this Section under a lawful
513	513	19 subpoena, summons, warrant, citation to discover assets, or
514	514	20 court order only after the bank sends a copy of the subpoena,
515	515	21 summons, warrant, citation to discover assets, or court order
516	516	22 to the person establishing the relationship with the bank, if
517	517	23 living, and, otherwise the person's personal representative,
518	518	24 if known, at the person's last known address by first class
519	519	25 mail, postage prepaid, through a third-party commercial
520	520	26 carrier or courier with delivery charge fully prepaid, by hand
521	521
522	522
523	523
524	524
525	525
526	526	SB1992 - 14 - LRB103 25123 BMS 51460 b
527	527
528	528
529	529	SB1992- 15 -LRB103 25123 BMS 51460 b SB1992 - 15 - LRB103 25123 BMS 51460 b
530	530	SB1992 - 15 - LRB103 25123 BMS 51460 b
531	531	1 delivery, or by electronic delivery at an email address on
532	532	2 file with the bank (if the person establishing the
533	533	3 relationship with the bank has consented to receive electronic
534	534	4 delivery and, if the person establishing the relationship with
535	535	5 the bank is a consumer, the person has consented under the
536	536	6 consumer consent provisions set forth in Section 7001 of Title
537	537	7 15 of the United States Code), unless the bank is specifically
538	538	8 prohibited from notifying the person by order of court or by
539	539	9 applicable State or federal law. A bank shall not mail a copy
540	540	10 of a subpoena to any person pursuant to this subsection if the
541	541	11 subpoena was issued by a grand jury under the Statewide Grand
542	542	12 Jury Act.
543	543	13 (e) Any officer or employee of a bank who knowingly and
544	544	14 willfully furnishes financial records in violation of this
545	545	15 Section is guilty of a business offense and, upon conviction,
546	546	16 shall be fined not more than $1,000.
547	547	17 (f) Any person who knowingly and willfully induces or
548	548	18 attempts to induce any officer or employee of a bank to
549	549	19 disclose financial records in violation of this Section is
550	550	20 guilty of a business offense and, upon conviction, shall be
551	551	21 fined not more than $1,000.
552	552	22 (g) A bank shall be reimbursed for costs that are
553	553	23 reasonably necessary and that have been directly incurred in
554	554	24 searching for, reproducing, or transporting books, papers,
555	555	25 records, or other data required or requested to be produced
556	556	26 pursuant to a lawful subpoena, summons, warrant, citation to
557	557
558	558
559	559
560	560
561	561
562	562	SB1992 - 15 - LRB103 25123 BMS 51460 b
563	563
564	564
565	565	SB1992- 16 -LRB103 25123 BMS 51460 b SB1992 - 16 - LRB103 25123 BMS 51460 b
566	566	SB1992 - 16 - LRB103 25123 BMS 51460 b
567	567	1 discover assets, or court order. The Commissioner shall
568	568	2 determine the rates and conditions under which payment may be
569	569	3 made.
570	570	4 (Source: P.A. 101-81, eff. 7-12-19; 102-873, eff. 5-13-22.)
571	571	5 Section 10. The Savings Bank Act is amended by changing
572	572	6 Section 4013 as follows:
573	573	7 (205 ILCS 205/4013) (from Ch. 17, par. 7304-13)
574	574	8 Sec. 4013. Access to books and records; communication with
575	575	9 members and shareholders.
576	576	10 (a) Every member or shareholder shall have the right to
577	577	11 inspect books and records of the savings bank that pertain to
578	578	12 his accounts. Otherwise, the right of inspection and
579	579	13 examination of the books and records shall be limited as
580	580	14 provided in this Act, and no other person shall have access to
581	581	15 the books and records nor shall be entitled to a list of the
582	582	16 members or shareholders.
583	583	17 (b) For the purpose of this Section, the term "financial
584	584	18 records" means any original, any copy, or any summary of (1) a
585	585	19 document granting signature authority over a deposit or
586	586	20 account; (2) a statement, ledger card, or other record on any
587	587	21 deposit or account that shows each transaction in or with
588	588	22 respect to that account; (3) a check, draft, or money order
589	589	23 drawn on a savings bank or issued and payable by a savings
590	590	24 bank; or (4) any other item containing information pertaining
591	591
592	592
593	593
594	594
595	595
596	596	SB1992 - 16 - LRB103 25123 BMS 51460 b
597	597
598	598
599	599	SB1992- 17 -LRB103 25123 BMS 51460 b SB1992 - 17 - LRB103 25123 BMS 51460 b
600	600	SB1992 - 17 - LRB103 25123 BMS 51460 b
601	601	1 to any relationship established in the ordinary course of a
602	602	2 savings bank's business between a savings bank and its
603	603	3 customer, including financial statements or other financial
604	604	4 information provided by the member or shareholder.
605	605	5 (c) This Section does not prohibit:
606	606	6 (1) The preparation, examination, handling, or
607	607	7 maintenance of any financial records by any officer,
608	608	8 employee, or agent of a savings bank having custody of
609	609	9 records or examination of records by a certified public
610	610	10 accountant engaged by the savings bank to perform an
611	611	11 independent audit.
612	612	12 (2) The examination of any financial records by, or
613	613	13 the furnishing of financial records by a savings bank to,
614	614	14 any officer, employee, or agent of the Commissioner of
615	615	15 Banks and Real Estate or the federal depository
616	616	16 institution regulator for use solely in the exercise of
617	617	17 his duties as an officer, employee, or agent.
618	618	18 (3) The publication of data furnished from financial
619	619	19 records relating to members or holders of capital where
620	620	20 the data cannot be identified to any particular member,
621	621	21 shareholder, or account.
622	622	22 (4) The making of reports or returns required under
623	623	23 Chapter 61 of the Internal Revenue Code of 1986.
624	624	24 (5) Furnishing information concerning the dishonor of
625	625	25 any negotiable instrument permitted to be disclosed under
626	626	26 the Uniform Commercial Code.
627	627
628	628
629	629
630	630
631	631
632	632	SB1992 - 17 - LRB103 25123 BMS 51460 b
633	633
634	634
635	635	SB1992- 18 -LRB103 25123 BMS 51460 b SB1992 - 18 - LRB103 25123 BMS 51460 b
636	636	SB1992 - 18 - LRB103 25123 BMS 51460 b
637	637	1 (6) The exchange in the regular course of business of
638	638	2 (i) credit information between a savings bank and other
639	639	3 savings banks or financial institutions or commercial
640	640	4 enterprises, directly or through a consumer reporting
641	641	5 agency or (ii) financial records or information derived
642	642	6 from financial records between a savings bank and other
643	643	7 savings banks or financial institutions or commercial
644	644	8 enterprises for the purpose of conducting due diligence
645	645	9 pursuant to a purchase or sale involving the savings bank
646	646	10 or assets or liabilities of the savings bank.
647	647	11 (7) The furnishing of information to the appropriate
648	648	12 law enforcement authorities where the savings bank
649	649	13 reasonably believes it has been the victim of a crime.
650	650	14 (8) The furnishing of information pursuant to the
651	651	15 Revised Uniform Unclaimed Property Act.
652	652	16 (9) The furnishing of information pursuant to the
653	653	17 Illinois Income Tax Act and the Illinois Estate and
654	654	18 Generation-Skipping Transfer Tax Act.
655	655	19 (10) The furnishing of information pursuant to the
656	656	20 federal Currency and Foreign Transactions Reporting Act,
657	657	21 (Title 31, United States Code, Section 1051 et seq.).
658	658	22 (11) The furnishing of information pursuant to any
659	659	23 other statute which by its terms or by regulations
660	660	24 promulgated thereunder requires the disclosure of
661	661	25 financial records other than by subpoena, summons,
662	662	26 warrant, or court order.
663	663
664	664
665	665
666	666
667	667
668	668	SB1992 - 18 - LRB103 25123 BMS 51460 b
669	669
670	670
671	671	SB1992- 19 -LRB103 25123 BMS 51460 b SB1992 - 19 - LRB103 25123 BMS 51460 b
672	672	SB1992 - 19 - LRB103 25123 BMS 51460 b
673	673	1 (12) The furnishing of information in accordance with
674	674	2 the federal Personal Responsibility and Work Opportunity
675	675	3 Reconciliation Act of 1996. Any savings bank governed by
676	676	4 this Act shall enter into an agreement for data exchanges
677	677	5 with a State agency provided the State agency pays to the
678	678	6 savings bank a reasonable fee not to exceed its actual
679	679	7 cost incurred. A savings bank providing information in
680	680	8 accordance with this item shall not be liable to any
681	681	9 account holder or other person for any disclosure of
682	682	10 information to a State agency, for encumbering or
683	683	11 surrendering any assets held by the savings bank in
684	684	12 response to a lien or order to withhold and deliver issued
685	685	13 by a State agency, or for any other action taken pursuant
686	686	14 to this item, including individual or mechanical errors,
687	687	15 provided the action does not constitute gross negligence
688	688	16 or willful misconduct. A savings bank shall have no
689	689	17 obligation to hold, encumber, or surrender assets until it
690	690	18 has been served with a subpoena, summons, warrant, court
691	691	19 or administrative order, lien, or levy.
692	692	20 (13) The furnishing of information to law enforcement
693	693	21 authorities, the Illinois Department on Aging and its
694	694	22 regional administrative and provider agencies, the
695	695	23 Department of Human Services Office of Inspector General,
696	696	24 or public guardians: (i) upon subpoena by the
697	697	25 investigatory entity or the guardian, or (ii) if there is
698	698	26 suspicion by the savings bank that a customer who is an
699	699
700	700
701	701
702	702
703	703
704	704	SB1992 - 19 - LRB103 25123 BMS 51460 b
705	705
706	706
707	707	SB1992- 20 -LRB103 25123 BMS 51460 b SB1992 - 20 - LRB103 25123 BMS 51460 b
708	708	SB1992 - 20 - LRB103 25123 BMS 51460 b
709	709	1 elderly person or person with a disability has been or may
710	710	2 become the victim of financial exploitation. For the
711	711	3 purposes of this item (13), the term: (i) "elderly person"
712	712	4 means a person who is 60 or more years of age, (ii) "person
713	713	5 with a disability" means a person who has or reasonably
714	714	6 appears to the savings bank to have a physical or mental
715	715	7 disability that impairs his or her ability to seek or
716	716	8 obtain protection from or prevent financial exploitation,
717	717	9 and (iii) "financial exploitation" means tortious or
718	718	10 illegal use of the assets or resources of an elderly
719	719	11 person or person with a disability, and includes, without
720	720	12 limitation, misappropriation of the assets or resources of
721	721	13 the elderly person or person with a disability by undue
722	722	14 influence, breach of fiduciary relationship, intimidation,
723	723	15 fraud, deception, extortion, or the use of assets or
724	724	16 resources in any manner contrary to law. A savings bank or
725	725	17 person furnishing information pursuant to this item (13)
726	726	18 shall be entitled to the same rights and protections as a
727	727	19 person furnishing information under the Adult Protective
728	728	20 Services Act and the Illinois Domestic Violence Act of
729	729	21 1986.
730	730	22 (14) The disclosure of financial records or
731	731	23 information as necessary to effect, administer, or enforce
732	732	24 a transaction requested or authorized by the member or
733	733	25 holder of capital, or in connection with:
734	734	26 (A) servicing or processing a financial product or
735	735
736	736
737	737
738	738
739	739
740	740	SB1992 - 20 - LRB103 25123 BMS 51460 b
741	741
742	742
743	743	SB1992- 21 -LRB103 25123 BMS 51460 b SB1992 - 21 - LRB103 25123 BMS 51460 b
744	744	SB1992 - 21 - LRB103 25123 BMS 51460 b
745	745	1 service requested or authorized by the member or
746	746	2 holder of capital;
747	747	3 (B) maintaining or servicing an account of a
748	748	4 member or holder of capital with the savings bank; or
749	749	5 (C) a proposed or actual securitization or
750	750	6 secondary market sale (including sales of servicing
751	751	7 rights) related to a transaction of a member or holder
752	752	8 of capital.
753	753	9 Nothing in this item (14), however, authorizes the
754	754	10 sale of the financial records or information of a member
755	755	11 or holder of capital without the consent of the member or
756	756	12 holder of capital.
757	757	13 (15) The exchange in the regular course of business of
758	758	14 information between a savings bank and any commonly owned
759	759	15 affiliate of the savings bank, subject to the provisions
760	760	16 of the Financial Institutions Insurance Sales Law.
761	761	17 (16) The disclosure of financial records or
762	762	18 information as necessary to protect against or prevent
763	763	19 actual or potential fraud, unauthorized transactions,
764	764	20 claims, or other liability.
765	765	21 (17)(a) The disclosure of financial records or
766	766	22 information related to a private label credit program
767	767	23 between a financial institution and a private label party
768	768	24 in connection with that private label credit program. Such
769	769	25 information is limited to outstanding balance, available
770	770	26 credit, payment and performance and account history,
771	771
772	772
773	773
774	774
775	775
776	776	SB1992 - 21 - LRB103 25123 BMS 51460 b
777	777
778	778
779	779	SB1992- 22 -LRB103 25123 BMS 51460 b SB1992 - 22 - LRB103 25123 BMS 51460 b
780	780	SB1992 - 22 - LRB103 25123 BMS 51460 b
781	781	1 product references, purchase information, and information
782	782	2 related to the identity of the customer.
783	783	3 (b)(1) For purposes of this paragraph (17) of
784	784	4 subsection (c) of Section 4013, a "private label credit
785	785	5 program" means a credit program involving a financial
786	786	6 institution and a private label party that is used by a
787	787	7 customer of the financial institution and the private
788	788	8 label party primarily for payment for goods or services
789	789	9 sold, manufactured, or distributed by a private label
790	790	10 party.
791	791	11 (2) For purposes of this paragraph (17) of subsection
792	792	12 (c) of Section 4013, a "private label party" means, with
793	793	13 respect to a private label credit program, any of the
794	794	14 following: a retailer, a merchant, a manufacturer, a trade
795	795	15 group, or any such person's affiliate, subsidiary, member,
796	796	16 agent, or service provider.
797	797	17 (18)(a) The furnishing of financial records of a
798	798	18 customer to the Department to aid the Department's initial
799	799	19 determination or subsequent re-determination of the
800	800	20 customer's eligibility for Medicaid and Medicaid long-term
801	801	21 care benefits for long-term care services, provided that
802	802	22 the savings bank receives the written consent and
803	803	23 authorization of the customer, which shall:
804	804	24 (1) have the customer's signature notarized;
805	805	25 (2) be signed by at least one witness who
806	806	26 certifies that he or she believes the customer to be of
807	807
808	808
809	809
810	810
811	811
812	812	SB1992 - 22 - LRB103 25123 BMS 51460 b
813	813
814	814
815	815	SB1992- 23 -LRB103 25123 BMS 51460 b SB1992 - 23 - LRB103 25123 BMS 51460 b
816	816	SB1992 - 23 - LRB103 25123 BMS 51460 b
817	817	1 sound mind and memory;
818	818	2 (3) be tendered to the savings bank at the
819	819	3 earliest practicable time following its execution,
820	820	4 certification, and notarization;
821	821	5 (4) specifically limit the disclosure of the
822	822	6 customer's financial records to the Department; and
823	823	7 (5) be in substantially the following form:
824	824	8 CUSTOMER CONSENT AND AUTHORIZATION
825	825	9 FOR RELEASE OF FINANCIAL RECORDS
826	826	10 I, ......................................., hereby authorize
827	827	11 (Name of Customer)
828	828	12 .............................................................
829	829	13 (Name of Financial Institution)
830	830	14 .............................................................
831	831	15 (Address of Financial Institution)
832	832	16 to disclose the following financial records:
833	833	17 any and all information concerning my deposit, savings, money
834	834	18 market, certificate of deposit, individual retirement,
835	835	19 retirement plan, 401(k) plan, incentive plan, employee benefit
836	836	20 plan, mutual fund and loan accounts (including, but not
837	837
838	838
839	839
840	840
841	841
842	842	SB1992 - 23 - LRB103 25123 BMS 51460 b
843	843
844	844
845	845	SB1992- 24 -LRB103 25123 BMS 51460 b SB1992 - 24 - LRB103 25123 BMS 51460 b
846	846	SB1992 - 24 - LRB103 25123 BMS 51460 b
847	847	1 limited to, any indebtedness or obligation for which I am a
848	848	2 co-borrower, co-obligor, guarantor, or surety), and any and
849	849	3 all other accounts in which I have an interest and any other
850	850	4 information regarding me in the possession of the Financial
851	851	5 Institution,
852	852	6 to the Illinois Department of Human Services or the Illinois
853	853	7 Department of Healthcare and Family Services, or both ("the
854	854	8 Department"), for the following purpose(s):
855	855	9 to aid in the initial determination or re-determination by the
856	856	10 State of Illinois of my eligibility for Medicaid long-term
857	857	11 care benefits, pursuant to applicable law.
858	858	12 I understand that this Consent and Authorization may be
859	859	13 revoked by me in writing at any time before my financial
860	860	14 records, as described above, are disclosed, and that this
861	861	15 Consent and Authorization is valid until the Financial
862	862	16 Institution receives my written revocation. This Consent and
863	863	17 Authorization shall constitute valid authorization for the
864	864	18 Department identified above to inspect all such financial
865	865	19 records set forth above, and to request and receive copies of
866	866	20 such financial records from the Financial Institution (subject
867	867	21 to such records search and reproduction reimbursement policies
868	868	22 as the Financial Institution may have in place). An executed
869	869	23 copy of this Consent and Authorization shall be sufficient and
870	870
871	871
872	872
873	873
874	874
875	875	SB1992 - 24 - LRB103 25123 BMS 51460 b
876	876
877	877
878	878	SB1992- 25 -LRB103 25123 BMS 51460 b SB1992 - 25 - LRB103 25123 BMS 51460 b
879	879	SB1992 - 25 - LRB103 25123 BMS 51460 b
880	880	1 as good as the original and permission is hereby granted to
881	881	2 honor a photostatic or electronic copy of this Consent and
882	882	3 Authorization. Disclosure is strictly limited to the
883	883	4 Department identified above and no other person or entity
884	884	5 shall receive my financial records pursuant to this Consent
885	885	6 and Authorization. By signing this form, I agree to indemnify
886	886	7 and hold the Financial Institution harmless from any and all
887	887	8 claims, demands, and losses, including reasonable attorneys
888	888	9 fees and expenses, arising from or incurred in its reliance on
889	889	10 this Consent and Authorization. As used herein, "Customer"
890	890	11 shall mean "Member" if the Financial Institution is a credit
891	891	12 union.
892	892	13 ....................... ......................
893	893	14 (Date) (Signature of Customer)
894	894	15 ......................
895	895	16 ......................
896	896	17 (Address of Customer)
897	897	18 ......................
898	898	19 (Customer's birth date)
899	899	20 (month/day/year)
900	900	21 The undersigned witness certifies that .................,
901	901	22 known to me to be the same person whose name is subscribed as
902	902
903	903
904	904
905	905
906	906
907	907	SB1992 - 25 - LRB103 25123 BMS 51460 b
908	908
909	909
910	910	SB1992- 26 -LRB103 25123 BMS 51460 b SB1992 - 26 - LRB103 25123 BMS 51460 b
911	911	SB1992 - 26 - LRB103 25123 BMS 51460 b
912	912	1 the customer to the foregoing Consent and Authorization,
913	913	2 appeared before me and the notary public and acknowledged
914	914	3 signing and delivering the instrument as his or her free and
915	915	4 voluntary act for the uses and purposes therein set forth. I
916	916	5 believe him or her to be of sound mind and memory. The
917	917	6 undersigned witness also certifies that the witness is not an
918	918	7 owner, operator, or relative of an owner or operator of a
919	919	8 long-term care facility in which the customer is a patient or
920	920	9 resident.
921	921	10 Dated: ................. ......................
922	922	11 (Signature of Witness)
923	923	12 ......................
924	924	13 (Print Name of Witness)
925	925	14 ......................
926	926	15 ......................
927	927	16 (Address of Witness)
928	928	17 State of Illinois)
929	929	18 ) ss.
930	930	19 County of .......)
931	931	20 The undersigned, a notary public in and for the above county
932	932	21 and state, certifies that .........., known to me to be the
933	933
934	934
935	935
936	936
937	937
938	938	SB1992 - 26 - LRB103 25123 BMS 51460 b
939	939
940	940
941	941	SB1992- 27 -LRB103 25123 BMS 51460 b SB1992 - 27 - LRB103 25123 BMS 51460 b
942	942	SB1992 - 27 - LRB103 25123 BMS 51460 b
943	943	1 same person whose name is subscribed as the customer to the
944	944	2 foregoing Consent and Authorization, appeared before me
945	945	3 together with the witness, .........., in person and
946	946	4 acknowledged signing and delivering the instrument as the free
947	947	5 and voluntary act of the customer for the uses and purposes
948	948	6 therein set forth.
949	949	7 Dated:.......................................................
950	950	8 Notary Public:...............................................
951	951	9 My commission expires:.......................................
952	952	10 (b) In no event shall the savings bank distribute the
953	953	11 customer's financial records to the long-term care
954	954	12 facility from which the customer seeks initial or
955	955	13 continuing residency or long-term care services.
956	956	14 (c) A savings bank providing financial records of a
957	957	15 customer in good faith relying on a consent and
958	958	16 authorization executed and tendered in accordance with
959	959	17 this paragraph (18) shall not be liable to the customer or
960	960	18 any other person in relation to the savings bank's
961	961	19 disclosure of the customer's financial records to the
962	962	20 Department. The customer signing the consent and
963	963	21 authorization shall indemnify and hold the savings bank
964	964	22 harmless that relies in good faith upon the consent and
965	965	23 authorization and incurs a loss because of such reliance.
966	966	24 The savings bank recovering under this indemnification
967	967
968	968
969	969
970	970
971	971
972	972	SB1992 - 27 - LRB103 25123 BMS 51460 b
973	973
974	974
975	975	SB1992- 28 -LRB103 25123 BMS 51460 b SB1992 - 28 - LRB103 25123 BMS 51460 b
976	976	SB1992 - 28 - LRB103 25123 BMS 51460 b
977	977	1 provision shall also be entitled to reasonable attorney's
978	978	2 fees and the expenses of recovery.
979	979	3 (d) A savings bank shall be reimbursed by the customer
980	980	4 for all costs reasonably necessary and directly incurred
981	981	5 in searching for, reproducing, and disclosing a customer's
982	982	6 financial records required or requested to be produced
983	983	7 pursuant to any consent and authorization executed under
984	984	8 this paragraph (18). The requested financial records shall
985	985	9 be delivered to the Department within 10 days after
986	986	10 receiving a properly executed consent and authorization or
987	987	11 at the earliest practicable time thereafter if the
988	988	12 requested records cannot be delivered within 10 days, but
989	989	13 delivery may be delayed until the final reimbursement of
990	990	14 all costs is received by the savings bank. The savings
991	991	15 bank may honor a photostatic or electronic copy of a
992	992	16 properly executed consent and authorization.
993	993	17 (e) Nothing in this paragraph (18) shall impair,
994	994	18 abridge, or abrogate the right of a customer to:
995	995	19 (1) directly disclose his or her financial records
996	996	20 to the Department or any other person; or
997	997	21 (2) authorize his or her attorney or duly
998	998	22 appointed agent to request and obtain the customer's
999	999	23 financial records and disclose those financial records
1000	1000	24 to the Department.
1001	1001	25 (f) For purposes of this paragraph (18), "Department"
1002	1002	26 means the Department of Human Services and the Department
1003	1003
1004	1004
1005	1005
1006	1006
1007	1007
1008	1008	SB1992 - 28 - LRB103 25123 BMS 51460 b
1009	1009
1010	1010
1011	1011	SB1992- 29 -LRB103 25123 BMS 51460 b SB1992 - 29 - LRB103 25123 BMS 51460 b
1012	1012	SB1992 - 29 - LRB103 25123 BMS 51460 b
1013	1013	1 of Healthcare and Family Services or any successor
1014	1014	2 administrative agency of either agency.
1015	1015	3 (19) The furnishing of financial information to the
1016	1016	4 executor, executrix, administrator, or other lawful
1017	1017	5 representative of the estate of a customer.
1018	1018	6 (d) A savings bank may not disclose to any person, except
1019	1019	7 to the member or holder of capital or his duly authorized
1020	1020	8 agent, any financial records relating to that member or
1021	1021	9 shareholder of the savings bank unless:
1022	1022	10 (1) the member or shareholder has authorized
1023	1023	11 disclosure to the person; or
1024	1024	12 (2) the financial records are disclosed in response to
1025	1025	13 a lawful subpoena, summons, warrant, citation to discover
1026	1026	14 assets, or court order that meets the requirements of
1027	1027	15 subsection (e) of this Section.
1028	1028	16 (e) A savings bank shall disclose financial records under
1029	1029	17 subsection (d) of this Section pursuant to a lawful subpoena,
1030	1030	18 summons, warrant, citation to discover assets, or court order
1031	1031	19 only after the savings bank sends a copy of the subpoena,
1032	1032	20 summons, warrant, citation to discover assets, or court order
1033	1033	21 to the person establishing the relationship with the savings
1034	1034	22 bank, if living, and otherwise, the person's personal
1035	1035	23 representative, if known, at the person's last known address
1036	1036	24 by first class mail, postage prepaid, through a third-party
1037	1037	25 commercial carrier or courier with delivery charge fully
1038	1038	26 prepaid, by hand delivery, or by electronic delivery at an
1039	1039
1040	1040
1041	1041
1042	1042
1043	1043
1044	1044	SB1992 - 29 - LRB103 25123 BMS 51460 b
1045	1045
1046	1046
1047	1047	SB1992- 30 -LRB103 25123 BMS 51460 b SB1992 - 30 - LRB103 25123 BMS 51460 b
1048	1048	SB1992 - 30 - LRB103 25123 BMS 51460 b
1049	1049	1 email address on file with the savings bank (if the person
1050	1050	2 establishing the relationship with the savings bank has
1051	1051	3 consented to receive electronic delivery and, if the person
1052	1052	4 establishing the relationship with the savings bank is a
1053	1053	5 consumer, the person has consented under the consumer consent
1054	1054	6 provisions set forth in Section 7001 of Title 15 of the United
1055	1055	7 States Code), unless the savings bank is specifically
1056	1056	8 prohibited from notifying the person by order of court.
1057	1057	9 (f) Any officer or employee of a savings bank who
1058	1058	10 knowingly and willfully furnishes financial records in
1059	1059	11 violation of this Section is guilty of a business offense and,
1060	1060	12 upon conviction, shall be fined not more than $1,000.
1061	1061	13 (g) Any person who knowingly and willfully induces or
1062	1062	14 attempts to induce any officer or employee of a savings bank to
1063	1063	15 disclose financial records in violation of this Section is
1064	1064	16 guilty of a business offense and, upon conviction, shall be
1065	1065	17 fined not more than $1,000.
1066	1066	18 (h) If any member or shareholder desires to communicate
1067	1067	19 with the other members or shareholders of the savings bank
1068	1068	20 with reference to any question pending or to be presented at an
1069	1069	21 annual or special meeting, the savings bank shall give that
1070	1070	22 person, upon request, a statement of the approximate number of
1071	1071	23 members or shareholders entitled to vote at the meeting and an
1072	1072	24 estimate of the cost of preparing and mailing the
1073	1073	25 communication. The requesting member shall submit the
1074	1074	26 communication to the Commissioner who, upon finding it to be
1075	1075
1076	1076
1077	1077
1078	1078
1079	1079
1080	1080	SB1992 - 30 - LRB103 25123 BMS 51460 b
1081	1081
1082	1082
1083	1083	SB1992- 31 -LRB103 25123 BMS 51460 b SB1992 - 31 - LRB103 25123 BMS 51460 b
1084	1084	SB1992 - 31 - LRB103 25123 BMS 51460 b
1085	1085	1 appropriate and truthful, shall direct that it be prepared and
1086	1086	2 mailed to the members upon the requesting member's or
1087	1087	3 shareholder's payment or adequate provision for payment of the
1088	1088	4 expenses of preparation and mailing.
1089	1089	5 (i) A savings bank shall be reimbursed for costs that are
1090	1090	6 necessary and that have been directly incurred in searching
1091	1091	7 for, reproducing, or transporting books, papers, records, or
1092	1092	8 other data of a customer required to be reproduced pursuant to
1093	1093	9 a lawful subpoena, warrant, citation to discover assets, or
1094	1094	10 court order.
1095	1095	11 (j) Notwithstanding the provisions of this Section, a
1096	1096	12 savings bank may sell or otherwise make use of lists of
1097	1097	13 customers' names and addresses. All other information
1098	1098	14 regarding a customer's account is subject to the disclosure
1099	1099	15 provisions of this Section. At the request of any customer,
1100	1100	16 that customer's name and address shall be deleted from any
1101	1101	17 list that is to be sold or used in any other manner beyond
1102	1102	18 identification of the customer's accounts.
1103	1103	19 (Source: P.A. 102-873, eff. 5-13-22.)
1104	1104	20 Section 15. The Illinois Credit Union Act is amended by
1105	1105	21 changing Section 10 as follows:
1106	1106	22 (205 ILCS 305/10) (from Ch. 17, par. 4411)
1107	1107	23 Sec. 10. Credit union records; member financial records.
1108	1108	24 (1) A credit union shall establish and maintain books,
1109	1109
1110	1110
1111	1111
1112	1112
1113	1113
1114	1114	SB1992 - 31 - LRB103 25123 BMS 51460 b
1115	1115
1116	1116
1117	1117	SB1992- 32 -LRB103 25123 BMS 51460 b SB1992 - 32 - LRB103 25123 BMS 51460 b
1118	1118	SB1992 - 32 - LRB103 25123 BMS 51460 b
1119	1119	1 records, accounting systems and procedures which accurately
1120	1120	2 reflect its operations and which enable the Department to
1121	1121	3 readily ascertain the true financial condition of the credit
1122	1122	4 union and whether it is complying with this Act.
1123	1123	5 (2) A photostatic or photographic reproduction of any
1124	1124	6 credit union records shall be admissible as evidence of
1125	1125	7 transactions with the credit union.
1126	1126	8 (3)(a) For the purpose of this Section, the term
1127	1127	9 "financial records" means any original, any copy, or any
1128	1128	10 summary of (1) a document granting signature authority over an
1129	1129	11 account, (2) a statement, ledger card or other record on any
1130	1130	12 account which shows each transaction in or with respect to
1131	1131	13 that account, (3) a check, draft or money order drawn on a
1132	1132	14 financial institution or other entity or issued and payable by
1133	1133	15 or through a financial institution or other entity, or (4) any
1134	1134	16 other item containing information pertaining to any
1135	1135	17 relationship established in the ordinary course of business
1136	1136	18 between a credit union and its member, including financial
1137	1137	19 statements or other financial information provided by the
1138	1138	20 member.
1139	1139	21 (b) This Section does not prohibit:
1140	1140	22 (1) The preparation, examination, handling or
1141	1141	23 maintenance of any financial records by any officer,
1142	1142	24 employee or agent of a credit union having custody of such
1143	1143	25 records, or the examination of such records by a certified
1144	1144	26 public accountant engaged by the credit union to perform
1145	1145
1146	1146
1147	1147
1148	1148
1149	1149
1150	1150	SB1992 - 32 - LRB103 25123 BMS 51460 b
1151	1151
1152	1152
1153	1153	SB1992- 33 -LRB103 25123 BMS 51460 b SB1992 - 33 - LRB103 25123 BMS 51460 b
1154	1154	SB1992 - 33 - LRB103 25123 BMS 51460 b
1155	1155	1 an independent audit.
1156	1156	2 (2) The examination of any financial records by or the
1157	1157	3 furnishing of financial records by a credit union to any
1158	1158	4 officer, employee or agent of the Department, the National
1159	1159	5 Credit Union Administration, Federal Reserve board or any
1160	1160	6 insurer of share accounts for use solely in the exercise
1161	1161	7 of his duties as an officer, employee or agent.
1162	1162	8 (3) The publication of data furnished from financial
1163	1163	9 records relating to members where the data cannot be
1164	1164	10 identified to any particular customer of account.
1165	1165	11 (4) The making of reports or returns required under
1166	1166	12 Chapter 61 of the Internal Revenue Code of 1954.
1167	1167	13 (5) Furnishing information concerning the dishonor of
1168	1168	14 any negotiable instrument permitted to be disclosed under
1169	1169	15 the Uniform Commercial Code.
1170	1170	16 (6) The exchange in the regular course of business of
1171	1171	17 (i) credit information between a credit union and other
1172	1172	18 credit unions or financial institutions or commercial
1173	1173	19 enterprises, directly or through a consumer reporting
1174	1174	20 agency or (ii) financial records or information derived
1175	1175	21 from financial records between a credit union and other
1176	1176	22 credit unions or financial institutions or commercial
1177	1177	23 enterprises for the purpose of conducting due diligence
1178	1178	24 pursuant to a merger or a purchase or sale of assets or
1179	1179	25 liabilities of the credit union.
1180	1180	26 (7) The furnishing of information to the appropriate
1181	1181
1182	1182
1183	1183
1184	1184
1185	1185
1186	1186	SB1992 - 33 - LRB103 25123 BMS 51460 b
1187	1187
1188	1188
1189	1189	SB1992- 34 -LRB103 25123 BMS 51460 b SB1992 - 34 - LRB103 25123 BMS 51460 b
1190	1190	SB1992 - 34 - LRB103 25123 BMS 51460 b
1191	1191	1 law enforcement authorities where the credit union
1192	1192	2 reasonably believes it has been the victim of a crime.
1193	1193	3 (8) The furnishing of information pursuant to the
1194	1194	4 Revised Uniform Unclaimed Property Act.
1195	1195	5 (9) The furnishing of information pursuant to the
1196	1196	6 Illinois Income Tax Act and the Illinois Estate and
1197	1197	7 Generation-Skipping Transfer Tax Act.
1198	1198	8 (10) The furnishing of information pursuant to the
1199	1199	9 federal Currency and Foreign Transactions Reporting Act,
1200	1200	10 Title 31, United States Code, Section 1051 et sequentia.
1201	1201	11 (11) The furnishing of information pursuant to any
1202	1202	12 other statute which by its terms or by regulations
1203	1203	13 promulgated thereunder requires the disclosure of
1204	1204	14 financial records other than by subpoena, summons, warrant
1205	1205	15 or court order.
1206	1206	16 (12) The furnishing of information in accordance with
1207	1207	17 the federal Personal Responsibility and Work Opportunity
1208	1208	18 Reconciliation Act of 1996. Any credit union governed by
1209	1209	19 this Act shall enter into an agreement for data exchanges
1210	1210	20 with a State agency provided the State agency pays to the
1211	1211	21 credit union a reasonable fee not to exceed its actual
1212	1212	22 cost incurred. A credit union providing information in
1213	1213	23 accordance with this item shall not be liable to any
1214	1214	24 account holder or other person for any disclosure of
1215	1215	25 information to a State agency, for encumbering or
1216	1216	26 surrendering any assets held by the credit union in
1217	1217
1218	1218
1219	1219
1220	1220
1221	1221
1222	1222	SB1992 - 34 - LRB103 25123 BMS 51460 b
1223	1223
1224	1224
1225	1225	SB1992- 35 -LRB103 25123 BMS 51460 b SB1992 - 35 - LRB103 25123 BMS 51460 b
1226	1226	SB1992 - 35 - LRB103 25123 BMS 51460 b
1227	1227	1 response to a lien or order to withhold and deliver issued
1228	1228	2 by a State agency, or for any other action taken pursuant
1229	1229	3 to this item, including individual or mechanical errors,
1230	1230	4 provided the action does not constitute gross negligence
1231	1231	5 or willful misconduct. A credit union shall have no
1232	1232	6 obligation to hold, encumber, or surrender assets until it
1233	1233	7 has been served with a subpoena, summons, warrant, court
1234	1234	8 or administrative order, lien, or levy.
1235	1235	9 (13) The furnishing of information to law enforcement
1236	1236	10 authorities, the Illinois Department on Aging and its
1237	1237	11 regional administrative and provider agencies, the
1238	1238	12 Department of Human Services Office of Inspector General,
1239	1239	13 or public guardians: (i) upon subpoena by the
1240	1240	14 investigatory entity or the guardian, or (ii) if there is
1241	1241	15 suspicion by the credit union that a member who is an
1242	1242	16 elderly person or person with a disability has been or may
1243	1243	17 become the victim of financial exploitation. For the
1244	1244	18 purposes of this item (13), the term: (i) "elderly person"
1245	1245	19 means a person who is 60 or more years of age, (ii) "person
1246	1246	20 with a disability" means a person who has or reasonably
1247	1247	21 appears to the credit union to have a physical or mental
1248	1248	22 disability that impairs his or her ability to seek or
1249	1249	23 obtain protection from or prevent financial exploitation,
1250	1250	24 and (iii) "financial exploitation" means tortious or
1251	1251	25 illegal use of the assets or resources of an elderly
1252	1252	26 person or person with a disability, and includes, without
1253	1253
1254	1254
1255	1255
1256	1256
1257	1257
1258	1258	SB1992 - 35 - LRB103 25123 BMS 51460 b
1259	1259
1260	1260
1261	1261	SB1992- 36 -LRB103 25123 BMS 51460 b SB1992 - 36 - LRB103 25123 BMS 51460 b
1262	1262	SB1992 - 36 - LRB103 25123 BMS 51460 b
1263	1263	1 limitation, misappropriation of the elderly or disabled
1264	1264	2 person's assets or resources by undue influence, breach of
1265	1265	3 fiduciary relationship, intimidation, fraud, deception,
1266	1266	4 extortion, or the use of assets or resources in any manner
1267	1267	5 contrary to law. A credit union or person furnishing
1268	1268	6 information pursuant to this item (13) shall be entitled
1269	1269	7 to the same rights and protections as a person furnishing
1270	1270	8 information under the Adult Protective Services Act and
1271	1271	9 the Illinois Domestic Violence Act of 1986.
1272	1272	10 (14) The disclosure of financial records or
1273	1273	11 information as necessary to effect, administer, or enforce
1274	1274	12 a transaction requested or authorized by the member, or in
1275	1275	13 connection with:
1276	1276	14 (A) servicing or processing a financial product or
1277	1277	15 service requested or authorized by the member;
1278	1278	16 (B) maintaining or servicing a member's account
1279	1279	17 with the credit union; or
1280	1280	18 (C) a proposed or actual securitization or
1281	1281	19 secondary market sale (including sales of servicing
1282	1282	20 rights) related to a transaction of a member.
1283	1283	21 Nothing in this item (14), however, authorizes the
1284	1284	22 sale of the financial records or information of a member
1285	1285	23 without the consent of the member.
1286	1286	24 (15) The disclosure of financial records or
1287	1287	25 information as necessary to protect against or prevent
1288	1288	26 actual or potential fraud, unauthorized transactions,
1289	1289
1290	1290
1291	1291
1292	1292
1293	1293
1294	1294	SB1992 - 36 - LRB103 25123 BMS 51460 b
1295	1295
1296	1296
1297	1297	SB1992- 37 -LRB103 25123 BMS 51460 b SB1992 - 37 - LRB103 25123 BMS 51460 b
1298	1298	SB1992 - 37 - LRB103 25123 BMS 51460 b
1299	1299	1 claims, or other liability.
1300	1300	2 (16)(a) The disclosure of financial records or
1301	1301	3 information related to a private label credit program
1302	1302	4 between a financial institution and a private label party
1303	1303	5 in connection with that private label credit program. Such
1304	1304	6 information is limited to outstanding balance, available
1305	1305	7 credit, payment and performance and account history,
1306	1306	8 product references, purchase information, and information
1307	1307	9 related to the identity of the customer.
1308	1308	10 (b)(1) For purposes of this item (16), "private label
1309	1309	11 credit program" means a credit program involving a
1310	1310	12 financial institution and a private label party that is
1311	1311	13 used by a customer of the financial institution and the
1312	1312	14 private label party primarily for payment for goods or
1313	1313	15 services sold, manufactured, or distributed by a private
1314	1314	16 label party.
1315	1315	17 (2) For purposes of this item (16), "private label
1316	1316	18 party" means, with respect to a private label credit
1317	1317	19 program, any of the following: a retailer, a merchant, a
1318	1318	20 manufacturer, a trade group, or any such person's
1319	1319	21 affiliate, subsidiary, member, agent, or service provider.
1320	1320	22 (17)(a) The furnishing of financial records of a
1321	1321	23 member to the Department to aid the Department's initial
1322	1322	24 determination or subsequent re-determination of the
1323	1323	25 member's eligibility for Medicaid and Medicaid long-term
1324	1324	26 care benefits for long-term care services, provided that
1325	1325
1326	1326
1327	1327
1328	1328
1329	1329
1330	1330	SB1992 - 37 - LRB103 25123 BMS 51460 b
1331	1331
1332	1332
1333	1333	SB1992- 38 -LRB103 25123 BMS 51460 b SB1992 - 38 - LRB103 25123 BMS 51460 b
1334	1334	SB1992 - 38 - LRB103 25123 BMS 51460 b
1335	1335	1 the credit union receives the written consent and
1336	1336	2 authorization of the member, which shall:
1337	1337	3 (1) have the member's signature notarized;
1338	1338	4 (2) be signed by at least one witness who
1339	1339	5 certifies that he or she believes the member to be of
1340	1340	6 sound mind and memory;
1341	1341	7 (3) be tendered to the credit union at the
1342	1342	8 earliest practicable time following its execution,
1343	1343	9 certification, and notarization;
1344	1344	10 (4) specifically limit the disclosure of the
1345	1345	11 member's financial records to the Department; and
1346	1346	12 (5) be in substantially the following form:
1347	1347	13 CUSTOMER CONSENT AND AUTHORIZATION
1348	1348	14 FOR RELEASE OF FINANCIAL RECORDS
1349	1349	15 I, ......................................., hereby authorize
1350	1350	16 (Name of Customer)
1351	1351	17 .............................................................
1352	1352	18 (Name of Financial Institution)
1353	1353	19 .............................................................
1354	1354	20 (Address of Financial Institution)
1355	1355	21 to disclose the following financial records:
1356	1356
1357	1357
1358	1358
1359	1359
1360	1360
1361	1361	SB1992 - 38 - LRB103 25123 BMS 51460 b
1362	1362
1363	1363
1364	1364	SB1992- 39 -LRB103 25123 BMS 51460 b SB1992 - 39 - LRB103 25123 BMS 51460 b
1365	1365	SB1992 - 39 - LRB103 25123 BMS 51460 b
1366	1366	1 any and all information concerning my deposit, savings, money
1367	1367	2 market, certificate of deposit, individual retirement,
1368	1368	3 retirement plan, 401(k) plan, incentive plan, employee benefit
1369	1369	4 plan, mutual fund and loan accounts (including, but not
1370	1370	5 limited to, any indebtedness or obligation for which I am a
1371	1371	6 co-borrower, co-obligor, guarantor, or surety), and any and
1372	1372	7 all other accounts in which I have an interest and any other
1373	1373	8 information regarding me in the possession of the Financial
1374	1374	9 Institution,
1375	1375	10 to the Illinois Department of Human Services or the Illinois
1376	1376	11 Department of Healthcare and Family Services, or both ("the
1377	1377	12 Department"), for the following purpose(s):
1378	1378	13 to aid in the initial determination or re-determination by the
1379	1379	14 State of Illinois of my eligibility for Medicaid long-term
1380	1380	15 care benefits, pursuant to applicable law.
1381	1381	16 I understand that this Consent and Authorization may be
1382	1382	17 revoked by me in writing at any time before my financial
1383	1383	18 records, as described above, are disclosed, and that this
1384	1384	19 Consent and Authorization is valid until the Financial
1385	1385	20 Institution receives my written revocation. This Consent and
1386	1386	21 Authorization shall constitute valid authorization for the
1387	1387	22 Department identified above to inspect all such financial
1388	1388
1389	1389
1390	1390
1391	1391
1392	1392
1393	1393	SB1992 - 39 - LRB103 25123 BMS 51460 b
1394	1394
1395	1395
1396	1396	SB1992- 40 -LRB103 25123 BMS 51460 b SB1992 - 40 - LRB103 25123 BMS 51460 b
1397	1397	SB1992 - 40 - LRB103 25123 BMS 51460 b
1398	1398	1 records set forth above, and to request and receive copies of
1399	1399	2 such financial records from the Financial Institution (subject
1400	1400	3 to such records search and reproduction reimbursement policies
1401	1401	4 as the Financial Institution may have in place). An executed
1402	1402	5 copy of this Consent and Authorization shall be sufficient and
1403	1403	6 as good as the original and permission is hereby granted to
1404	1404	7 honor a photostatic or electronic copy of this Consent and
1405	1405	8 Authorization. Disclosure is strictly limited to the
1406	1406	9 Department identified above and no other person or entity
1407	1407	10 shall receive my financial records pursuant to this Consent
1408	1408	11 and Authorization. By signing this form, I agree to indemnify
1409	1409	12 and hold the Financial Institution harmless from any and all
1410	1410	13 claims, demands, and losses, including reasonable attorneys
1411	1411	14 fees and expenses, arising from or incurred in its reliance on
1412	1412	15 this Consent and Authorization. As used herein, "Customer"
1413	1413	16 shall mean "Member" if the Financial Institution is a credit
1414	1414	17 union.
1415	1415	18 ....................... ......................
1416	1416	19 (Date) (Signature of Customer)
1417	1417	20 ......................
1418	1418	21 ......................
1419	1419	22 (Address of Customer)
1420	1420	23 ......................
1421	1421
1422	1422
1423	1423
1424	1424
1425	1425
1426	1426	SB1992 - 40 - LRB103 25123 BMS 51460 b
1427	1427
1428	1428
1429	1429	SB1992- 41 -LRB103 25123 BMS 51460 b SB1992 - 41 - LRB103 25123 BMS 51460 b
1430	1430	SB1992 - 41 - LRB103 25123 BMS 51460 b
1431	1431	1 (Customer's birth date)
1432	1432	2 (month/day/year)
1433	1433	3 The undersigned witness certifies that .................,
1434	1434	4 known to me to be the same person whose name is subscribed as
1435	1435	5 the customer to the foregoing Consent and Authorization,
1436	1436	6 appeared before me and the notary public and acknowledged
1437	1437	7 signing and delivering the instrument as his or her free and
1438	1438	8 voluntary act for the uses and purposes therein set forth. I
1439	1439	9 believe him or her to be of sound mind and memory. The
1440	1440	10 undersigned witness also certifies that the witness is not an
1441	1441	11 owner, operator, or relative of an owner or operator of a
1442	1442	12 long-term care facility in which the customer is a patient or
1443	1443	13 resident.
1444	1444	14 Dated: ................. ......................
1445	1445	15 (Signature of Witness)
1446	1446	16 ......................
1447	1447	17 (Print Name of Witness)
1448	1448	18 ......................
1449	1449	19 ......................
1450	1450	20 (Address of Witness)
1451	1451	21 State of Illinois)
1452	1452
1453	1453
1454	1454
1455	1455
1456	1456
1457	1457	SB1992 - 41 - LRB103 25123 BMS 51460 b
1458	1458
1459	1459
1460	1460	SB1992- 42 -LRB103 25123 BMS 51460 b SB1992 - 42 - LRB103 25123 BMS 51460 b
1461	1461	SB1992 - 42 - LRB103 25123 BMS 51460 b
1462	1462	1 ) ss.
1463	1463	2 County of .......)
1464	1464	3 The undersigned, a notary public in and for the above county
1465	1465	4 and state, certifies that .........., known to me to be the
1466	1466	5 same person whose name is subscribed as the customer to the
1467	1467	6 foregoing Consent and Authorization, appeared before me
1468	1468	7 together with the witness, .........., in person and
1469	1469	8 acknowledged signing and delivering the instrument as the free
1470	1470	9 and voluntary act of the customer for the uses and purposes
1471	1471	10 therein set forth.
1472	1472	11 Dated:.......................................................
1473	1473	12 Notary Public:...............................................
1474	1474	13 My commission expires:.......................................
1475	1475	14 (b) In no event shall the credit union distribute the
1476	1476	15 member's financial records to the long-term care facility
1477	1477	16 from which the member seeks initial or continuing
1478	1478	17 residency or long-term care services.
1479	1479	18 (c) A credit union providing financial records of a
1480	1480	19 member in good faith relying on a consent and
1481	1481	20 authorization executed and tendered in accordance with
1482	1482	21 this item (17) shall not be liable to the member or any
1483	1483	22 other person in relation to the credit union's disclosure
1484	1484	23 of the member's financial records to the Department. The
1485	1485
1486	1486
1487	1487
1488	1488
1489	1489
1490	1490	SB1992 - 42 - LRB103 25123 BMS 51460 b
1491	1491
1492	1492
1493	1493	SB1992- 43 -LRB103 25123 BMS 51460 b SB1992 - 43 - LRB103 25123 BMS 51460 b
1494	1494	SB1992 - 43 - LRB103 25123 BMS 51460 b
1495	1495	1 member signing the consent and authorization shall
1496	1496	2 indemnify and hold the credit union harmless that relies
1497	1497	3 in good faith upon the consent and authorization and
1498	1498	4 incurs a loss because of such reliance. The credit union
1499	1499	5 recovering under this indemnification provision shall also
1500	1500	6 be entitled to reasonable attorney's fees and the expenses
1501	1501	7 of recovery.
1502	1502	8 (d) A credit union shall be reimbursed by the member
1503	1503	9 for all costs reasonably necessary and directly incurred
1504	1504	10 in searching for, reproducing, and disclosing a member's
1505	1505	11 financial records required or requested to be produced
1506	1506	12 pursuant to any consent and authorization executed under
1507	1507	13 this item (17). The requested financial records shall be
1508	1508	14 delivered to the Department within 10 days after receiving
1509	1509	15 a properly executed consent and authorization or at the
1510	1510	16 earliest practicable time thereafter if the requested
1511	1511	17 records cannot be delivered within 10 days, but delivery
1512	1512	18 may be delayed until the final reimbursement of all costs
1513	1513	19 is received by the credit union. The credit union may
1514	1514	20 honor a photostatic or electronic copy of a properly
1515	1515	21 executed consent and authorization.
1516	1516	22 (e) Nothing in this item (17) shall impair, abridge,
1517	1517	23 or abrogate the right of a member to:
1518	1518	24 (1) directly disclose his or her financial records
1519	1519	25 to the Department or any other person; or
1520	1520	26 (2) authorize his or her attorney or duly
1521	1521
1522	1522
1523	1523
1524	1524
1525	1525
1526	1526	SB1992 - 43 - LRB103 25123 BMS 51460 b
1527	1527
1528	1528
1529	1529	SB1992- 44 -LRB103 25123 BMS 51460 b SB1992 - 44 - LRB103 25123 BMS 51460 b
1530	1530	SB1992 - 44 - LRB103 25123 BMS 51460 b
1531	1531	1 appointed agent to request and obtain the member's
1532	1532	2 financial records and disclose those financial records
1533	1533	3 to the Department.
1534	1534	4 (f) For purposes of this item (17), "Department" means
1535	1535	5 the Department of Human Services and the Department of
1536	1536	6 Healthcare and Family Services or any successor
1537	1537	7 administrative agency of either agency.
1538	1538	8 (18) The furnishing of the financial records of a
1539	1539	9 member to an appropriate law enforcement authority,
1540	1540	10 without prior notice to or consent of the member, upon
1541	1541	11 written request of the law enforcement authority, when
1542	1542	12 reasonable suspicion of an imminent threat to the personal
1543	1543	13 security and safety of the member exists that necessitates
1544	1544	14 an expedited release of the member's financial records, as
1545	1545	15 determined by the law enforcement authority. The law
1546	1546	16 enforcement authority shall include a brief explanation of
1547	1547	17 the imminent threat to the member in its written request
1548	1548	18 to the credit union. The written request shall reflect
1549	1549	19 that it has been authorized by a supervisory or managerial
1550	1550	20 official of the law enforcement authority. The decision to
1551	1551	21 furnish the financial records of a member to a law
1552	1552	22 enforcement authority shall be made by a supervisory or
1553	1553	23 managerial official of the credit union. A credit union
1554	1554	24 providing information in accordance with this item (18)
1555	1555	25 shall not be liable to the member or any other person for
1556	1556	26 the disclosure of the information to the law enforcement
1557	1557
1558	1558
1559	1559
1560	1560
1561	1561
1562	1562	SB1992 - 44 - LRB103 25123 BMS 51460 b
1563	1563
1564	1564
1565	1565	SB1992- 45 -LRB103 25123 BMS 51460 b SB1992 - 45 - LRB103 25123 BMS 51460 b
1566	1566	SB1992 - 45 - LRB103 25123 BMS 51460 b
1567	1567	1 authority.
1568	1568	2 (19) The furnishing of financial information to the
1569	1569	3 executor, executrix, administrator, or other lawful
1570	1570	4 representative of the estate of a member.
1571	1571	5 (c) Except as otherwise provided by this Act, a credit
1572	1572	6 union may not disclose to any person, except to the member or
1573	1573	7 his duly authorized agent, any financial records relating to
1574	1574	8 that member of the credit union unless:
1575	1575	9 (1) the member has authorized disclosure to the
1576	1576	10 person;
1577	1577	11 (2) the financial records are disclosed in response to
1578	1578	12 a lawful subpoena, summons, warrant, citation to discover
1579	1579	13 assets, or court order that meets the requirements of
1580	1580	14 subparagraph (3)(d) of this Section; or
1581	1581	15 (3) the credit union is attempting to collect an
1582	1582	16 obligation owed to the credit union and the credit union
1583	1583	17 complies with the provisions of Section 2I of the Consumer
1584	1584	18 Fraud and Deceptive Business Practices Act.
1585	1585	19 (d) A credit union shall disclose financial records under
1586	1586	20 item (3)(c)(2) of this Section pursuant to a lawful subpoena,
1587	1587	21 summons, warrant, citation to discover assets, or court order
1588	1588	22 only after the credit union sends a copy of the subpoena,
1589	1589	23 summons, warrant, citation to discover assets, or court order
1590	1590	24 to the person establishing the relationship with the credit
1591	1591	25 union, if living, and otherwise the person's personal
1592	1592	26 representative, if known, at the person's last known address
1593	1593
1594	1594
1595	1595
1596	1596
1597	1597
1598	1598	SB1992 - 45 - LRB103 25123 BMS 51460 b
1599	1599
1600	1600
1601	1601	SB1992- 46 -LRB103 25123 BMS 51460 b SB1992 - 46 - LRB103 25123 BMS 51460 b
1602	1602	SB1992 - 46 - LRB103 25123 BMS 51460 b
1603	1603	1 by first class mail, postage prepaid, through a third-party
1604	1604	2 commercial carrier or courier with delivery charge fully
1605	1605	3 prepaid, by hand delivery, or by electronic delivery at an
1606	1606	4 email address on file with the credit union (if the person
1607	1607	5 establishing the relationship with the credit union has
1608	1608	6 consented to receive electronic delivery and, if the person
1609	1609	7 establishing the relationship with the credit union is a
1610	1610	8 consumer, the person has consented under the consumer consent
1611	1611	9 provisions set forth in Section 7001 of Title 15 of the United
1612	1612	10 States Code), unless the credit union is specifically
1613	1613	11 prohibited from notifying the person by order of court or by
1614	1614	12 applicable State or federal law. In the case of a grand jury
1615	1615	13 subpoena, a credit union shall not mail a copy of a subpoena to
1616	1616	14 any person pursuant to this subsection if the subpoena was
1617	1617	15 issued by a grand jury under the Statewide Grand Jury Act or
1618	1618	16 notifying the person would constitute a violation of the
1619	1619	17 federal Right to Financial Privacy Act of 1978.
1620	1620	18 (e)(1) Any officer or employee of a credit union who
1621	1621	19 knowingly and willfully furnishes financial records in
1622	1622	20 violation of this Section is guilty of a business offense and
1623	1623	21 upon conviction thereof shall be fined not more than $1,000.
1624	1624	22 (2) Any person who knowingly and willfully induces or
1625	1625	23 attempts to induce any officer or employee of a credit union to
1626	1626	24 disclose financial records in violation of this Section is
1627	1627	25 guilty of a business offense and upon conviction thereof shall
1628	1628	26 be fined not more than $1,000.
1629	1629
1630	1630
1631	1631
1632	1632
1633	1633
1634	1634	SB1992 - 46 - LRB103 25123 BMS 51460 b
1635	1635
1636	1636
1637	1637	SB1992- 47 -LRB103 25123 BMS 51460 b SB1992 - 47 - LRB103 25123 BMS 51460 b
1638	1638	SB1992 - 47 - LRB103 25123 BMS 51460 b
1639	1639	1 (f) A credit union shall be reimbursed for costs which are
1640	1640	2 reasonably necessary and which have been directly incurred in
1641	1641	3 searching for, reproducing or transporting books, papers,
1642	1642	4 records or other data of a member required or requested to be
1643	1643	5 produced pursuant to a lawful subpoena, summons, warrant,
1644	1644	6 citation to discover assets, or court order. The Secretary and
1645	1645	7 the Director may determine, by rule, the rates and conditions
1646	1646	8 under which payment shall be made. Delivery of requested
1647	1647	9 documents may be delayed until final reimbursement of all
1648	1648	10 costs is received.
1649	1649	11 (Source: P.A. 101-81, eff. 7-12-19; 102-873, eff. 5-13-22.)
1650	1650	12 Section 20. The Illinois Trust and Payable on Death
1651	1651	13 Accounts Act is amended by changing Section 4 as follows:
1652	1652	14 (205 ILCS 625/4) (from Ch. 17, par. 2134)
1653	1653	15 Sec. 4. Payable on Death Account Incidents. If one or more
1654	1654	16 persons opening or holding an account sign an agreement with
1655	1655	17 the institution providing that on the death of the last
1656	1656	18 surviving person designated as holder the account shall be
1657	1657	19 paid to or held by one or more designated beneficiaries, the
1658	1658	20 account, and any balance therein which exists from time to
1659	1659	21 time, shall be held as a payment on death account and unless
1660	1660	22 otherwise agreed in writing between the person or persons
1661	1661	23 opening or holding the account and the institution:
1662	1662	24 (a) Any holder during his or her lifetime may change any of
1663	1663
1664	1664
1665	1665
1666	1666
1667	1667
1668	1668	SB1992 - 47 - LRB103 25123 BMS 51460 b
1669	1669
1670	1670
1671	1671	SB1992- 48 -LRB103 25123 BMS 51460 b SB1992 - 48 - LRB103 25123 BMS 51460 b
1672	1672	SB1992 - 48 - LRB103 25123 BMS 51460 b
1673	1673	1 the designated beneficiaries to own the account at the death
1674	1674	2 of the last surviving holder without the knowledge or consent
1675	1675	3 of any other holder or the designated beneficiaries by a
1676	1676	4 written instrument accepted by the institution;
1677	1677	5 (b) Any holder may make additional deposits to and
1678	1678	6 withdraw any part or all of the account at any time without the
1679	1679	7 knowledge or consent of any other holder or the designated
1680	1680	8 beneficiaries to own the account at the death of the last
1681	1681	9 surviving holder, subject to the bylaws and regulations of the
1682	1682	10 institution, and all withdrawals shall constitute a revocation
1683	1683	11 of the agreement as to the amount withdrawn; and
1684	1684	12 (c) Upon the death of the last surviving holder of the
1685	1685	13 account, the beneficiary designated to be the owner of the
1686	1686	14 account (i) who is then living, if the beneficiary is a natural
1687	1687	15 person, or (ii) that maintains a lawful existence under the
1688	1688	16 state or federal authority pursuant to which it was organized,
1689	1689	17 if the beneficiary is not a natural person, shall be the sole
1690	1690	18 owner of the account. If , unless more than one beneficiary is
1691	1691	19 so designated and then living or in existence, then in which
1692	1692	20 case those beneficiaries shall hold the account in equal
1693	1693	21 shares as tenants in common with no right of survivorship as
1694	1694	22 between those beneficiaries; and .
1695	1695	23 (d) Notwithstanding anything to the contrary in subsection
1696	1696	24 (c), any holder of the account may elect a per stirpes
1697	1697	25 distribution option to the descendants of a natural person
1698	1698	26 beneficiary if the beneficiary predeceases the last surviving
1699	1699
1700	1700
1701	1701
1702	1702
1703	1703
1704	1704	SB1992 - 48 - LRB103 25123 BMS 51460 b
1705	1705
1706	1706
1707	1707	SB1992- 49 -LRB103 25123 BMS 51460 b SB1992 - 49 - LRB103 25123 BMS 51460 b
1708	1708	SB1992 - 49 - LRB103 25123 BMS 51460 b
1709	1709	1 holder of the account. The institution may rely on the account
1710	1710	2 holder's written representation of the identity of the
1711	1711	3 descendants of each beneficiary living at the time of the
1712	1712	4 beneficiary designation. The institution may also rely on an
1713	1713	5 affidavit executed by a natural person beneficiary or
1714	1714	6 descendant of a natural person beneficiary of the last
1715	1715	7 surviving holder of the account upon or after the death of the
1716	1716	8 account holder that identifies the descendants of any
1717	1717	9 predeceased natural person beneficiary. The total percentage
1718	1718	10 of the account to be distributed to all beneficiaries upon the
1719	1719	11 death of the last surviving holder of the account must equal
1720	1720	12 100%. If no beneficiary designated as the owner of the account
1721	1721	13 on the death of the last surviving holder is then living or in
1722	1722	14 existence, or if no descendant of a natural person beneficiary
1723	1723	15 is then living and a per stirpes distribution has been
1724	1724	16 selected, then the proceeds shall vest in the estate of the
1725	1725	17 last surviving holder of the account.
1726	1726	18 (Source: P.A. 96-1151, eff. 7-21-10.)
1727	1727	19 Section 25. The Financial Institutions Electronic
1728	1728	20 Documents and Digital Signature Act is amended by changing
1729	1729	21 Section 10 as follows:
1730	1730	22 (205 ILCS 705/10)
1731	1731	23 Sec. 10. Electronic documents; digital signatures;
1732	1732	24 electronic notices.
1733	1733
1734	1734
1735	1735
1736	1736
1737	1737
1738	1738	SB1992 - 49 - LRB103 25123 BMS 51460 b
1739	1739
1740	1740
1741	1741	SB1992- 50 -LRB103 25123 BMS 51460 b SB1992 - 50 - LRB103 25123 BMS 51460 b
1742	1742	SB1992 - 50 - LRB103 25123 BMS 51460 b
1743	1743	1 (a) Electronic documents. If in the regular course of
1744	1744	2 business, a financial institution possesses, records, or
1745	1745	3 generates any document, representation, image, substitute
1746	1746	4 check, reproduction, or combination thereof, of any agreement,
1747	1747	5 transaction, act, occurrence, or event by any electronic or
1748	1748	6 computer-generated process that accurately reproduces,
1749	1749	7 comprises, or records the agreement, transaction, act,
1750	1750	8 occurrence, or event, the recording, comprising, or
1751	1751	9 reproduction shall have the same force and effect under the
1752	1752	10 laws of this State as one comprised, recorded, or created on
1753	1753	11 paper or other tangible form by writing, typing, printing, or
1754	1754	12 similar means.
1755	1755	13 (b) Digital signatures. In any communication,
1756	1756	14 acknowledgement, agreement, or contract between a financial
1757	1757	15 institution and its customer, in which a signature is required
1758	1758	16 or used, any party to the communication, acknowledgement,
1759	1759	17 agreement, or contract may affix a signature by use of a
1760	1760	18 digital signature, and the digital signature, when lawfully
1761	1761	19 used by the person whose signature it purports to be, shall
1762	1762	20 have the same force and effect as the use of a manual signature
1763	1763	21 if it is unique to the person using it, is capable of
1764	1764	22 verification, is under the sole control of the person using
1765	1765	23 it, and is linked to data in such a manner that if the data are
1766	1766	24 changed, the digital signature is invalidated. Nothing in this
1767	1767	25 Section shall require any financial institution or customer to
1768	1768	26 use or permit the use of a digital signature.
1769	1769
1770	1770
1771	1771
1772	1772
1773	1773
1774	1774	SB1992 - 50 - LRB103 25123 BMS 51460 b
1775	1775
1776	1776
1777	1777	SB1992- 51 -LRB103 25123 BMS 51460 b SB1992 - 51 - LRB103 25123 BMS 51460 b
1778	1778	SB1992 - 51 - LRB103 25123 BMS 51460 b
1779	1779	1 (c) Electronic notices.
1780	1780	2 (1) Consent to electronic records. If a statute,
1781	1781	3 regulation, or other rule of law requires that information
1782	1782	4 relating to a transaction or transactions in or affecting
1783	1783	5 intrastate commerce in this State be provided or made
1784	1784	6 available by a financial institution to a consumer in
1785	1785	7 writing, the use of an electronic record to provide or
1786	1786	8 make available that information satisfies the requirement
1787	1787	9 that the information be in writing if:
1788	1788	10 (A) the consumer has affirmatively consented to
1789	1789	11 the use of an electronic record to provide or make
1790	1790	12 available that information and has not withdrawn
1791	1791	13 consent;
1792	1792	14 (B) the consumer, prior to consenting, is provided
1793	1793	15 with a clear and conspicuous statement:
1794	1794	16 (i) informing the consumer of:
1795	1795	17 (I) any right or option of the consumer to
1796	1796	18 have the record provided or made available on
1797	1797	19 paper or in nonelectronic form, and
1798	1798	20 (II) the right of the consumer to withdraw
1799	1799	21 the consent to have the record provided or
1800	1800	22 made available in an electronic form and of
1801	1801	23 any conditions, consequences (which may
1802	1802	24 include termination of the parties'
1803	1803	25 relationship), or fees in the event of a
1804	1804	26 withdrawal of consent;
1805	1805
1806	1806
1807	1807
1808	1808
1809	1809
1810	1810	SB1992 - 51 - LRB103 25123 BMS 51460 b
1811	1811
1812	1812
1813	1813	SB1992- 52 -LRB103 25123 BMS 51460 b SB1992 - 52 - LRB103 25123 BMS 51460 b
1814	1814	SB1992 - 52 - LRB103 25123 BMS 51460 b
1815	1815	1 (ii) informing the consumer of whether the
1816	1816	2 consent applies:
1817	1817	3 (I) only to the particular transaction
1818	1818	4 that gave rise to the obligation to provide
1819	1819	5 the record, or
1820	1820	6 (II) to identified categories of records
1821	1821	7 that may be provided or made available during
1822	1822	8 the course of the parties' relationship;
1823	1823	9 (iii) describing the procedures the consumer
1824	1824	10 must use to withdraw consent, as provided in
1825	1825	11 clause (i), and to update information needed to
1826	1826	12 contact the consumer electronically; and
1827	1827	13 (iv) informing the consumer:
1828	1828	14 (I) how, after the consent, the consumer
1829	1829	15 may, upon request, obtain a paper copy of an
1830	1830	16 electronic record, and
1831	1831	17 (II) whether any fee will be charged for a
1832	1832	18 paper copy;
1833	1833	19 (C) the consumer:
1834	1834	20 (i) prior to consenting, is provided with a
1835	1835	21 statement of the hardware and software
1836	1836	22 requirements for access to and retention of the
1837	1837	23 electronic records; and
1838	1838	24 (ii) consents electronically, or confirms his
1839	1839	25 or her consent electronically, in a manner that
1840	1840	26 reasonably demonstrates that the consumer can
1841	1841
1842	1842
1843	1843
1844	1844
1845	1845
1846	1846	SB1992 - 52 - LRB103 25123 BMS 51460 b
1847	1847
1848	1848
1849	1849	SB1992- 53 -LRB103 25123 BMS 51460 b SB1992 - 53 - LRB103 25123 BMS 51460 b
1850	1850	SB1992 - 53 - LRB103 25123 BMS 51460 b
1851	1851	1 access information in the electronic form that
1852	1852	2 will be used to provide the information that is
1853	1853	3 the subject of the consent; and
1854	1854	4 (D) after the consent of a consumer in accordance
1855	1855	5 with subparagraph (A), if a change in the hardware or
1856	1856	6 software requirements needed to access or retain
1857	1857	7 electronic records creates a material risk that the
1858	1858	8 consumer will not be able to access or retain a
1859	1859	9 subsequent electronic record that was the subject of
1860	1860	10 the consent, the person providing the electronic
1861	1861	11 record:
1862	1862	12 (i) provides the consumer with a statement of:
1863	1863	13 (I) the revised hardware and software
1864	1864	14 requirements for access to and retention of
1865	1865	15 the electronic records, and
1866	1866	16 (II) the right to withdraw consent without
1867	1867	17 the imposition of any fees for the withdrawal
1868	1868	18 and without the imposition of any condition or
1869	1869	19 consequence that was not disclosed under
1870	1870	20 subparagraph (B)(i); and
1871	1871	21 (ii) again complies with subparagraph (C).
1872	1872	22 (2) Other rights.
1873	1873	23 (A) Preservation of consumer protections. Nothing
1874	1874	24 in this subsection (c) affects the content or timing
1875	1875	25 of any disclosure or other record required to be
1876	1876	26 provided or made available to any consumer under any
1877	1877
1878	1878
1879	1879
1880	1880
1881	1881
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1883	1883
1884	1884
1885	1885	SB1992- 54 -LRB103 25123 BMS 51460 b SB1992 - 54 - LRB103 25123 BMS 51460 b
1886	1886	SB1992 - 54 - LRB103 25123 BMS 51460 b
1887	1887	1 statute, regulation, or other rule of law.
1888	1888	2 (B) Verification or acknowledgment. If a law that
1889	1889	3 was enacted prior to this amendatory Act of the 95th
1890	1890	4 General Assembly expressly requires a record to be
1891	1891	5 provided or made available by a specified method that
1892	1892	6 requires verification or acknowledgment of receipt,
1893	1893	7 the record may be provided or made available
1894	1894	8 electronically only if the method used provides the
1895	1895	9 required verification or acknowledgment of receipt.
1896	1896	10 (2.5) Consent to electronic transactions given by the
1897	1897	11 customer pursuant to the federal Electronic Signatures in
1898	1898	12 Global and National Commerce Act, 15 U.S.C. 7001, shall
1899	1899	13 satisfy the consent requirements of this Act.
1900	1900	14 (3) Effect of failure to obtain electronic consent or
1901	1901	15 confirmation of consent. The legal effectiveness,
1902	1902	16 validity, or enforceability of any contract executed by a
1903	1903	17 consumer shall not be denied solely because of the failure
1904	1904	18 to obtain electronic consent or confirmation of consent by
1905	1905	19 that consumer in accordance with paragraph (1)(C)(ii).
1906	1906	20 (4) Prospective effect. Withdrawal of consent by a
1907	1907	21 consumer shall not affect the legal effectiveness,
1908	1908	22 validity, or enforceability of electronic records provided
1909	1909	23 or made available to that consumer in accordance with
1910	1910	24 paragraph (1) prior to implementation of the consumer's
1911	1911	25 withdrawal of consent. A consumer's withdrawal of consent
1912	1912	26 shall be effective within a reasonable period of time
1913	1913
1914	1914
1915	1915
1916	1916
1917	1917
1918	1918	SB1992 - 54 - LRB103 25123 BMS 51460 b
1919	1919
1920	1920
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1922	1922	SB1992 - 55 - LRB103 25123 BMS 51460 b
1923	1923	1 after receipt of the withdrawal by the provider of the
1924	1924	2 record. Failure to comply with paragraph (1)(D) may, at
1925	1925	3 the election of the consumer, be treated as a withdrawal
1926	1926	4 of consent for purposes of this paragraph.
1927	1927	5 (5) Prior consent. This subsection does not apply to
1928	1928	6 any records that are provided or made available to a
1929	1929	7 consumer who has consented prior to the effective date of
1930	1930	8 this amendatory Act of the 95th General Assembly to
1931	1931	9 receive the records in electronic form as permitted by any
1932	1932	10 statute, regulation, or other rule of law.
1933	1933	11 (6) Oral communications. An oral communication or a
1934	1934	12 recording of an oral communication shall not qualify as an
1935	1935	13 electronic record for purposes of this subsection (c),
1936	1936	14 except as otherwise provided under applicable law.
1937	1937	15 (Source: P.A. 94-458, eff. 8-4-05; 95-77, eff. 8-13-07.)
1938	1938	16 Section 30. The Probate Act of 1975 is amended by changing
1939	1939	17 Section 6-15 as follows:
1940	1940	18 (755 ILCS 5/6-15) (from Ch. 110 1/2, par. 6-15)
1941	1941	19 Sec. 6-15. Executor to administer all estate of decedent.)
1942	1942	20 (a) The executor or the administrator with the will
1943	1943	21 annexed shall administer all the testate and intestate estate
1944	1944	22 of the decedent.
1945	1945	23 (b) Any person doing business or performing transactions
1946	1946	24 on behalf of or at the direction of an executor or
1947	1947
1948	1948
1949	1949
1950	1950
1951	1951
1952	1952	SB1992 - 55 - LRB103 25123 BMS 51460 b
1953	1953
1954	1954
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1956	1956	SB1992 - 56 - LRB103 25123 BMS 51460 b
1957	1957	1 administrator with the will annexed shall be entitled to the
1958	1958	2 presumption that the executor or administrator with the will
1959	1959	3 annexed is lawfully authorized to conduct the business or
1960	1960	4 perform the transaction without such person investigating the
1961	1961	5 source of the authority and without verifying that the actions
1962	1962	6 of the executor or administrator with the will annexed comply
1963	1963	7 with a will or any order of the probate court, unless such
1964	1964	8 person has actual knowledge to the contrary.
1965	1965	9 (Source: P.A. 79-328.)
1966	1966
1967	1967
1968	1968
1969	1969
1970	1970
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