Illinois 2025-2026 Regular Session

Illinois Senate Bill SB1777 Compare Versions

Version 1 (Old)

Version 2 (New)

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1		-	SB1777 EngrossedLRB104 09558 JRC 19621 b SB1777 Engrossed LRB104 09558 JRC 19621 b
2		-	SB1777 Engrossed LRB104 09558 JRC 19621 b
	1	+	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1777 Introduced 2/5/2025, by Sen. Mark L. Walker SYNOPSIS AS INTRODUCED: See Index 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 and the Illinois Credit Union Act to make the same changes. Amends the Illinois Credit Union Act. 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 under the federal Electronic Signatures in Global and National Commerce Act satisfies 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 is entitled to the presumption that the executor or administrator is lawfully authorized to conduct the business or perform the transaction as long as the person verifies that the letters testamentary or administration was issued by the court solely to the executor or administrator. Provides that if the letters testamentary or administration with the will annexed provide for co-executors or co-administrators, the person is entitled to the presumption only when the business or transaction is performed on behalf or at the direction of all listed executors or administrators in the letters. Provides that any person, corporation, or financial institution that conducts business or performs transactions on behalf of or at the direction of an executor or administrator with the will annexed is fully protected and released from liability if the person bases the presumption on the verification of the letters testamentary or administration with the will annexed. LRB104 09558 JRC 19621 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1777 Introduced 2/5/2025, by Sen. Mark L. Walker SYNOPSIS AS INTRODUCED: See Index See Index 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 and the Illinois Credit Union Act to make the same changes. Amends the Illinois Credit Union Act. 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 under the federal Electronic Signatures in Global and National Commerce Act satisfies 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 is entitled to the presumption that the executor or administrator is lawfully authorized to conduct the business or perform the transaction as long as the person verifies that the letters testamentary or administration was issued by the court solely to the executor or administrator. Provides that if the letters testamentary or administration with the will annexed provide for co-executors or co-administrators, the person is entitled to the presumption only when the business or transaction is performed on behalf or at the direction of all listed executors or administrators in the letters. Provides that any person, corporation, or financial institution that conducts business or performs transactions on behalf of or at the direction of an executor or administrator with the will annexed is fully protected and released from liability if the person bases the presumption on the verification of the letters testamentary or administration with the will annexed. LRB104 09558 JRC 19621 b LRB104 09558 JRC 19621 b A BILL FOR
	2	+	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1777 Introduced 2/5/2025, by Sen. Mark L. Walker SYNOPSIS AS INTRODUCED:
	3	+	See Index See Index
	4	+	See Index
	5	+	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 and the Illinois Credit Union Act to make the same changes. Amends the Illinois Credit Union Act. 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 under the federal Electronic Signatures in Global and National Commerce Act satisfies 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 is entitled to the presumption that the executor or administrator is lawfully authorized to conduct the business or perform the transaction as long as the person verifies that the letters testamentary or administration was issued by the court solely to the executor or administrator. Provides that if the letters testamentary or administration with the will annexed provide for co-executors or co-administrators, the person is entitled to the presumption only when the business or transaction is performed on behalf or at the direction of all listed executors or administrators in the letters. Provides that any person, corporation, or financial institution that conducts business or performs transactions on behalf of or at the direction of an executor or administrator with the will annexed is fully protected and released from liability if the person bases the presumption on the verification of the letters testamentary or administration with the will annexed.
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3	11		1 AN ACT concerning finances.
4	12		2 Be it enacted by the People of the State of Illinois,
5	13		3 represented in the General Assembly:
6	14		4 Section 5. The Illinois Banking Act is amended by changing
7	15		5 Section 48.1 as follows:
8	16		6 (205 ILCS 5/48.1) (from Ch. 17, par. 360)
9	17		7 Sec. 48.1. Customer financial records; confidentiality.
10	18		8 (a) For the purpose of this Section, the term "financial
11	19		9 records" means any original, any copy, or any summary of:
12	20		10 (1) a document granting signature authority over a
13	21		11 deposit or account;
14	22		12 (2) a statement, ledger card or other record on any
15	23		13 deposit or account, which shows each transaction in or
16	24		14 with respect to that account;
17	25		15 (3) a check, draft or money order drawn on a bank or
18	26		16 issued and payable by a bank; or
19	27		17 (4) any other item containing information pertaining
20	28		18 to any relationship established in the ordinary course of
21	29		19 a bank's business between a bank and its customer,
22	30		20 including financial statements or other financial
23	31		21 information provided by the customer.
24	32		22 (b) This Section does not prohibit:
25	33		23 (1) The preparation, examination, handling or
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	37	+	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB1777 Introduced 2/5/2025, by Sen. Mark L. Walker SYNOPSIS AS INTRODUCED:
	38	+	See Index See Index
	39	+	See Index
	40	+	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 and the Illinois Credit Union Act to make the same changes. Amends the Illinois Credit Union Act. 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 under the federal Electronic Signatures in Global and National Commerce Act satisfies 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 is entitled to the presumption that the executor or administrator is lawfully authorized to conduct the business or perform the transaction as long as the person verifies that the letters testamentary or administration was issued by the court solely to the executor or administrator. Provides that if the letters testamentary or administration with the will annexed provide for co-executors or co-administrators, the person is entitled to the presumption only when the business or transaction is performed on behalf or at the direction of all listed executors or administrators in the letters. Provides that any person, corporation, or financial institution that conducts business or performs transactions on behalf of or at the direction of an executor or administrator with the will annexed is fully protected and released from liability if the person bases the presumption on the verification of the letters testamentary or administration with the will annexed.
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	43	+	A BILL FOR
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	49	+	See Index
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34	68		1 maintenance of any financial records by any officer,
35	69		2 employee or agent of a bank having custody of the records,
36	70		3 or the examination of the records by a certified public
37	71		4 accountant engaged by the bank to perform an independent
38	72		5 audit.
39	73		6 (2) The examination of any financial records by, or
40	74		7 the furnishing of financial records by a bank to, any
41	75		8 officer, employee or agent of (i) the Commissioner of
42	76		9 Banks and Real Estate, (ii) after May 31, 1997, a state
43	77		10 regulatory authority authorized to examine a branch of a
44	78		11 State bank located in another state, (iii) the Comptroller
45	79		12 of the Currency, (iv) the Federal Reserve Board, or (v)
46	80		13 the Federal Deposit Insurance Corporation for use solely
47	81		14 in the exercise of his duties as an officer, employee, or
48	82		15 agent.
49	83		16 (3) The publication of data furnished from financial
50	84		17 records relating to customers where the data cannot be
51	85		18 identified to any particular customer or account.
52	86		19 (4) The making of reports or returns required under
53	87		20 Chapter 61 of the Internal Revenue Code of 1986.
54	88		21 (5) Furnishing information concerning the dishonor of
55	89		22 any negotiable instrument permitted to be disclosed under
56	90		23 the Uniform Commercial Code.
57	91		24 (6) The exchange in the regular course of business of
58	92		25 (i) credit information between a bank and other banks or
59	93		26 financial institutions or commercial enterprises, directly
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70	104		1 or through a consumer reporting agency or (ii) financial
71	105		2 records or information derived from financial records
72	106		3 between a bank and other banks or financial institutions
73	107		4 or commercial enterprises for the purpose of conducting
74	108		5 due diligence pursuant to a purchase or sale involving the
75	109		6 bank or assets or liabilities of the bank.
76	110		7 (7) The furnishing of information to the appropriate
77	111		8 law enforcement authorities where the bank reasonably
78	112		9 believes it has been the victim of a crime.
79	113		10 (8) The furnishing of information under the Revised
80	114		11 Uniform Unclaimed Property Act.
81	115		12 (9) The furnishing of information under the Illinois
82	116		13 Income Tax Act and the Illinois Estate and
83	117		14 Generation-Skipping Transfer Tax Act.
84	118		15 (10) The furnishing of information under the federal
85	119		16 Currency and Foreign Transactions Reporting Act Title 31,
86	120		17 United States Code, Section 1051 et seq.
87	121		18 (11) The furnishing of information under any other
88	122		19 statute that by its terms or by regulations promulgated
89	123		20 thereunder requires the disclosure of financial records
90	124		21 other than by subpoena, summons, warrant, or court order.
91	125		22 (12) The furnishing of information about the existence
92	126		23 of an account of a person to a judgment creditor of that
93	127		24 person who has made a written request for that
94	128		25 information.
95	129		26 (13) The exchange in the regular course of business of
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106	140		1 information between commonly owned banks in connection
107	141		2 with a transaction authorized under paragraph (23) of
108	142		3 Section 5 and conducted at an affiliate facility.
109	143		4 (14) The furnishing of information in accordance with
110	144		5 the federal Personal Responsibility and Work Opportunity
111	145		6 Reconciliation Act of 1996. Any bank governed by this Act
112	146		7 shall enter into an agreement for data exchanges with a
113	147		8 State agency provided the State agency pays to the bank a
114	148		9 reasonable fee not to exceed its actual cost incurred. A
115	149		10 bank providing information in accordance with this item
116	150		11 shall not be liable to any account holder or other person
117	151		12 for any disclosure of information to a State agency, for
118	152		13 encumbering or surrendering any assets held by the bank in
119	153		14 response to a lien or order to withhold and deliver issued
120	154		15 by a State agency, or for any other action taken pursuant
121	155		16 to this item, including individual or mechanical errors,
122	156		17 provided the action does not constitute gross negligence
123	157		18 or willful misconduct. A bank shall have no obligation to
124	158		19 hold, encumber, or surrender assets until it has been
125	159		20 served with a subpoena, summons, warrant, court or
126	160		21 administrative order, lien, or levy.
127	161		22 (15) The exchange in the regular course of business of
128	162		23 information between a bank and any commonly owned
129	163		24 affiliate of the bank, subject to the provisions of the
130	164		25 Financial Institutions Insurance Sales Law.
131	165		26 (16) The furnishing of information to law enforcement
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142	176		1 authorities, the Illinois Department on Aging and its
143	177		2 regional administrative and provider agencies, the
144	178		3 Department of Human Services Office of Inspector General,
145	179		4 or public guardians: (i) upon subpoena by the
146	180		5 investigatory entity or the guardian, or (ii) if there is
147	181		6 suspicion by the bank that a customer who is an elderly
148	182		7 person or person with a disability has been or may become
149	183		8 the victim of financial exploitation. For the purposes of
150	184		9 this item (16), the term: (i) "elderly person" means a
151	185		10 person who is 60 or more years of age, (ii) "disabled
152	186		11 person" means a person who has or reasonably appears to
153	187		12 the bank to have a physical or mental disability that
154	188		13 impairs his or her ability to seek or obtain protection
155	189		14 from or prevent financial exploitation, and (iii)
156	190		15 "financial exploitation" means tortious or illegal use of
157	191		16 the assets or resources of an elderly or disabled person,
158	192		17 and includes, without limitation, misappropriation of the
159	193		18 elderly or disabled person's assets or resources by undue
160	194		19 influence, breach of fiduciary relationship, intimidation,
161	195		20 fraud, deception, extortion, or the use of assets or
162	196		21 resources in any manner contrary to law. A bank or person
163	197		22 furnishing information pursuant to this item (16) shall be
164	198		23 entitled to the same rights and protections as a person
165	199		24 furnishing information under the Adult Protective Services
166	200		25 Act and the Illinois Domestic Violence Act of 1986.
167	201		26 (17) The disclosure of financial records or
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178	212		1 information as necessary to effect, administer, or enforce
179	213		2 a transaction requested or authorized by the customer, or
180	214		3 in connection with:
181	215		4 (A) servicing or processing a financial product or
182	216		5 service requested or authorized by the customer;
183	217		6 (B) maintaining or servicing a customer's account
184	218		7 with the bank; or
185	219		8 (C) a proposed or actual securitization or
186	220		9 secondary market sale (including sales of servicing
187	221		10 rights) related to a transaction of a customer.
188	222		11 Nothing in this item (17), however, authorizes the
189	223		12 sale of the financial records or information of a customer
190	224		13 without the consent of the customer.
191	225		14 (18) The disclosure of financial records or
192	226		15 information as necessary to protect against actual or
193	227		16 potential fraud, unauthorized transactions, claims, or
194	228		17 other liability.
195	229		18 (19)(A) The disclosure of financial records or
196	230		19 information related to a private label credit program
197	231		20 between a financial institution and a private label party
198	232		21 in connection with that private label credit program. Such
199	233		22 information is limited to outstanding balance, available
200	234		23 credit, payment and performance and account history,
201	235		24 product references, purchase information, and information
202	236		25 related to the identity of the customer.
203	237		26 (B)(1) For purposes of this paragraph (19) of
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214	248		1 subsection (b) of Section 48.1, a "private label credit
215	249		2 program" means a credit program involving a financial
216	250		3 institution and a private label party that is used by a
217	251		4 customer of the financial institution and the private
218	252		5 label party primarily for payment for goods or services
219	253		6 sold, manufactured, or distributed by a private label
220	254		7 party.
221	255		8 (2) For purposes of this paragraph (19) of subsection
222	256		9 (b) of Section 48.1, a "private label party" means, with
223	257		10 respect to a private label credit program, any of the
224	258		11 following: a retailer, a merchant, a manufacturer, a trade
225	259		12 group, or any such person's affiliate, subsidiary, member,
226	260		13 agent, or service provider.
227	261		14 (20)(A) The furnishing of financial records of a
228	262		15 customer to the Department to aid the Department's initial
229	263		16 determination or subsequent re-determination of the
230	264		17 customer's eligibility for Medicaid and Medicaid long-term
231	265		18 care benefits for long-term care services, provided that
232	266		19 the bank receives the written consent and authorization of
233	267		20 the customer, which shall:
234	268		21 (1) have the customer's signature notarized;
235	269		22 (2) be signed by at least one witness who
236	270		23 certifies that he or she believes the customer to be of
237	271		24 sound mind and memory;
238	272		25 (3) be tendered to the bank at the earliest
239	273		26 practicable time following its execution,
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250	284		1 certification, and notarization;
251	285		2 (4) specifically limit the disclosure of the
252	286		3 customer's financial records to the Department; and
253	287		4 (5) be in substantially the following form:
254	288		5 CUSTOMER CONSENT AND AUTHORIZATION
255	289		6 FOR RELEASE OF FINANCIAL RECORDS
256	290		7 I, ......................................., hereby authorize
257	291		8 (Name of Customer)
258	292		9 .............................................................
259	293		10 (Name of Financial Institution)
260	294		11 .............................................................
261	295		12 (Address of Financial Institution)
262	296		13 to disclose the following financial records:
263	297		14 any and all information concerning my deposit, savings, money
264	298		15 market, certificate of deposit, individual retirement,
265	299		16 retirement plan, 401(k) plan, incentive plan, employee benefit
266	300		17 plan, mutual fund and loan accounts (including, but not
267	301		18 limited to, any indebtedness or obligation for which I am a
268	302		19 co-borrower, co-obligor, guarantor, or surety), and any and
269	303		20 all other accounts in which I have an interest and any other
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280	314		1 information regarding me in the possession of the Financial
281	315		2 Institution,
282	316		3 to the Illinois Department of Human Services or the Illinois
283	317		4 Department of Healthcare and Family Services, or both ("the
284	318		5 Department"), for the following purpose(s):
285	319		6 to aid in the initial determination or re-determination by the
286	320		7 State of Illinois of my eligibility for Medicaid long-term
287	321		8 care benefits, pursuant to applicable law.
288	322		9 I understand that this Consent and Authorization may be
289	323		10 revoked by me in writing at any time before my financial
290	324		11 records, as described above, are disclosed, and that this
291	325		12 Consent and Authorization is valid until the Financial
292	326		13 Institution receives my written revocation. This Consent and
293	327		14 Authorization shall constitute valid authorization for the
294	328		15 Department identified above to inspect all such financial
295	329		16 records set forth above, and to request and receive copies of
296	330		17 such financial records from the Financial Institution (subject
297	331		18 to such records search and reproduction reimbursement policies
298	332		19 as the Financial Institution may have in place). An executed
299	333		20 copy of this Consent and Authorization shall be sufficient and
300	334		21 as good as the original and permission is hereby granted to
301	335		22 honor a photostatic or electronic copy of this Consent and
302	336		23 Authorization. Disclosure is strictly limited to the
303	337
304	338
305	339
306	340
307	341
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309		-
310		-
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312		-	SB1777 ~~Engrossed~~ - 10 - LRB104 09558 JRC 19621 b
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	343	+
	344	+
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	346	+	SB1777 - 10 - LRB104 09558 JRC 19621 b
313	347		1 Department identified above and no other person or entity
314	348		2 shall receive my financial records pursuant to this Consent
315	349		3 and Authorization. By signing this form, I agree to indemnify
316	350		4 and hold the Financial Institution harmless from any and all
317	351		5 claims, demands, and losses, including reasonable attorneys
318	352		6 fees and expenses, arising from or incurred in its reliance on
319	353		7 this Consent and Authorization. As used herein, "Customer"
320	354		8 shall mean "Member" if the Financial Institution is a credit
321	355		9 union.
322	356		10 ....................... ......................
323	357		11 (Date) (Signature of Customer)
324	358		12 ......................
325	359		13 ......................
326	360		14 (Address of Customer)
327	361		15 ......................
328	362		16 (Customer's birth date)
329	363		17 (month/day/year)
330	364		18 The undersigned witness certifies that .................,
331	365		19 known to me to be the same person whose name is subscribed as
332	366		20 the customer to the foregoing Consent and Authorization,
333	367		21 appeared before me and the notary public and acknowledged
334	368		22 signing and delivering the instrument as his or her free and
335	369
336	370
337	371
338	372
339	373
340		-	SB1777 ~~Engrossed~~ - 10 - LRB104 09558 JRC 19621 b
341		-
342		-
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344		-	SB1777 ~~Engrossed~~ - 11 - LRB104 09558 JRC 19621 b
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	375	+
	376	+
	377	+	SB1777- 11 -LRB104 09558 JRC 19621 b SB1777 - 11 - LRB104 09558 JRC 19621 b
	378	+	SB1777 - 11 - LRB104 09558 JRC 19621 b
345	379		1 voluntary act for the uses and purposes therein set forth. I
346	380		2 believe him or her to be of sound mind and memory. The
347	381		3 undersigned witness also certifies that the witness is not an
348	382		4 owner, operator, or relative of an owner or operator of a
349	383		5 long-term care facility in which the customer is a patient or
350	384		6 resident.
351	385		7 Dated: ................. ......................
352	386		8 (Signature of Witness)
353	387		9 ......................
354	388		10 (Print Name of Witness)
355	389		11 ......................
356	390		12 ......................
357	391		13 (Address of Witness)
358	392		14 State of Illinois)
359	393		15 ) ss.
360	394		16 County of .......)
361	395		17 The undersigned, a notary public in and for the above county
362	396		18 and state, certifies that .........., known to me to be the
363	397		19 same person whose name is subscribed as the customer to the
364	398		20 foregoing Consent and Authorization, appeared before me
365	399		21 together with the witness, .........., in person and
366	400
367	401
368	402
369	403
370	404
371		-	SB1777 ~~Engrossed~~ - 11 - LRB104 09558 JRC 19621 b
372		-
373		-
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375		-	SB1777 ~~Engrossed~~ - 12 - LRB104 09558 JRC 19621 b
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	406	+
	407	+
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	409	+	SB1777 - 12 - LRB104 09558 JRC 19621 b
376	410		1 acknowledged signing and delivering the instrument as the free
377	411		2 and voluntary act of the customer for the uses and purposes
378	412		3 therein set forth.
379	413		4 Dated:.......................................................
380	414		5 Notary Public:...............................................
381	415		6 My commission expires:.......................................
382	416		7 (B) In no event shall the bank distribute the
383	417		8 customer's financial records to the long-term care
384	418		9 facility from which the customer seeks initial or
385	419		10 continuing residency or long-term care services.
386	420		11 (C) A bank providing financial records of a customer
387	421		12 in good faith relying on a consent and authorization
388	422		13 executed and tendered in accordance with this paragraph
389	423		14 (20) shall not be liable to the customer or any other
390	424		15 person in relation to the bank's disclosure of the
391	425		16 customer's financial records to the Department. The
392	426		17 customer signing the consent and authorization shall
393	427		18 indemnify and hold the bank harmless that relies in good
394	428		19 faith upon the consent and authorization and incurs a loss
395	429		20 because of such reliance. The bank recovering under this
396	430		21 indemnification provision shall also be entitled to
397	431		22 reasonable attorney's fees and the expenses of recovery.
398	432		23 (D) A bank shall be reimbursed by the customer for all
399	433		24 costs reasonably necessary and directly incurred in
400	434
401	435
402	436
403	437
404	438
405		-	SB1777 ~~Engrossed~~ - 12 - LRB104 09558 JRC 19621 b
406		-
407		-
408		-	SB1777 ~~Engrossed~~- 13 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 13 - LRB104 09558 JRC 19621 b
409		-	SB1777 ~~Engrossed~~ - 13 - LRB104 09558 JRC 19621 b
	439	+	SB1777 - 12 - LRB104 09558 JRC 19621 b
	440	+
	441	+
	442	+	SB1777- 13 -LRB104 09558 JRC 19621 b SB1777 - 13 - LRB104 09558 JRC 19621 b
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410	444		1 searching for, reproducing, and disclosing a customer's
411	445		2 financial records required or requested to be produced
412	446		3 pursuant to any consent and authorization executed under
413	447		4 this paragraph (20). The requested financial records shall
414	448		5 be delivered to the Department within 10 days after
415	449		6 receiving a properly executed consent and authorization or
416	450		7 at the earliest practicable time thereafter if the
417	451		8 requested records cannot be delivered within 10 days, but
418	452		9 delivery may be delayed until the final reimbursement of
419	453		10 all costs is received by the bank. The bank may honor a
420	454		11 photostatic or electronic copy of a properly executed
421	455		12 consent and authorization.
422	456		13 (E) Nothing in this paragraph (20) shall impair,
423	457		14 abridge, or abrogate the right of a customer to:
424	458		15 (1) directly disclose his or her financial records
425	459		16 to the Department or any other person; or
426	460		17 (2) authorize his or her attorney or duly
427	461		18 appointed agent to request and obtain the customer's
428	462		19 financial records and disclose those financial records
429	463		20 to the Department.
430	464		21 (F) For purposes of this paragraph (20), "Department"
431	465		22 means the Department of Human Services and the Department
432	466		23 of Healthcare and Family Services or any successor
433	467		24 administrative agency of either agency.
434	468		25 (21) The furnishing of financial information to the
435	469		26 executor, executrix, administrator, or other lawful
436	470
437	471
438	472
439	473
440	474
441		-	SB1777 ~~Engrossed~~ - 13 - LRB104 09558 JRC 19621 b
442		-
443		-
444		-	SB1777 ~~Engrossed~~- 14 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 14 - LRB104 09558 JRC 19621 b
445		-	SB1777 ~~Engrossed~~ - 14 - LRB104 09558 JRC 19621 b
	475	+	SB1777 - 13 - LRB104 09558 JRC 19621 b
	476	+
	477	+
	478	+	SB1777- 14 -LRB104 09558 JRC 19621 b SB1777 - 14 - LRB104 09558 JRC 19621 b
	479	+	SB1777 - 14 - LRB104 09558 JRC 19621 b
446	480		1 representative of the estate of a customer.
447	481		2 (c) Except as otherwise provided by this Act, a bank may
448	482		3 not disclose to any person, except to the customer or his duly
449	483		4 authorized agent, any financial records or financial
450	484		5 information obtained from financial records relating to that
451	485		6 customer of that bank unless:
452	486		7 (1) the customer has authorized disclosure to the
453	487		8 person;
454	488		9 (2) the financial records are disclosed in response to
455	489		10 a lawful subpoena, summons, warrant, citation to discover
456	490		11 assets, or court order which meets the requirements of
457	491		12 subsection (d) of this Section; or
458	492		13 (3) the bank is attempting to collect an obligation
459	493		14 owed to the bank and the bank complies with the provisions
460	494		15 of Section 2I of the Consumer Fraud and Deceptive Business
461	495		16 Practices Act.
462	496		17 (d) A bank shall disclose financial records under
463	497		18 paragraph (2) of subsection (c) of this Section under a lawful
464	498		19 subpoena, summons, warrant, citation to discover assets, or
465	499		20 court order only after the bank sends a copy of the subpoena,
466	500		21 summons, warrant, citation to discover assets, or court order
467	501		22 to the person establishing the relationship with the bank, if
468	502		23 living, and, otherwise the person's personal representative,
469	503		24 if known, at the person's last known address by first class
470	504		25 mail, postage prepaid, through a third-party commercial
471	505		26 carrier or courier with delivery charge fully prepaid, by hand
472	506
473	507
474	508
475	509
476	510
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478		-
479		-
480		-	SB1777 ~~Engrossed~~- 15 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 15 - LRB104 09558 JRC 19621 b
481		-	SB1777 ~~Engrossed~~ - 15 - LRB104 09558 JRC 19621 b
	511	+	SB1777 - 14 - LRB104 09558 JRC 19621 b
	512	+
	513	+
	514	+	SB1777- 15 -LRB104 09558 JRC 19621 b SB1777 - 15 - LRB104 09558 JRC 19621 b
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482	516		1 delivery, or by electronic delivery at an email address on
483	517		2 file with the bank (if the person establishing the
484	518		3 relationship with the bank has consented to receive electronic
485	519		4 delivery and, if the person establishing the relationship with
486	520		5 the bank is a consumer, the person has consented under the
487	521		6 consumer consent provisions set forth in Section 7001 of Title
488	522		7 15 of the United States Code), unless the bank is specifically
489	523		8 prohibited from notifying the person by order of court or by
490	524		9 applicable State or federal law. A bank shall not mail a copy
491	525		10 of a subpoena to any person pursuant to this subsection if the
492	526		11 subpoena was issued by a grand jury under the Statewide Grand
493	527		12 Jury Act.
494	528		13 (e) Any officer or employee of a bank who knowingly and
495	529		14 willfully furnishes financial records in violation of this
496	530		15 Section is guilty of a business offense and, upon conviction,
497	531		16 shall be fined not more than $1,000.
498	532		17 (f) Any person who knowingly and willfully induces or
499	533		18 attempts to induce any officer or employee of a bank to
500	534		19 disclose financial records in violation of this Section is
501	535		20 guilty of a business offense and, upon conviction, shall be
502	536		21 fined not more than $1,000.
503	537		22 (g) A bank shall be reimbursed for costs that are
504	538		23 reasonably necessary and that have been directly incurred in
505	539		24 searching for, reproducing, or transporting books, papers,
506	540		25 records, or other data required or requested to be produced
507	541		26 pursuant to a lawful subpoena, summons, warrant, citation to
508	542
509	543
510	544
511	545
512	546
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514		-
515		-
516		-	SB1777 ~~Engrossed~~- 16 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 16 - LRB104 09558 JRC 19621 b
517		-	SB1777 ~~Engrossed~~ - 16 - LRB104 09558 JRC 19621 b
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	548	+
	549	+
	550	+	SB1777- 16 -LRB104 09558 JRC 19621 b SB1777 - 16 - LRB104 09558 JRC 19621 b
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518	552		1 discover assets, or court order. The Commissioner shall
519	553		2 determine the rates and conditions under which payment may be
520	554		3 made.
521	555		4 (Source: P.A. 101-81, eff. 7-12-19; 102-873, eff. 5-13-22.)
522	556		5 Section 10. The Savings Bank Act is amended by changing
523	557		6 Section 4013 as follows:
524	558		7 (205 ILCS 205/4013) (from Ch. 17, par. 7304-13)
525	559		8 Sec. 4013. Access to books and records; communication with
526	560		9 members and shareholders.
527	561		10 (a) Every member or shareholder shall have the right to
528	562		11 inspect books and records of the savings bank that pertain to
529	563		12 his accounts. Otherwise, the right of inspection and
530	564		13 examination of the books and records shall be limited as
531	565		14 provided in this Act, and no other person shall have access to
532	566		15 the books and records nor shall be entitled to a list of the
533	567		16 members or shareholders.
534	568		17 (b) For the purpose of this Section, the term "financial
535	569		18 records" means any original, any copy, or any summary of (1) a
536	570		19 document granting signature authority over a deposit or
537	571		20 account; (2) a statement, ledger card, or other record on any
538	572		21 deposit or account that shows each transaction in or with
539	573		22 respect to that account; (3) a check, draft, or money order
540	574		23 drawn on a savings bank or issued and payable by a savings
541	575		24 bank; or (4) any other item containing information pertaining
542	576
543	577
544	578
545	579
546	580
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548		-
549		-
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551		-	SB1777 ~~Engrossed~~ - 17 - LRB104 09558 JRC 19621 b
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	582	+
	583	+
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	585	+	SB1777 - 17 - LRB104 09558 JRC 19621 b
552	586		1 to any relationship established in the ordinary course of a
553	587		2 savings bank's business between a savings bank and its
554	588		3 customer, including financial statements or other financial
555	589		4 information provided by the member or shareholder.
556	590		5 (c) This Section does not prohibit:
557	591		6 (1) The preparation, examination, handling, or
558	592		7 maintenance of any financial records by any officer,
559	593		8 employee, or agent of a savings bank having custody of
560	594		9 records or examination of records by a certified public
561	595		10 accountant engaged by the savings bank to perform an
562	596		11 independent audit.
563	597		12 (2) The examination of any financial records by, or
564	598		13 the furnishing of financial records by a savings bank to,
565	599		14 any officer, employee, or agent of the Commissioner of
566	600		15 Banks and Real Estate or the federal depository
567	601		16 institution regulator for use solely in the exercise of
568	602		17 his duties as an officer, employee, or agent.
569	603		18 (3) The publication of data furnished from financial
570	604		19 records relating to members or holders of capital where
571	605		20 the data cannot be identified to any particular member,
572	606		21 shareholder, or account.
573	607		22 (4) The making of reports or returns required under
574	608		23 Chapter 61 of the Internal Revenue Code of 1986.
575	609		24 (5) Furnishing information concerning the dishonor of
576	610		25 any negotiable instrument permitted to be disclosed under
577	611		26 the Uniform Commercial Code.
578	612
579	613
580	614
581	615
582	616
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584		-
585		-
586		-	SB1777 ~~Engrossed~~- 18 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 18 - LRB104 09558 JRC 19621 b
587		-	SB1777 ~~Engrossed~~ - 18 - LRB104 09558 JRC 19621 b
	617	+	SB1777 - 17 - LRB104 09558 JRC 19621 b
	618	+
	619	+
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	621	+	SB1777 - 18 - LRB104 09558 JRC 19621 b
588	622		1 (6) The exchange in the regular course of business of
589	623		2 (i) credit information between a savings bank and other
590	624		3 savings banks or financial institutions or commercial
591	625		4 enterprises, directly or through a consumer reporting
592	626		5 agency or (ii) financial records or information derived
593	627		6 from financial records between a savings bank and other
594	628		7 savings banks or financial institutions or commercial
595	629		8 enterprises for the purpose of conducting due diligence
596	630		9 pursuant to a purchase or sale involving the savings bank
597	631		10 or assets or liabilities of the savings bank.
598	632		11 (7) The furnishing of information to the appropriate
599	633		12 law enforcement authorities where the savings bank
600	634		13 reasonably believes it has been the victim of a crime.
601	635		14 (8) The furnishing of information pursuant to the
602	636		15 Revised Uniform Unclaimed Property Act.
603	637		16 (9) The furnishing of information pursuant to the
604	638		17 Illinois Income Tax Act and the Illinois Estate and
605	639		18 Generation-Skipping Transfer Tax Act.
606	640		19 (10) The furnishing of information pursuant to the
607	641		20 federal Currency and Foreign Transactions Reporting Act,
608	642		21 (Title 31, United States Code, Section 1051 et seq.).
609	643		22 (11) The furnishing of information pursuant to any
610	644		23 other statute which by its terms or by regulations
611	645		24 promulgated thereunder requires the disclosure of
612	646		25 financial records other than by subpoena, summons,
613	647		26 warrant, or court order.
614	648
615	649
616	650
617	651
618	652
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620		-
621		-
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623		-	SB1777 ~~Engrossed~~ - 19 - LRB104 09558 JRC 19621 b
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	654	+
	655	+
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624	658		1 (12) The furnishing of information in accordance with
625	659		2 the federal Personal Responsibility and Work Opportunity
626	660		3 Reconciliation Act of 1996. Any savings bank governed by
627	661		4 this Act shall enter into an agreement for data exchanges
628	662		5 with a State agency provided the State agency pays to the
629	663		6 savings bank a reasonable fee not to exceed its actual
630	664		7 cost incurred. A savings bank providing information in
631	665		8 accordance with this item shall not be liable to any
632	666		9 account holder or other person for any disclosure of
633	667		10 information to a State agency, for encumbering or
634	668		11 surrendering any assets held by the savings bank in
635	669		12 response to a lien or order to withhold and deliver issued
636	670		13 by a State agency, or for any other action taken pursuant
637	671		14 to this item, including individual or mechanical errors,
638	672		15 provided the action does not constitute gross negligence
639	673		16 or willful misconduct. A savings bank shall have no
640	674		17 obligation to hold, encumber, or surrender assets until it
641	675		18 has been served with a subpoena, summons, warrant, court
642	676		19 or administrative order, lien, or levy.
643	677		20 (13) The furnishing of information to law enforcement
644	678		21 authorities, the Illinois Department on Aging and its
645	679		22 regional administrative and provider agencies, the
646	680		23 Department of Human Services Office of Inspector General,
647	681		24 or public guardians: (i) upon subpoena by the
648	682		25 investigatory entity or the guardian, or (ii) if there is
649	683		26 suspicion by the savings bank that a customer who is an
650	684
651	685
652	686
653	687
654	688
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656		-
657		-
658		-	SB1777 ~~Engrossed~~- 20 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 20 - LRB104 09558 JRC 19621 b
659		-	SB1777 ~~Engrossed~~ - 20 - LRB104 09558 JRC 19621 b
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	690	+
	691	+
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660	694		1 elderly person or person with a disability has been or may
661	695		2 become the victim of financial exploitation. For the
662	696		3 purposes of this item (13), the term: (i) "elderly person"
663	697		4 means a person who is 60 or more years of age, (ii) "person
664	698		5 with a disability" means a person who has or reasonably
665	699		6 appears to the savings bank to have a physical or mental
666	700		7 disability that impairs his or her ability to seek or
667	701		8 obtain protection from or prevent financial exploitation,
668	702		9 and (iii) "financial exploitation" means tortious or
669	703		10 illegal use of the assets or resources of an elderly
670	704		11 person or person with a disability, and includes, without
671	705		12 limitation, misappropriation of the assets or resources of
672	706		13 the elderly person or person with a disability by undue
673	707		14 influence, breach of fiduciary relationship, intimidation,
674	708		15 fraud, deception, extortion, or the use of assets or
675	709		16 resources in any manner contrary to law. A savings bank or
676	710		17 person furnishing information pursuant to this item (13)
677	711		18 shall be entitled to the same rights and protections as a
678	712		19 person furnishing information under the Adult Protective
679	713		20 Services Act and the Illinois Domestic Violence Act of
680	714		21 1986.
681	715		22 (14) The disclosure of financial records or
682	716		23 information as necessary to effect, administer, or enforce
683	717		24 a transaction requested or authorized by the member or
684	718		25 holder of capital, or in connection with:
685	719		26 (A) servicing or processing a financial product or
686	720
687	721
688	722
689	723
690	724
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692		-
693		-
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695		-	SB1777 ~~Engrossed~~ - 21 - LRB104 09558 JRC 19621 b
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	726	+
	727	+
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696	730		1 service requested or authorized by the member or
697	731		2 holder of capital;
698	732		3 (B) maintaining or servicing an account of a
699	733		4 member or holder of capital with the savings bank; or
700	734		5 (C) a proposed or actual securitization or
701	735		6 secondary market sale (including sales of servicing
702	736		7 rights) related to a transaction of a member or holder
703	737		8 of capital.
704	738		9 Nothing in this item (14), however, authorizes the
705	739		10 sale of the financial records or information of a member
706	740		11 or holder of capital without the consent of the member or
707	741		12 holder of capital.
708	742		13 (15) The exchange in the regular course of business of
709	743		14 information between a savings bank and any commonly owned
710	744		15 affiliate of the savings bank, subject to the provisions
711	745		16 of the Financial Institutions Insurance Sales Law.
712	746		17 (16) The disclosure of financial records or
713	747		18 information as necessary to protect against or prevent
714	748		19 actual or potential fraud, unauthorized transactions,
715	749		20 claims, or other liability.
716	750		21 (17)(a) The disclosure of financial records or
717	751		22 information related to a private label credit program
718	752		23 between a financial institution and a private label party
719	753		24 in connection with that private label credit program. Such
720	754		25 information is limited to outstanding balance, available
721	755		26 credit, payment and performance and account history,
722	756
723	757
724	758
725	759
726	760
727		-	SB1777 ~~Engrossed~~ - 21 - LRB104 09558 JRC 19621 b
728		-
729		-
730		-	SB1777 ~~Engrossed~~- 22 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 22 - LRB104 09558 JRC 19621 b
731		-	SB1777 ~~Engrossed~~ - 22 - LRB104 09558 JRC 19621 b
	761	+	SB1777 - 21 - LRB104 09558 JRC 19621 b
	762	+
	763	+
	764	+	SB1777- 22 -LRB104 09558 JRC 19621 b SB1777 - 22 - LRB104 09558 JRC 19621 b
	765	+	SB1777 - 22 - LRB104 09558 JRC 19621 b
732	766		1 product references, purchase information, and information
733	767		2 related to the identity of the customer.
734	768		3 (b)(1) For purposes of this paragraph (17) of
735	769		4 subsection (c) of Section 4013, a "private label credit
736	770		5 program" means a credit program involving a financial
737	771		6 institution and a private label party that is used by a
738	772		7 customer of the financial institution and the private
739	773		8 label party primarily for payment for goods or services
740	774		9 sold, manufactured, or distributed by a private label
741	775		10 party.
742	776		11 (2) For purposes of this paragraph (17) of subsection
743	777		12 (c) of Section 4013, a "private label party" means, with
744	778		13 respect to a private label credit program, any of the
745	779		14 following: a retailer, a merchant, a manufacturer, a trade
746	780		15 group, or any such person's affiliate, subsidiary, member,
747	781		16 agent, or service provider.
748	782		17 (18)(a) The furnishing of financial records of a
749	783		18 customer to the Department to aid the Department's initial
750	784		19 determination or subsequent re-determination of the
751	785		20 customer's eligibility for Medicaid and Medicaid long-term
752	786		21 care benefits for long-term care services, provided that
753	787		22 the savings bank receives the written consent and
754	788		23 authorization of the customer, which shall:
755	789		24 (1) have the customer's signature notarized;
756	790		25 (2) be signed by at least one witness who
757	791		26 certifies that he or she believes the customer to be of
758	792
759	793
760	794
761	795
762	796
763		-	SB1777 ~~Engrossed~~ - 22 - LRB104 09558 JRC 19621 b
764		-
765		-
766		-	SB1777 ~~Engrossed~~- 23 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 23 - LRB104 09558 JRC 19621 b
767		-	SB1777 ~~Engrossed~~ - 23 - LRB104 09558 JRC 19621 b
	797	+	SB1777 - 22 - LRB104 09558 JRC 19621 b
	798	+
	799	+
	800	+	SB1777- 23 -LRB104 09558 JRC 19621 b SB1777 - 23 - LRB104 09558 JRC 19621 b
	801	+	SB1777 - 23 - LRB104 09558 JRC 19621 b
768	802		1 sound mind and memory;
769	803		2 (3) be tendered to the savings bank at the
770	804		3 earliest practicable time following its execution,
771	805		4 certification, and notarization;
772	806		5 (4) specifically limit the disclosure of the
773	807		6 customer's financial records to the Department; and
774	808		7 (5) be in substantially the following form:
775	809		8 CUSTOMER CONSENT AND AUTHORIZATION
776	810		9 FOR RELEASE OF FINANCIAL RECORDS
777	811		10 I, ......................................., hereby authorize
778	812		11 (Name of Customer)
779	813		12 .............................................................
780	814		13 (Name of Financial Institution)
781	815		14 .............................................................
782	816		15 (Address of Financial Institution)
783	817		16 to disclose the following financial records:
784	818		17 any and all information concerning my deposit, savings, money
785	819		18 market, certificate of deposit, individual retirement,
786	820		19 retirement plan, 401(k) plan, incentive plan, employee benefit
787	821		20 plan, mutual fund and loan accounts (including, but not
788	822
789	823
790	824
791	825
792	826
793		-	SB1777 ~~Engrossed~~ - 23 - LRB104 09558 JRC 19621 b
794		-
795		-
796		-	SB1777 ~~Engrossed~~- 24 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 24 - LRB104 09558 JRC 19621 b
797		-	SB1777 ~~Engrossed~~ - 24 - LRB104 09558 JRC 19621 b
	827	+	SB1777 - 23 - LRB104 09558 JRC 19621 b
	828	+
	829	+
	830	+	SB1777- 24 -LRB104 09558 JRC 19621 b SB1777 - 24 - LRB104 09558 JRC 19621 b
	831	+	SB1777 - 24 - LRB104 09558 JRC 19621 b
798	832		1 limited to, any indebtedness or obligation for which I am a
799	833		2 co-borrower, co-obligor, guarantor, or surety), and any and
800	834		3 all other accounts in which I have an interest and any other
801	835		4 information regarding me in the possession of the Financial
802	836		5 Institution,
803	837		6 to the Illinois Department of Human Services or the Illinois
804	838		7 Department of Healthcare and Family Services, or both ("the
805	839		8 Department"), for the following purpose(s):
806	840		9 to aid in the initial determination or re-determination by the
807	841		10 State of Illinois of my eligibility for Medicaid long-term
808	842		11 care benefits, pursuant to applicable law.
809	843		12 I understand that this Consent and Authorization may be
810	844		13 revoked by me in writing at any time before my financial
811	845		14 records, as described above, are disclosed, and that this
812	846		15 Consent and Authorization is valid until the Financial
813	847		16 Institution receives my written revocation. This Consent and
814	848		17 Authorization shall constitute valid authorization for the
815	849		18 Department identified above to inspect all such financial
816	850		19 records set forth above, and to request and receive copies of
817	851		20 such financial records from the Financial Institution (subject
818	852		21 to such records search and reproduction reimbursement policies
819	853		22 as the Financial Institution may have in place). An executed
820	854		23 copy of this Consent and Authorization shall be sufficient and
821	855
822	856
823	857
824	858
825	859
826		-	SB1777 ~~Engrossed~~ - 24 - LRB104 09558 JRC 19621 b
827		-
828		-
829		-	SB1777 ~~Engrossed~~- 25 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 25 - LRB104 09558 JRC 19621 b
830		-	SB1777 ~~Engrossed~~ - 25 - LRB104 09558 JRC 19621 b
	860	+	SB1777 - 24 - LRB104 09558 JRC 19621 b
	861	+
	862	+
	863	+	SB1777- 25 -LRB104 09558 JRC 19621 b SB1777 - 25 - LRB104 09558 JRC 19621 b
	864	+	SB1777 - 25 - LRB104 09558 JRC 19621 b
831	865		1 as good as the original and permission is hereby granted to
832	866		2 honor a photostatic or electronic copy of this Consent and
833	867		3 Authorization. Disclosure is strictly limited to the
834	868		4 Department identified above and no other person or entity
835	869		5 shall receive my financial records pursuant to this Consent
836	870		6 and Authorization. By signing this form, I agree to indemnify
837	871		7 and hold the Financial Institution harmless from any and all
838	872		8 claims, demands, and losses, including reasonable attorneys
839	873		9 fees and expenses, arising from or incurred in its reliance on
840	874		10 this Consent and Authorization. As used herein, "Customer"
841	875		11 shall mean "Member" if the Financial Institution is a credit
842	876		12 union.
843	877		13 ....................... ......................
844	878		14 (Date) (Signature of Customer)
845	879		15 ......................
846	880		16 ......................
847	881		17 (Address of Customer)
848	882		18 ......................
849	883		19 (Customer's birth date)
850	884		20 (month/day/year)
851	885		21 The undersigned witness certifies that .................,
852	886		22 known to me to be the same person whose name is subscribed as
853	887
854	888
855	889
856	890
857	891
858		-	SB1777 ~~Engrossed~~ - 25 - LRB104 09558 JRC 19621 b
859		-
860		-
861		-	SB1777 ~~Engrossed~~- 26 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 26 - LRB104 09558 JRC 19621 b
862		-	SB1777 ~~Engrossed~~ - 26 - LRB104 09558 JRC 19621 b
	892	+	SB1777 - 25 - LRB104 09558 JRC 19621 b
	893	+
	894	+
	895	+	SB1777- 26 -LRB104 09558 JRC 19621 b SB1777 - 26 - LRB104 09558 JRC 19621 b
	896	+	SB1777 - 26 - LRB104 09558 JRC 19621 b
863	897		1 the customer to the foregoing Consent and Authorization,
864	898		2 appeared before me and the notary public and acknowledged
865	899		3 signing and delivering the instrument as his or her free and
866	900		4 voluntary act for the uses and purposes therein set forth. I
867	901		5 believe him or her to be of sound mind and memory. The
868	902		6 undersigned witness also certifies that the witness is not an
869	903		7 owner, operator, or relative of an owner or operator of a
870	904		8 long-term care facility in which the customer is a patient or
871	905		9 resident.
872	906		10 Dated: ................. ......................
873	907		11 (Signature of Witness)
874	908		12 ......................
875	909		13 (Print Name of Witness)
876	910		14 ......................
877	911		15 ......................
878	912		16 (Address of Witness)
879	913		17 State of Illinois)
880	914		18 ) ss.
881	915		19 County of .......)
882	916		20 The undersigned, a notary public in and for the above county
883	917		21 and state, certifies that .........., known to me to be the
884	918
885	919
886	920
887	921
888	922
889		-	SB1777 ~~Engrossed~~ - 26 - LRB104 09558 JRC 19621 b
890		-
891		-
892		-	SB1777 ~~Engrossed~~- 27 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 27 - LRB104 09558 JRC 19621 b
893		-	SB1777 ~~Engrossed~~ - 27 - LRB104 09558 JRC 19621 b
	923	+	SB1777 - 26 - LRB104 09558 JRC 19621 b
	924	+
	925	+
	926	+	SB1777- 27 -LRB104 09558 JRC 19621 b SB1777 - 27 - LRB104 09558 JRC 19621 b
	927	+	SB1777 - 27 - LRB104 09558 JRC 19621 b
894	928		1 same person whose name is subscribed as the customer to the
895	929		2 foregoing Consent and Authorization, appeared before me
896	930		3 together with the witness, .........., in person and
897	931		4 acknowledged signing and delivering the instrument as the free
898	932		5 and voluntary act of the customer for the uses and purposes
899	933		6 therein set forth.
900	934		7 Dated:.......................................................
901	935		8 Notary Public:...............................................
902	936		9 My commission expires:.......................................
903	937		10 (b) In no event shall the savings bank distribute the
904	938		11 customer's financial records to the long-term care
905	939		12 facility from which the customer seeks initial or
906	940		13 continuing residency or long-term care services.
907	941		14 (c) A savings bank providing financial records of a
908	942		15 customer in good faith relying on a consent and
909	943		16 authorization executed and tendered in accordance with
910	944		17 this paragraph (18) shall not be liable to the customer or
911	945		18 any other person in relation to the savings bank's
912	946		19 disclosure of the customer's financial records to the
913	947		20 Department. The customer signing the consent and
914	948		21 authorization shall indemnify and hold the savings bank
915	949		22 harmless that relies in good faith upon the consent and
916	950		23 authorization and incurs a loss because of such reliance.
917	951		24 The savings bank recovering under this indemnification
918	952
919	953
920	954
921	955
922	956
923		-	SB1777 ~~Engrossed~~ - 27 - LRB104 09558 JRC 19621 b
924		-
925		-
926		-	SB1777 ~~Engrossed~~- 28 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 28 - LRB104 09558 JRC 19621 b
927		-	SB1777 ~~Engrossed~~ - 28 - LRB104 09558 JRC 19621 b
	957	+	SB1777 - 27 - LRB104 09558 JRC 19621 b
	958	+
	959	+
	960	+	SB1777- 28 -LRB104 09558 JRC 19621 b SB1777 - 28 - LRB104 09558 JRC 19621 b
	961	+	SB1777 - 28 - LRB104 09558 JRC 19621 b
928	962		1 provision shall also be entitled to reasonable attorney's
929	963		2 fees and the expenses of recovery.
930	964		3 (d) A savings bank shall be reimbursed by the customer
931	965		4 for all costs reasonably necessary and directly incurred
932	966		5 in searching for, reproducing, and disclosing a customer's
933	967		6 financial records required or requested to be produced
934	968		7 pursuant to any consent and authorization executed under
935	969		8 this paragraph (18). The requested financial records shall
936	970		9 be delivered to the Department within 10 days after
937	971		10 receiving a properly executed consent and authorization or
938	972		11 at the earliest practicable time thereafter if the
939	973		12 requested records cannot be delivered within 10 days, but
940	974		13 delivery may be delayed until the final reimbursement of
941	975		14 all costs is received by the savings bank. The savings
942	976		15 bank may honor a photostatic or electronic copy of a
943	977		16 properly executed consent and authorization.
944	978		17 (e) Nothing in this paragraph (18) shall impair,
945	979		18 abridge, or abrogate the right of a customer to:
946	980		19 (1) directly disclose his or her financial records
947	981		20 to the Department or any other person; or
948	982		21 (2) authorize his or her attorney or duly
949	983		22 appointed agent to request and obtain the customer's
950	984		23 financial records and disclose those financial records
951	985		24 to the Department.
952	986		25 (f) For purposes of this paragraph (18), "Department"
953	987		26 means the Department of Human Services and the Department
954	988
955	989
956	990
957	991
958	992
959		-	SB1777 ~~Engrossed~~ - 28 - LRB104 09558 JRC 19621 b
960		-
961		-
962		-	SB1777 ~~Engrossed~~- 29 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 29 - LRB104 09558 JRC 19621 b
963		-	SB1777 ~~Engrossed~~ - 29 - LRB104 09558 JRC 19621 b
	993	+	SB1777 - 28 - LRB104 09558 JRC 19621 b
	994	+
	995	+
	996	+	SB1777- 29 -LRB104 09558 JRC 19621 b SB1777 - 29 - LRB104 09558 JRC 19621 b
	997	+	SB1777 - 29 - LRB104 09558 JRC 19621 b
964	998		1 of Healthcare and Family Services or any successor
965	999		2 administrative agency of either agency.
966	1000		3 (19) The furnishing of financial information to the
967	1001		4 executor, executrix, administrator, or other lawful
968	1002		5 representative of the estate of a customer.
969	1003		6 (d) A savings bank may not disclose to any person, except
970	1004		7 to the member or holder of capital or his duly authorized
971	1005		8 agent, any financial records relating to that member or
972	1006		9 shareholder of the savings bank unless:
973	1007		10 (1) the member or shareholder has authorized
974	1008		11 disclosure to the person; or
975	1009		12 (2) the financial records are disclosed in response to
976	1010		13 a lawful subpoena, summons, warrant, citation to discover
977	1011		14 assets, or court order that meets the requirements of
978	1012		15 subsection (e) of this Section.
979	1013		16 (e) A savings bank shall disclose financial records under
980	1014		17 subsection (d) of this Section pursuant to a lawful subpoena,
981	1015		18 summons, warrant, citation to discover assets, or court order
982	1016		19 only after the savings bank sends a copy of the subpoena,
983	1017		20 summons, warrant, citation to discover assets, or court order
984	1018		21 to the person establishing the relationship with the savings
985	1019		22 bank, if living, and otherwise, the person's personal
986	1020		23 representative, if known, at the person's last known address
987	1021		24 by first class mail, postage prepaid, through a third-party
988	1022		25 commercial carrier or courier with delivery charge fully
989	1023		26 prepaid, by hand delivery, or by electronic delivery at an
990	1024
991	1025
992	1026
993	1027
994	1028
995		-	SB1777 ~~Engrossed~~ - 29 - LRB104 09558 JRC 19621 b
996		-
997		-
998		-	SB1777 ~~Engrossed~~- 30 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 30 - LRB104 09558 JRC 19621 b
999		-	SB1777 ~~Engrossed~~ - 30 - LRB104 09558 JRC 19621 b
	1029	+	SB1777 - 29 - LRB104 09558 JRC 19621 b
	1030	+
	1031	+
	1032	+	SB1777- 30 -LRB104 09558 JRC 19621 b SB1777 - 30 - LRB104 09558 JRC 19621 b
	1033	+	SB1777 - 30 - LRB104 09558 JRC 19621 b
1000	1034		1 email address on file with the savings bank (if the person
1001	1035		2 establishing the relationship with the savings bank has
1002	1036		3 consented to receive electronic delivery and, if the person
1003	1037		4 establishing the relationship with the savings bank is a
1004	1038		5 consumer, the person has consented under the consumer consent
1005	1039		6 provisions set forth in Section 7001 of Title 15 of the United
1006	1040		7 States Code), unless the savings bank is specifically
1007	1041		8 prohibited from notifying the person by order of court.
1008	1042		9 (f) Any officer or employee of a savings bank who
1009	1043		10 knowingly and willfully furnishes financial records in
1010	1044		11 violation of this Section is guilty of a business offense and,
1011	1045		12 upon conviction, shall be fined not more than $1,000.
1012	1046		13 (g) Any person who knowingly and willfully induces or
1013	1047		14 attempts to induce any officer or employee of a savings bank to
1014	1048		15 disclose financial records in violation of this Section is
1015	1049		16 guilty of a business offense and, upon conviction, shall be
1016	1050		17 fined not more than $1,000.
1017	1051		18 (h) If any member or shareholder desires to communicate
1018	1052		19 with the other members or shareholders of the savings bank
1019	1053		20 with reference to any question pending or to be presented at an
1020	1054		21 annual or special meeting, the savings bank shall give that
1021	1055		22 person, upon request, a statement of the approximate number of
1022	1056		23 members or shareholders entitled to vote at the meeting and an
1023	1057		24 estimate of the cost of preparing and mailing the
1024	1058		25 communication. The requesting member shall submit the
1025	1059		26 communication to the Commissioner who, upon finding it to be
1026	1060
1027	1061
1028	1062
1029	1063
1030	1064
1031		-	SB1777 ~~Engrossed~~ - 30 - LRB104 09558 JRC 19621 b
1032		-
1033		-
1034		-	SB1777 ~~Engrossed~~- 31 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 31 - LRB104 09558 JRC 19621 b
1035		-	SB1777 ~~Engrossed~~ - 31 - LRB104 09558 JRC 19621 b
	1065	+	SB1777 - 30 - LRB104 09558 JRC 19621 b
	1066	+
	1067	+
	1068	+	SB1777- 31 -LRB104 09558 JRC 19621 b SB1777 - 31 - LRB104 09558 JRC 19621 b
	1069	+	SB1777 - 31 - LRB104 09558 JRC 19621 b
1036	1070		1 appropriate and truthful, shall direct that it be prepared and
1037	1071		2 mailed to the members upon the requesting member's or
1038	1072		3 shareholder's payment or adequate provision for payment of the
1039	1073		4 expenses of preparation and mailing.
1040	1074		5 (i) A savings bank shall be reimbursed for costs that are
1041	1075		6 necessary and that have been directly incurred in searching
1042	1076		7 for, reproducing, or transporting books, papers, records, or
1043	1077		8 other data of a customer required to be reproduced pursuant to
1044	1078		9 a lawful subpoena, warrant, citation to discover assets, or
1045	1079		10 court order.
1046	1080		11 (j) Notwithstanding the provisions of this Section, a
1047	1081		12 savings bank may sell or otherwise make use of lists of
1048	1082		13 customers' names and addresses. All other information
1049	1083		14 regarding a customer's account is subject to the disclosure
1050	1084		15 provisions of this Section. At the request of any customer,
1051	1085		16 that customer's name and address shall be deleted from any
1052	1086		17 list that is to be sold or used in any other manner beyond
1053	1087		18 identification of the customer's accounts.
1054	1088		19 (Source: P.A. 102-873, eff. 5-13-22.)
1055	1089		20 Section 15. The Illinois Credit Union Act is amended by
1056	1090		21 changing Section 10 as follows:
1057	1091		22 (205 ILCS 305/10) (from Ch. 17, par. 4411)
1058	1092		23 Sec. 10. Credit union records; member financial records.
1059	1093		24 (1) A credit union shall establish and maintain books,
1060	1094
1061	1095
1062	1096
1063	1097
1064	1098
1065		-	SB1777 ~~Engrossed~~ - 31 - LRB104 09558 JRC 19621 b
1066		-
1067		-
1068		-	SB1777 ~~Engrossed~~- 32 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 32 - LRB104 09558 JRC 19621 b
1069		-	SB1777 ~~Engrossed~~ - 32 - LRB104 09558 JRC 19621 b
	1099	+	SB1777 - 31 - LRB104 09558 JRC 19621 b
	1100	+
	1101	+
	1102	+	SB1777- 32 -LRB104 09558 JRC 19621 b SB1777 - 32 - LRB104 09558 JRC 19621 b
	1103	+	SB1777 - 32 - LRB104 09558 JRC 19621 b
1070	1104		1 records, accounting systems and procedures which accurately
1071	1105		2 reflect its operations and which enable the Department to
1072	1106		3 readily ascertain the true financial condition of the credit
1073	1107		4 union and whether it is complying with this Act.
1074	1108		5 (2) A photostatic or photographic reproduction of any
1075	1109		6 credit union records shall be admissible as evidence of
1076	1110		7 transactions with the credit union.
1077	1111		8 (3)(a) For the purpose of this Section, the term
1078	1112		9 "financial records" means any original, any copy, or any
1079	1113		10 summary of (1) a document granting signature authority over an
1080	1114		11 account, (2) a statement, ledger card or other record on any
1081	1115		12 account which shows each transaction in or with respect to
1082	1116		13 that account, (3) a check, draft or money order drawn on a
1083	1117		14 financial institution or other entity or issued and payable by
1084	1118		15 or through a financial institution or other entity, or (4) any
1085	1119		16 other item containing information pertaining to any
1086	1120		17 relationship established in the ordinary course of business
1087	1121		18 between a credit union and its member, including financial
1088	1122		19 statements or other financial information provided by the
1089	1123		20 member.
1090	1124		21 (b) This Section does not prohibit:
1091	1125		22 (1) The preparation, examination, handling or
1092	1126		23 maintenance of any financial records by any officer,
1093	1127		24 employee or agent of a credit union having custody of such
1094	1128		25 records, or the examination of such records by a certified
1095	1129		26 public accountant engaged by the credit union to perform
1096	1130
1097	1131
1098	1132
1099	1133
1100	1134
1101		-	SB1777 ~~Engrossed~~ - 32 - LRB104 09558 JRC 19621 b
1102		-
1103		-
1104		-	SB1777 ~~Engrossed~~- 33 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 33 - LRB104 09558 JRC 19621 b
1105		-	SB1777 ~~Engrossed~~ - 33 - LRB104 09558 JRC 19621 b
	1135	+	SB1777 - 32 - LRB104 09558 JRC 19621 b
	1136	+
	1137	+
	1138	+	SB1777- 33 -LRB104 09558 JRC 19621 b SB1777 - 33 - LRB104 09558 JRC 19621 b
	1139	+	SB1777 - 33 - LRB104 09558 JRC 19621 b
1106	1140		1 an independent audit.
1107	1141		2 (2) The examination of any financial records by or the
1108	1142		3 furnishing of financial records by a credit union to any
1109	1143		4 officer, employee or agent of the Department, the National
1110	1144		5 Credit Union Administration, Federal Reserve board or any
1111	1145		6 insurer of share accounts for use solely in the exercise
1112	1146		7 of his duties as an officer, employee or agent.
1113	1147		8 (3) The publication of data furnished from financial
1114	1148		9 records relating to members where the data cannot be
1115	1149		10 identified to any particular customer of account.
1116	1150		11 (4) The making of reports or returns required under
1117	1151		12 Chapter 61 of the Internal Revenue Code of 1954.
1118	1152		13 (5) Furnishing information concerning the dishonor of
1119	1153		14 any negotiable instrument permitted to be disclosed under
1120	1154		15 the Uniform Commercial Code.
1121	1155		16 (6) The exchange in the regular course of business of
1122	1156		17 (i) credit information between a credit union and other
1123	1157		18 credit unions or financial institutions or commercial
1124	1158		19 enterprises, directly or through a consumer reporting
1125	1159		20 agency or (ii) financial records or information derived
1126	1160		21 from financial records between a credit union and other
1127	1161		22 credit unions or financial institutions or commercial
1128	1162		23 enterprises for the purpose of conducting due diligence
1129	1163		24 pursuant to a merger or a purchase or sale of assets or
1130	1164		25 liabilities of the credit union.
1131	1165		26 (7) The furnishing of information to the appropriate
1132	1166
1133	1167
1134	1168
1135	1169
1136	1170
1137		-	SB1777 ~~Engrossed~~ - 33 - LRB104 09558 JRC 19621 b
1138		-
1139		-
1140		-	SB1777 ~~Engrossed~~- 34 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 34 - LRB104 09558 JRC 19621 b
1141		-	SB1777 ~~Engrossed~~ - 34 - LRB104 09558 JRC 19621 b
	1171	+	SB1777 - 33 - LRB104 09558 JRC 19621 b
	1172	+
	1173	+
	1174	+	SB1777- 34 -LRB104 09558 JRC 19621 b SB1777 - 34 - LRB104 09558 JRC 19621 b
	1175	+	SB1777 - 34 - LRB104 09558 JRC 19621 b
1142	1176		1 law enforcement authorities where the credit union
1143	1177		2 reasonably believes it has been the victim of a crime.
1144	1178		3 (8) The furnishing of information pursuant to the
1145	1179		4 Revised Uniform Unclaimed Property Act.
1146	1180		5 (9) The furnishing of information pursuant to the
1147	1181		6 Illinois Income Tax Act and the Illinois Estate and
1148	1182		7 Generation-Skipping Transfer Tax Act.
1149	1183		8 (10) The furnishing of information pursuant to the
1150	1184		9 federal Currency and Foreign Transactions Reporting Act,
1151	1185		10 Title 31, United States Code, Section 1051 et sequentia.
1152	1186		11 (11) The furnishing of information pursuant to any
1153	1187		12 other statute which by its terms or by regulations
1154	1188		13 promulgated thereunder requires the disclosure of
1155	1189		14 financial records other than by subpoena, summons, warrant
1156	1190		15 or court order.
1157	1191		16 (12) The furnishing of information in accordance with
1158	1192		17 the federal Personal Responsibility and Work Opportunity
1159	1193		18 Reconciliation Act of 1996. Any credit union governed by
1160	1194		19 this Act shall enter into an agreement for data exchanges
1161	1195		20 with a State agency provided the State agency pays to the
1162	1196		21 credit union a reasonable fee not to exceed its actual
1163	1197		22 cost incurred. A credit union providing information in
1164	1198		23 accordance with this item shall not be liable to any
1165	1199		24 account holder or other person for any disclosure of
1166	1200		25 information to a State agency, for encumbering or
1167	1201		26 surrendering any assets held by the credit union in
1168	1202
1169	1203
1170	1204
1171	1205
1172	1206
1173		-	SB1777 ~~Engrossed~~ - 34 - LRB104 09558 JRC 19621 b
1174		-
1175		-
1176		-	SB1777 ~~Engrossed~~- 35 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 35 - LRB104 09558 JRC 19621 b
1177		-	SB1777 ~~Engrossed~~ - 35 - LRB104 09558 JRC 19621 b
	1207	+	SB1777 - 34 - LRB104 09558 JRC 19621 b
	1208	+
	1209	+
	1210	+	SB1777- 35 -LRB104 09558 JRC 19621 b SB1777 - 35 - LRB104 09558 JRC 19621 b
	1211	+	SB1777 - 35 - LRB104 09558 JRC 19621 b
1178	1212		1 response to a lien or order to withhold and deliver issued
1179	1213		2 by a State agency, or for any other action taken pursuant
1180	1214		3 to this item, including individual or mechanical errors,
1181	1215		4 provided the action does not constitute gross negligence
1182	1216		5 or willful misconduct. A credit union shall have no
1183	1217		6 obligation to hold, encumber, or surrender assets until it
1184	1218		7 has been served with a subpoena, summons, warrant, court
1185	1219		8 or administrative order, lien, or levy.
1186	1220		9 (13) The furnishing of information to law enforcement
1187	1221		10 authorities, the Illinois Department on Aging and its
1188	1222		11 regional administrative and provider agencies, the
1189	1223		12 Department of Human Services Office of Inspector General,
1190	1224		13 or public guardians: (i) upon subpoena by the
1191	1225		14 investigatory entity or the guardian, or (ii) if there is
1192	1226		15 suspicion by the credit union that a member who is an
1193	1227		16 elderly person or person with a disability has been or may
1194	1228		17 become the victim of financial exploitation. For the
1195	1229		18 purposes of this item (13), the term: (i) "elderly person"
1196	1230		19 means a person who is 60 or more years of age, (ii) "person
1197	1231		20 with a disability" means a person who has or reasonably
1198	1232		21 appears to the credit union to have a physical or mental
1199	1233		22 disability that impairs his or her ability to seek or
1200	1234		23 obtain protection from or prevent financial exploitation,
1201	1235		24 and (iii) "financial exploitation" means tortious or
1202	1236		25 illegal use of the assets or resources of an elderly
1203	1237		26 person or person with a disability, and includes, without
1204	1238
1205	1239
1206	1240
1207	1241
1208	1242
1209		-	SB1777 ~~Engrossed~~ - 35 - LRB104 09558 JRC 19621 b
1210		-
1211		-
1212		-	SB1777 ~~Engrossed~~- 36 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 36 - LRB104 09558 JRC 19621 b
1213		-	SB1777 ~~Engrossed~~ - 36 - LRB104 09558 JRC 19621 b
	1243	+	SB1777 - 35 - LRB104 09558 JRC 19621 b
	1244	+
	1245	+
	1246	+	SB1777- 36 -LRB104 09558 JRC 19621 b SB1777 - 36 - LRB104 09558 JRC 19621 b
	1247	+	SB1777 - 36 - LRB104 09558 JRC 19621 b
1214	1248		1 limitation, misappropriation of the elderly or disabled
1215	1249		2 person's assets or resources by undue influence, breach of
1216	1250		3 fiduciary relationship, intimidation, fraud, deception,
1217	1251		4 extortion, or the use of assets or resources in any manner
1218	1252		5 contrary to law. A credit union or person furnishing
1219	1253		6 information pursuant to this item (13) shall be entitled
1220	1254		7 to the same rights and protections as a person furnishing
1221	1255		8 information under the Adult Protective Services Act and
1222	1256		9 the Illinois Domestic Violence Act of 1986.
1223	1257		10 (14) The disclosure of financial records or
1224	1258		11 information as necessary to effect, administer, or enforce
1225	1259		12 a transaction requested or authorized by the member, or in
1226	1260		13 connection with:
1227	1261		14 (A) servicing or processing a financial product or
1228	1262		15 service requested or authorized by the member;
1229	1263		16 (B) maintaining or servicing a member's account
1230	1264		17 with the credit union; or
1231	1265		18 (C) a proposed or actual securitization or
1232	1266		19 secondary market sale (including sales of servicing
1233	1267		20 rights) related to a transaction of a member.
1234	1268		21 Nothing in this item (14), however, authorizes the
1235	1269		22 sale of the financial records or information of a member
1236	1270		23 without the consent of the member.
1237	1271		24 (15) The disclosure of financial records or
1238	1272		25 information as necessary to protect against or prevent
1239	1273		26 actual or potential fraud, unauthorized transactions,
1240	1274
1241	1275
1242	1276
1243	1277
1244	1278
1245		-	SB1777 ~~Engrossed~~ - 36 - LRB104 09558 JRC 19621 b
1246		-
1247		-
1248		-	SB1777 ~~Engrossed~~- 37 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 37 - LRB104 09558 JRC 19621 b
1249		-	SB1777 ~~Engrossed~~ - 37 - LRB104 09558 JRC 19621 b
	1279	+	SB1777 - 36 - LRB104 09558 JRC 19621 b
	1280	+
	1281	+
	1282	+	SB1777- 37 -LRB104 09558 JRC 19621 b SB1777 - 37 - LRB104 09558 JRC 19621 b
	1283	+	SB1777 - 37 - LRB104 09558 JRC 19621 b
1250	1284		1 claims, or other liability.
1251	1285		2 (16)(a) The disclosure of financial records or
1252	1286		3 information related to a private label credit program
1253	1287		4 between a financial institution and a private label party
1254	1288		5 in connection with that private label credit program. Such
1255	1289		6 information is limited to outstanding balance, available
1256	1290		7 credit, payment and performance and account history,
1257	1291		8 product references, purchase information, and information
1258	1292		9 related to the identity of the customer.
1259	1293		10 (b)(1) For purposes of this item (16), "private label
1260	1294		11 credit program" means a credit program involving a
1261	1295		12 financial institution and a private label party that is
1262	1296		13 used by a customer of the financial institution and the
1263	1297		14 private label party primarily for payment for goods or
1264	1298		15 services sold, manufactured, or distributed by a private
1265	1299		16 label party.
1266	1300		17 (2) For purposes of this item (16), "private label
1267	1301		18 party" means, with respect to a private label credit
1268	1302		19 program, any of the following: a retailer, a merchant, a
1269	1303		20 manufacturer, a trade group, or any such person's
1270	1304		21 affiliate, subsidiary, member, agent, or service provider.
1271	1305		22 (17)(a) The furnishing of financial records of a
1272	1306		23 member to the Department to aid the Department's initial
1273	1307		24 determination or subsequent re-determination of the
1274	1308		25 member's eligibility for Medicaid and Medicaid long-term
1275	1309		26 care benefits for long-term care services, provided that
1276	1310
1277	1311
1278	1312
1279	1313
1280	1314
1281		-	SB1777 ~~Engrossed~~ - 37 - LRB104 09558 JRC 19621 b
1282		-
1283		-
1284		-	SB1777 ~~Engrossed~~- 38 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 38 - LRB104 09558 JRC 19621 b
1285		-	SB1777 ~~Engrossed~~ - 38 - LRB104 09558 JRC 19621 b
	1315	+	SB1777 - 37 - LRB104 09558 JRC 19621 b
	1316	+
	1317	+
	1318	+	SB1777- 38 -LRB104 09558 JRC 19621 b SB1777 - 38 - LRB104 09558 JRC 19621 b
	1319	+	SB1777 - 38 - LRB104 09558 JRC 19621 b
1286	1320		1 the credit union receives the written consent and
1287	1321		2 authorization of the member, which shall:
1288	1322		3 (1) have the member's signature notarized;
1289	1323		4 (2) be signed by at least one witness who
1290	1324		5 certifies that he or she believes the member to be of
1291	1325		6 sound mind and memory;
1292	1326		7 (3) be tendered to the credit union at the
1293	1327		8 earliest practicable time following its execution,
1294	1328		9 certification, and notarization;
1295	1329		10 (4) specifically limit the disclosure of the
1296	1330		11 member's financial records to the Department; and
1297	1331		12 (5) be in substantially the following form:
1298	1332		13 CUSTOMER CONSENT AND AUTHORIZATION
1299	1333		14 FOR RELEASE OF FINANCIAL RECORDS
1300	1334		15 I, ......................................., hereby authorize
1301	1335		16 (Name of Customer)
1302	1336		17 .............................................................
1303	1337		18 (Name of Financial Institution)
1304	1338		19 .............................................................
1305	1339		20 (Address of Financial Institution)
1306	1340		21 to disclose the following financial records:
1307	1341
1308	1342
1309	1343
1310	1344
1311	1345
1312		-	SB1777 ~~Engrossed~~ - 38 - LRB104 09558 JRC 19621 b
1313		-
1314		-
1315		-	SB1777 ~~Engrossed~~- 39 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 39 - LRB104 09558 JRC 19621 b
1316		-	SB1777 ~~Engrossed~~ - 39 - LRB104 09558 JRC 19621 b
	1346	+	SB1777 - 38 - LRB104 09558 JRC 19621 b
	1347	+
	1348	+
	1349	+	SB1777- 39 -LRB104 09558 JRC 19621 b SB1777 - 39 - LRB104 09558 JRC 19621 b
	1350	+	SB1777 - 39 - LRB104 09558 JRC 19621 b
1317	1351		1 any and all information concerning my deposit, savings, money
1318	1352		2 market, certificate of deposit, individual retirement,
1319	1353		3 retirement plan, 401(k) plan, incentive plan, employee benefit
1320	1354		4 plan, mutual fund and loan accounts (including, but not
1321	1355		5 limited to, any indebtedness or obligation for which I am a
1322	1356		6 co-borrower, co-obligor, guarantor, or surety), and any and
1323	1357		7 all other accounts in which I have an interest and any other
1324	1358		8 information regarding me in the possession of the Financial
1325	1359		9 Institution,
1326	1360		10 to the Illinois Department of Human Services or the Illinois
1327	1361		11 Department of Healthcare and Family Services, or both ("the
1328	1362		12 Department"), for the following purpose(s):
1329	1363		13 to aid in the initial determination or re-determination by the
1330	1364		14 State of Illinois of my eligibility for Medicaid long-term
1331	1365		15 care benefits, pursuant to applicable law.
1332	1366		16 I understand that this Consent and Authorization may be
1333	1367		17 revoked by me in writing at any time before my financial
1334	1368		18 records, as described above, are disclosed, and that this
1335	1369		19 Consent and Authorization is valid until the Financial
1336	1370		20 Institution receives my written revocation. This Consent and
1337	1371		21 Authorization shall constitute valid authorization for the
1338	1372		22 Department identified above to inspect all such financial
1339	1373
1340	1374
1341	1375
1342	1376
1343	1377
1344		-	SB1777 ~~Engrossed~~ - 39 - LRB104 09558 JRC 19621 b
1345		-
1346		-
1347		-	SB1777 ~~Engrossed~~- 40 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 40 - LRB104 09558 JRC 19621 b
1348		-	SB1777 ~~Engrossed~~ - 40 - LRB104 09558 JRC 19621 b
	1378	+	SB1777 - 39 - LRB104 09558 JRC 19621 b
	1379	+
	1380	+
	1381	+	SB1777- 40 -LRB104 09558 JRC 19621 b SB1777 - 40 - LRB104 09558 JRC 19621 b
	1382	+	SB1777 - 40 - LRB104 09558 JRC 19621 b
1349	1383		1 records set forth above, and to request and receive copies of
1350	1384		2 such financial records from the Financial Institution (subject
1351	1385		3 to such records search and reproduction reimbursement policies
1352	1386		4 as the Financial Institution may have in place). An executed
1353	1387		5 copy of this Consent and Authorization shall be sufficient and
1354	1388		6 as good as the original and permission is hereby granted to
1355	1389		7 honor a photostatic or electronic copy of this Consent and
1356	1390		8 Authorization. Disclosure is strictly limited to the
1357	1391		9 Department identified above and no other person or entity
1358	1392		10 shall receive my financial records pursuant to this Consent
1359	1393		11 and Authorization. By signing this form, I agree to indemnify
1360	1394		12 and hold the Financial Institution harmless from any and all
1361	1395		13 claims, demands, and losses, including reasonable attorneys
1362	1396		14 fees and expenses, arising from or incurred in its reliance on
1363	1397		15 this Consent and Authorization. As used herein, "Customer"
1364	1398		16 shall mean "Member" if the Financial Institution is a credit
1365	1399		17 union.
1366	1400		18 ....................... ......................
1367	1401		19 (Date) (Signature of Customer)
1368	1402		20 ......................
1369	1403		21 ......................
1370	1404		22 (Address of Customer)
1371	1405		23 ......................
1372	1406
1373	1407
1374	1408
1375	1409
1376	1410
1377		-	SB1777 ~~Engrossed~~ - 40 - LRB104 09558 JRC 19621 b
1378		-
1379		-
1380		-	SB1777 ~~Engrossed~~- 41 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 41 - LRB104 09558 JRC 19621 b
1381		-	SB1777 ~~Engrossed~~ - 41 - LRB104 09558 JRC 19621 b
	1411	+	SB1777 - 40 - LRB104 09558 JRC 19621 b
	1412	+
	1413	+
	1414	+	SB1777- 41 -LRB104 09558 JRC 19621 b SB1777 - 41 - LRB104 09558 JRC 19621 b
	1415	+	SB1777 - 41 - LRB104 09558 JRC 19621 b
1382	1416		1 (Customer's birth date)
1383	1417		2 (month/day/year)
1384	1418		3 The undersigned witness certifies that .................,
1385	1419		4 known to me to be the same person whose name is subscribed as
1386	1420		5 the customer to the foregoing Consent and Authorization,
1387	1421		6 appeared before me and the notary public and acknowledged
1388	1422		7 signing and delivering the instrument as his or her free and
1389	1423		8 voluntary act for the uses and purposes therein set forth. I
1390	1424		9 believe him or her to be of sound mind and memory. The
1391	1425		10 undersigned witness also certifies that the witness is not an
1392	1426		11 owner, operator, or relative of an owner or operator of a
1393	1427		12 long-term care facility in which the customer is a patient or
1394	1428		13 resident.
1395	1429		14 Dated: ................. ......................
1396	1430		15 (Signature of Witness)
1397	1431		16 ......................
1398	1432		17 (Print Name of Witness)
1399	1433		18 ......................
1400	1434		19 ......................
1401	1435		20 (Address of Witness)
1402	1436		21 State of Illinois)
1403	1437
1404	1438
1405	1439
1406	1440
1407	1441
1408		-	SB1777 ~~Engrossed~~ - 41 - LRB104 09558 JRC 19621 b
1409		-
1410		-
1411		-	SB1777 ~~Engrossed~~- 42 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 42 - LRB104 09558 JRC 19621 b
1412		-	SB1777 ~~Engrossed~~ - 42 - LRB104 09558 JRC 19621 b
	1442	+	SB1777 - 41 - LRB104 09558 JRC 19621 b
	1443	+
	1444	+
	1445	+	SB1777- 42 -LRB104 09558 JRC 19621 b SB1777 - 42 - LRB104 09558 JRC 19621 b
	1446	+	SB1777 - 42 - LRB104 09558 JRC 19621 b
1413	1447		1 ) ss.
1414	1448		2 County of .......)
1415	1449		3 The undersigned, a notary public in and for the above county
1416	1450		4 and state, certifies that .........., known to me to be the
1417	1451		5 same person whose name is subscribed as the customer to the
1418	1452		6 foregoing Consent and Authorization, appeared before me
1419	1453		7 together with the witness, .........., in person and
1420	1454		8 acknowledged signing and delivering the instrument as the free
1421	1455		9 and voluntary act of the customer for the uses and purposes
1422	1456		10 therein set forth.
1423	1457		11 Dated:.......................................................
1424	1458		12 Notary Public:...............................................
1425	1459		13 My commission expires:.......................................
1426	1460		14 (b) In no event shall the credit union distribute the
1427	1461		15 member's financial records to the long-term care facility
1428	1462		16 from which the member seeks initial or continuing
1429	1463		17 residency or long-term care services.
1430	1464		18 (c) A credit union providing financial records of a
1431	1465		19 member in good faith relying on a consent and
1432	1466		20 authorization executed and tendered in accordance with
1433	1467		21 this item (17) shall not be liable to the member or any
1434	1468		22 other person in relation to the credit union's disclosure
1435	1469		23 of the member's financial records to the Department. The
1436	1470
1437	1471
1438	1472
1439	1473
1440	1474
1441		-	SB1777 ~~Engrossed~~ - 42 - LRB104 09558 JRC 19621 b
1442		-
1443		-
1444		-	SB1777 ~~Engrossed~~- 43 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 43 - LRB104 09558 JRC 19621 b
1445		-	SB1777 ~~Engrossed~~ - 43 - LRB104 09558 JRC 19621 b
	1475	+	SB1777 - 42 - LRB104 09558 JRC 19621 b
	1476	+
	1477	+
	1478	+	SB1777- 43 -LRB104 09558 JRC 19621 b SB1777 - 43 - LRB104 09558 JRC 19621 b
	1479	+	SB1777 - 43 - LRB104 09558 JRC 19621 b
1446	1480		1 member signing the consent and authorization shall
1447	1481		2 indemnify and hold the credit union harmless that relies
1448	1482		3 in good faith upon the consent and authorization and
1449	1483		4 incurs a loss because of such reliance. The credit union
1450	1484		5 recovering under this indemnification provision shall also
1451	1485		6 be entitled to reasonable attorney's fees and the expenses
1452	1486		7 of recovery.
1453	1487		8 (d) A credit union shall be reimbursed by the member
1454	1488		9 for all costs reasonably necessary and directly incurred
1455	1489		10 in searching for, reproducing, and disclosing a member's
1456	1490		11 financial records required or requested to be produced
1457	1491		12 pursuant to any consent and authorization executed under
1458	1492		13 this item (17). The requested financial records shall be
1459	1493		14 delivered to the Department within 10 days after receiving
1460	1494		15 a properly executed consent and authorization or at the
1461	1495		16 earliest practicable time thereafter if the requested
1462	1496		17 records cannot be delivered within 10 days, but delivery
1463	1497		18 may be delayed until the final reimbursement of all costs
1464	1498		19 is received by the credit union. The credit union may
1465	1499		20 honor a photostatic or electronic copy of a properly
1466	1500		21 executed consent and authorization.
1467	1501		22 (e) Nothing in this item (17) shall impair, abridge,
1468	1502		23 or abrogate the right of a member to:
1469	1503		24 (1) directly disclose his or her financial records
1470	1504		25 to the Department or any other person; or
1471	1505		26 (2) authorize his or her attorney or duly
1472	1506
1473	1507
1474	1508
1475	1509
1476	1510
1477		-	SB1777 ~~Engrossed~~ - 43 - LRB104 09558 JRC 19621 b
1478		-
1479		-
1480		-	SB1777 ~~Engrossed~~- 44 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 44 - LRB104 09558 JRC 19621 b
1481		-	SB1777 ~~Engrossed~~ - 44 - LRB104 09558 JRC 19621 b
	1511	+	SB1777 - 43 - LRB104 09558 JRC 19621 b
	1512	+
	1513	+
	1514	+	SB1777- 44 -LRB104 09558 JRC 19621 b SB1777 - 44 - LRB104 09558 JRC 19621 b
	1515	+	SB1777 - 44 - LRB104 09558 JRC 19621 b
1482	1516		1 appointed agent to request and obtain the member's
1483	1517		2 financial records and disclose those financial records
1484	1518		3 to the Department.
1485	1519		4 (f) For purposes of this item (17), "Department" means
1486	1520		5 the Department of Human Services and the Department of
1487	1521		6 Healthcare and Family Services or any successor
1488	1522		7 administrative agency of either agency.
1489	1523		8 (18) The furnishing of the financial records of a
1490	1524		9 member to an appropriate law enforcement authority,
1491	1525		10 without prior notice to or consent of the member, upon
1492	1526		11 written request of the law enforcement authority, when
1493	1527		12 reasonable suspicion of an imminent threat to the personal
1494	1528		13 security and safety of the member exists that necessitates
1495	1529		14 an expedited release of the member's financial records, as
1496	1530		15 determined by the law enforcement authority. The law
1497	1531		16 enforcement authority shall include a brief explanation of
1498	1532		17 the imminent threat to the member in its written request
1499	1533		18 to the credit union. The written request shall reflect
1500	1534		19 that it has been authorized by a supervisory or managerial
1501	1535		20 official of the law enforcement authority. The decision to
1502	1536		21 furnish the financial records of a member to a law
1503	1537		22 enforcement authority shall be made by a supervisory or
1504	1538		23 managerial official of the credit union. A credit union
1505	1539		24 providing information in accordance with this item (18)
1506	1540		25 shall not be liable to the member or any other person for
1507	1541		26 the disclosure of the information to the law enforcement
1508	1542
1509	1543
1510	1544
1511	1545
1512	1546
1513		-	SB1777 ~~Engrossed~~ - 44 - LRB104 09558 JRC 19621 b
1514		-
1515		-
1516		-	SB1777 ~~Engrossed~~- 45 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 45 - LRB104 09558 JRC 19621 b
1517		-	SB1777 ~~Engrossed~~ - 45 - LRB104 09558 JRC 19621 b
	1547	+	SB1777 - 44 - LRB104 09558 JRC 19621 b
	1548	+
	1549	+
	1550	+	SB1777- 45 -LRB104 09558 JRC 19621 b SB1777 - 45 - LRB104 09558 JRC 19621 b
	1551	+	SB1777 - 45 - LRB104 09558 JRC 19621 b
1518	1552		1 authority.
1519	1553		2 (19) The furnishing of financial information to the
1520	1554		3 executor, executrix, administrator, or other lawful
1521	1555		4 representative of the estate of a member.
1522	1556		5 (c) Except as otherwise provided by this Act, a credit
1523	1557		6 union may not disclose to any person, except to the member or
1524	1558		7 his duly authorized agent, any financial records relating to
1525	1559		8 that member of the credit union unless:
1526	1560		9 (1) the member has authorized disclosure to the
1527	1561		10 person;
1528	1562		11 (2) the financial records are disclosed in response to
1529	1563		12 a lawful subpoena, summons, warrant, citation to discover
1530	1564		13 assets, or court order that meets the requirements of
1531	1565		14 subparagraph (3)(d) of this Section; or
1532	1566		15 (3) the credit union is attempting to collect an
1533	1567		16 obligation owed to the credit union and the credit union
1534	1568		17 complies with the provisions of Section 2I of the Consumer
1535	1569		18 Fraud and Deceptive Business Practices Act.
1536	1570		19 (d) A credit union shall disclose financial records under
1537	1571		20 item (3)(c)(2) of this Section pursuant to a lawful subpoena,
1538	1572		21 summons, warrant, citation to discover assets, or court order
1539	1573		22 only after the credit union sends a copy of the subpoena,
1540	1574		23 summons, warrant, citation to discover assets, or court order
1541	1575		24 to the person establishing the relationship with the credit
1542	1576		25 union, if living, and otherwise the person's personal
1543	1577		26 representative, if known, at the person's last known address
1544	1578
1545	1579
1546	1580
1547	1581
1548	1582
1549		-	SB1777 ~~Engrossed~~ - 45 - LRB104 09558 JRC 19621 b
1550		-
1551		-
1552		-	SB1777 ~~Engrossed~~- 46 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 46 - LRB104 09558 JRC 19621 b
1553		-	SB1777 ~~Engrossed~~ - 46 - LRB104 09558 JRC 19621 b
	1583	+	SB1777 - 45 - LRB104 09558 JRC 19621 b
	1584	+
	1585	+
	1586	+	SB1777- 46 -LRB104 09558 JRC 19621 b SB1777 - 46 - LRB104 09558 JRC 19621 b
	1587	+	SB1777 - 46 - LRB104 09558 JRC 19621 b
1554	1588		1 by first class mail, postage prepaid, through a third-party
1555	1589		2 commercial carrier or courier with delivery charge fully
1556	1590		3 prepaid, by hand delivery, or by electronic delivery at an
1557	1591		4 email address on file with the credit union (if the person
1558	1592		5 establishing the relationship with the credit union has
1559	1593		6 consented to receive electronic delivery and, if the person
1560	1594		7 establishing the relationship with the credit union is a
1561	1595		8 consumer, the person has consented under the consumer consent
1562	1596		9 provisions set forth in Section 7001 of Title 15 of the United
1563	1597		10 States Code), unless the credit union is specifically
1564	1598		11 prohibited from notifying the person by order of court or by
1565	1599		12 applicable State or federal law. In the case of a grand jury
1566	1600		13 subpoena, a credit union shall not mail a copy of a subpoena to
1567	1601		14 any person pursuant to this subsection if the subpoena was
1568	1602		15 issued by a grand jury under the Statewide Grand Jury Act or
1569	1603		16 notifying the person would constitute a violation of the
1570	1604		17 federal Right to Financial Privacy Act of 1978.
1571	1605		18 (e)(1) Any officer or employee of a credit union who
1572	1606		19 knowingly and willfully furnishes financial records in
1573	1607		20 violation of this Section is guilty of a business offense and
1574	1608		21 upon conviction thereof shall be fined not more than $1,000.
1575	1609		22 (2) Any person who knowingly and willfully induces or
1576	1610		23 attempts to induce any officer or employee of a credit union to
1577	1611		24 disclose financial records in violation of this Section is
1578	1612		25 guilty of a business offense and upon conviction thereof shall
1579	1613		26 be fined not more than $1,000.
1580	1614
1581	1615
1582	1616
1583	1617
1584	1618
1585		-	SB1777 ~~Engrossed~~ - 46 - LRB104 09558 JRC 19621 b
1586		-
1587		-
1588		-	SB1777 ~~Engrossed~~- 47 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 47 - LRB104 09558 JRC 19621 b
1589		-	SB1777 ~~Engrossed~~ - 47 - LRB104 09558 JRC 19621 b
	1619	+	SB1777 - 46 - LRB104 09558 JRC 19621 b
	1620	+
	1621	+
	1622	+	SB1777- 47 -LRB104 09558 JRC 19621 b SB1777 - 47 - LRB104 09558 JRC 19621 b
	1623	+	SB1777 - 47 - LRB104 09558 JRC 19621 b
1590	1624		1 (f) A credit union shall be reimbursed for costs which are
1591	1625		2 reasonably necessary and which have been directly incurred in
1592	1626		3 searching for, reproducing or transporting books, papers,
1593	1627		4 records or other data of a member required or requested to be
1594	1628		5 produced pursuant to a lawful subpoena, summons, warrant,
1595	1629		6 citation to discover assets, or court order. The Secretary and
1596	1630		7 the Director may determine, by rule, the rates and conditions
1597	1631		8 under which payment shall be made. Delivery of requested
1598	1632		9 documents may be delayed until final reimbursement of all
1599	1633		10 costs is received.
1600	1634		11 (Source: P.A. 101-81, eff. 7-12-19; 102-873, eff. 5-13-22.)
1601	1635		12 Section 20. The Illinois Trust and Payable on Death
1602	1636		13 Accounts Act is amended by changing Section 4 as follows:
1603	1637		14 (205 ILCS 625/4) (from Ch. 17, par. 2134)
1604	1638		15 Sec. 4. Payable on Death Account Incidents. If one or more
1605	1639		16 persons opening or holding an account sign an agreement with
1606	1640		17 the institution providing that on the death of the last
1607	1641		18 surviving person designated as holder the account shall be
1608	1642		19 paid to or held by one or more designated beneficiaries, the
1609	1643		20 account, and any balance therein which exists from time to
1610	1644		21 time, shall be held as a payment on death account and unless
1611	1645		22 otherwise agreed in writing between the person or persons
1612	1646		23 opening or holding the account and the institution:
1613	1647		24 (a) Any holder during his or her lifetime may change any of
1614	1648
1615	1649
1616	1650
1617	1651
1618	1652
1619		-	SB1777 ~~Engrossed~~ - 47 - LRB104 09558 JRC 19621 b
1620		-
1621		-
1622		-	SB1777 ~~Engrossed~~- 48 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 48 - LRB104 09558 JRC 19621 b
1623		-	SB1777 ~~Engrossed~~ - 48 - LRB104 09558 JRC 19621 b
	1653	+	SB1777 - 47 - LRB104 09558 JRC 19621 b
	1654	+
	1655	+
	1656	+	SB1777- 48 -LRB104 09558 JRC 19621 b SB1777 - 48 - LRB104 09558 JRC 19621 b
	1657	+	SB1777 - 48 - LRB104 09558 JRC 19621 b
1624	1658		1 the designated beneficiaries to own the account at the death
1625	1659		2 of the last surviving holder without the knowledge or consent
1626	1660		3 of any other holder or the designated beneficiaries by a
1627	1661		4 written instrument accepted by the institution;
1628	1662		5 (b) Any holder may make additional deposits to and
1629	1663		6 withdraw any part or all of the account at any time without the
1630	1664		7 knowledge or consent of any other holder or the designated
1631	1665		8 beneficiaries to own the account at the death of the last
1632	1666		9 surviving holder, subject to the bylaws and regulations of the
1633	1667		10 institution, and all withdrawals shall constitute a revocation
1634	1668		11 of the agreement as to the amount withdrawn; and
1635	1669		12 (c) Upon the death of the last surviving holder of the
1636	1670		13 account, the beneficiary designated to be the owner of the
1637	1671		14 account (i) who is then living, if the beneficiary is a natural
1638	1672		15 person, or (ii) that maintains a lawful existence under the
1639	1673		16 state or federal authority pursuant to which it was organized,
1640	1674		17 if the beneficiary is not a natural person, shall be the sole
1641	1675		18 owner of the account. If , unless more than one beneficiary is
1642	1676		19 so designated and then living or in existence, then in which
1643	1677		20 case those beneficiaries shall hold the account in equal
1644	1678		21 shares as tenants in common with no right of survivorship as
1645	1679		22 between those beneficiaries; and .
1646	1680		23 (d) Notwithstanding anything to the contrary in subsection
1647	1681		24 (c), any holder of the account may elect a per stirpes
1648	1682		25 distribution option to the descendants of a natural person
1649	1683		26 beneficiary if the beneficiary predeceases the last surviving
1650	1684
1651	1685
1652	1686
1653	1687
1654	1688
1655		-	SB1777 ~~Engrossed~~ - 48 - LRB104 09558 JRC 19621 b
1656		-
1657		-
1658		-	SB1777 ~~Engrossed~~- 49 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 49 - LRB104 09558 JRC 19621 b
1659		-	SB1777 ~~Engrossed~~ - 49 - LRB104 09558 JRC 19621 b
	1689	+	SB1777 - 48 - LRB104 09558 JRC 19621 b
	1690	+
	1691	+
	1692	+	SB1777- 49 -LRB104 09558 JRC 19621 b SB1777 - 49 - LRB104 09558 JRC 19621 b
	1693	+	SB1777 - 49 - LRB104 09558 JRC 19621 b
1660	1694		1 holder of the account. The institution may rely on the account
1661	1695		2 holder's written representation of the identity of the
1662	1696		3 descendants of each beneficiary living at the time of the
1663	1697		4 beneficiary designation. The institution may also rely on an
1664	1698		5 affidavit executed by a natural person beneficiary or
1665	1699		6 descendant of a natural person beneficiary of the last
1666	1700		7 surviving holder of the account upon or after the death of the
1667	1701		8 account holder that identifies the descendants of any
1668	1702		9 predeceased natural person beneficiary. The total percentage
1669	1703		10 of the account to be distributed to all beneficiaries upon the
1670	1704		11 death of the last surviving holder of the account must equal
1671	1705		12 100%. If no beneficiary designated as the owner of the account
1672	1706		13 on the death of the last surviving holder is then living or in
1673	1707		14 existence, or if a per stirpes distribution has been selected
1674	1708		15 and no descendant of a natural person beneficiary is then
1675	1709		16 living, then the proceeds shall vest in the estate of the last
1676	1710		17 surviving holder of the account.
1677	1711		18 (Source: P.A. 96-1151, eff. 7-21-10.)
1678	1712		19 Section 25. The Financial Institutions Electronic
1679	1713		20 Documents and Digital Signature Act is amended by changing
1680	1714		21 Section 10 as follows:
1681	1715		22 (205 ILCS 705/10)
1682	1716		23 Sec. 10. Electronic documents; digital signatures;
1683	1717		24 electronic notices.
1684	1718
1685	1719
1686	1720
1687	1721
1688	1722
1689		-	SB1777 ~~Engrossed~~ - 49 - LRB104 09558 JRC 19621 b
1690		-
1691		-
1692		-	SB1777 ~~Engrossed~~- 50 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 50 - LRB104 09558 JRC 19621 b
1693		-	SB1777 ~~Engrossed~~ - 50 - LRB104 09558 JRC 19621 b
	1723	+	SB1777 - 49 - LRB104 09558 JRC 19621 b
	1724	+
	1725	+
	1726	+	SB1777- 50 -LRB104 09558 JRC 19621 b SB1777 - 50 - LRB104 09558 JRC 19621 b
	1727	+	SB1777 - 50 - LRB104 09558 JRC 19621 b
1694	1728		1 (a) Electronic documents. If in the regular course of
1695	1729		2 business, a financial institution possesses, records, or
1696	1730		3 generates any document, representation, image, substitute
1697	1731		4 check, reproduction, or combination thereof, of any agreement,
1698	1732		5 transaction, act, occurrence, or event by any electronic or
1699	1733		6 computer-generated process that accurately reproduces,
1700	1734		7 comprises, or records the agreement, transaction, act,
1701	1735		8 occurrence, or event, the recording, comprising, or
1702	1736		9 reproduction shall have the same force and effect under the
1703	1737		10 laws of this State as one comprised, recorded, or created on
1704	1738		11 paper or other tangible form by writing, typing, printing, or
1705	1739		12 similar means.
1706	1740		13 (b) Digital signatures. In any communication,
1707	1741		14 acknowledgement, agreement, or contract between a financial
1708	1742		15 institution and its customer, in which a signature is required
1709	1743		16 or used, any party to the communication, acknowledgement,
1710	1744		17 agreement, or contract may affix a signature by use of a
1711	1745		18 digital signature, and the digital signature, when lawfully
1712	1746		19 used by the person whose signature it purports to be, shall
1713	1747		20 have the same force and effect as the use of a manual signature
1714	1748		21 if it is unique to the person using it, is capable of
1715	1749		22 verification, is under the sole control of the person using
1716	1750		23 it, and is linked to data in such a manner that if the data are
1717	1751		24 changed, the digital signature is invalidated. Nothing in this
1718	1752		25 Section shall require any financial institution or customer to
1719	1753		26 use or permit the use of a digital signature.
1720	1754
1721	1755
1722	1756
1723	1757
1724	1758
1725		-	SB1777 ~~Engrossed~~ - 50 - LRB104 09558 JRC 19621 b
1726		-
1727		-
1728		-	SB1777 ~~Engrossed~~- 51 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 51 - LRB104 09558 JRC 19621 b
1729		-	SB1777 ~~Engrossed~~ - 51 - LRB104 09558 JRC 19621 b
	1759	+	SB1777 - 50 - LRB104 09558 JRC 19621 b
	1760	+
	1761	+
	1762	+	SB1777- 51 -LRB104 09558 JRC 19621 b SB1777 - 51 - LRB104 09558 JRC 19621 b
	1763	+	SB1777 - 51 - LRB104 09558 JRC 19621 b
1730	1764		1 (c) Electronic notices.
1731	1765		2 (1) Consent to electronic records. If a statute,
1732	1766		3 regulation, or other rule of law requires that information
1733	1767		4 relating to a transaction or transactions in or affecting
1734	1768		5 intrastate commerce in this State be provided or made
1735	1769		6 available by a financial institution to a consumer in
1736	1770		7 writing, the use of an electronic record to provide or
1737	1771		8 make available that information satisfies the requirement
1738	1772		9 that the information be in writing if:
1739	1773		10 (A) the consumer has affirmatively consented to
1740	1774		11 the use of an electronic record to provide or make
1741	1775		12 available that information and has not withdrawn
1742	1776		13 consent;
1743	1777		14 (B) the consumer, prior to consenting, is provided
1744	1778		15 with a clear and conspicuous statement:
1745	1779		16 (i) informing the consumer of:
1746	1780		17 (I) any right or option of the consumer to
1747	1781		18 have the record provided or made available on
1748	1782		19 paper or in nonelectronic form, and
1749	1783		20 (II) the right of the consumer to withdraw
1750	1784		21 the consent to have the record provided or
1751	1785		22 made available in an electronic form and of
1752	1786		23 any conditions, consequences (which may
1753	1787		24 include termination of the parties'
1754	1788		25 relationship), or fees in the event of a
1755	1789		26 withdrawal of consent;
1756	1790
1757	1791
1758	1792
1759	1793
1760	1794
1761		-	SB1777 ~~Engrossed~~ - 51 - LRB104 09558 JRC 19621 b
1762		-
1763		-
1764		-	SB1777 ~~Engrossed~~- 52 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 52 - LRB104 09558 JRC 19621 b
1765		-	SB1777 ~~Engrossed~~ - 52 - LRB104 09558 JRC 19621 b
	1795	+	SB1777 - 51 - LRB104 09558 JRC 19621 b
	1796	+
	1797	+
	1798	+	SB1777- 52 -LRB104 09558 JRC 19621 b SB1777 - 52 - LRB104 09558 JRC 19621 b
	1799	+	SB1777 - 52 - LRB104 09558 JRC 19621 b
1766	1800		1 (ii) informing the consumer of whether the
1767	1801		2 consent applies:
1768	1802		3 (I) only to the particular transaction
1769	1803		4 that gave rise to the obligation to provide
1770	1804		5 the record, or
1771	1805		6 (II) to identified categories of records
1772	1806		7 that may be provided or made available during
1773	1807		8 the course of the parties' relationship;
1774	1808		9 (iii) describing the procedures the consumer
1775	1809		10 must use to withdraw consent, as provided in
1776	1810		11 clause (i), and to update information needed to
1777	1811		12 contact the consumer electronically; and
1778	1812		13 (iv) informing the consumer:
1779	1813		14 (I) how, after the consent, the consumer
1780	1814		15 may, upon request, obtain a paper copy of an
1781	1815		16 electronic record, and
1782	1816		17 (II) whether any fee will be charged for a
1783	1817		18 paper copy;
1784	1818		19 (C) the consumer:
1785	1819		20 (i) prior to consenting, is provided with a
1786	1820		21 statement of the hardware and software
1787	1821		22 requirements for access to and retention of the
1788	1822		23 electronic records; and
1789	1823		24 (ii) consents electronically, or confirms his
1790	1824		25 or her consent electronically, in a manner that
1791	1825		26 reasonably demonstrates that the consumer can
1792	1826
1793	1827
1794	1828
1795	1829
1796	1830
1797		-	SB1777 ~~Engrossed~~ - 52 - LRB104 09558 JRC 19621 b
1798		-
1799		-
1800		-	SB1777 ~~Engrossed~~- 53 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 53 - LRB104 09558 JRC 19621 b
1801		-	SB1777 ~~Engrossed~~ - 53 - LRB104 09558 JRC 19621 b
	1831	+	SB1777 - 52 - LRB104 09558 JRC 19621 b
	1832	+
	1833	+
	1834	+	SB1777- 53 -LRB104 09558 JRC 19621 b SB1777 - 53 - LRB104 09558 JRC 19621 b
	1835	+	SB1777 - 53 - LRB104 09558 JRC 19621 b
1802	1836		1 access information in the electronic form that
1803	1837		2 will be used to provide the information that is
1804	1838		3 the subject of the consent; and
1805	1839		4 (D) after the consent of a consumer in accordance
1806	1840		5 with subparagraph (A), if a change in the hardware or
1807	1841		6 software requirements needed to access or retain
1808	1842		7 electronic records creates a material risk that the
1809	1843		8 consumer will not be able to access or retain a
1810	1844		9 subsequent electronic record that was the subject of
1811	1845		10 the consent, the person providing the electronic
1812	1846		11 record:
1813	1847		12 (i) provides the consumer with a statement of:
1814	1848		13 (I) the revised hardware and software
1815	1849		14 requirements for access to and retention of
1816	1850		15 the electronic records, and
1817	1851		16 (II) the right to withdraw consent without
1818	1852		17 the imposition of any fees for the withdrawal
1819	1853		18 and without the imposition of any condition or
1820	1854		19 consequence that was not disclosed under
1821	1855		20 subparagraph (B)(i); and
1822	1856		21 (ii) again complies with subparagraph (C).
1823	1857		22 (2) Other rights.
1824	1858		23 (A) Preservation of consumer protections. Nothing
1825	1859		24 in this subsection (c) affects the content or timing
1826	1860		25 of any disclosure or other record required to be
1827	1861		26 provided or made available to any consumer under any
1828	1862
1829	1863
1830	1864
1831	1865
1832	1866
1833		-	SB1777 ~~Engrossed~~ - 53 - LRB104 09558 JRC 19621 b
1834		-
1835		-
1836		-	SB1777 ~~Engrossed~~- 54 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 54 - LRB104 09558 JRC 19621 b
1837		-	SB1777 ~~Engrossed~~ - 54 - LRB104 09558 JRC 19621 b
	1867	+	SB1777 - 53 - LRB104 09558 JRC 19621 b
	1868	+
	1869	+
	1870	+	SB1777- 54 -LRB104 09558 JRC 19621 b SB1777 - 54 - LRB104 09558 JRC 19621 b
	1871	+	SB1777 - 54 - LRB104 09558 JRC 19621 b
1838	1872		1 statute, regulation, or other rule of law.
1839	1873		2 (B) Verification or acknowledgment. If a law that
1840	1874		3 was enacted prior to this amendatory Act of the 95th
1841	1875		4 General Assembly expressly requires a record to be
1842	1876		5 provided or made available by a specified method that
1843	1877		6 requires verification or acknowledgment of receipt,
1844	1878		7 the record may be provided or made available
1845	1879		8 electronically only if the method used provides the
1846	1880		9 required verification or acknowledgment of receipt.
1847	1881		10 (2.5) Consent to electronic transactions given by the
1848	1882		11 customer pursuant to the federal Electronic Signatures in
1849	1883		12 Global and National Commerce Act, 15 U.S.C. 7001, shall
1850	1884		13 satisfy the consent requirements of this Act.
1851	1885		14 (3) Effect of failure to obtain electronic consent or
1852	1886		15 confirmation of consent. The legal effectiveness,
1853	1887		16 validity, or enforceability of any contract executed by a
1854	1888		17 consumer shall not be denied solely because of the failure
1855	1889		18 to obtain electronic consent or confirmation of consent by
1856	1890		19 that consumer in accordance with paragraph (1)(C)(ii).
1857	1891		20 (4) Prospective effect. Withdrawal of consent by a
1858	1892		21 consumer shall not affect the legal effectiveness,
1859	1893		22 validity, or enforceability of electronic records provided
1860	1894		23 or made available to that consumer in accordance with
1861	1895		24 paragraph (1) prior to implementation of the consumer's
1862	1896		25 withdrawal of consent. A consumer's withdrawal of consent
1863	1897		26 shall be effective within a reasonable period of time
1864	1898
1865	1899
1866	1900
1867	1901
1868	1902
1869		-	SB1777 ~~Engrossed~~ - 54 - LRB104 09558 JRC 19621 b
1870		-
1871		-
1872		-	SB1777 ~~Engrossed~~- 55 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 55 - LRB104 09558 JRC 19621 b
1873		-	SB1777 ~~Engrossed~~ - 55 - LRB104 09558 JRC 19621 b
	1903	+	SB1777 - 54 - LRB104 09558 JRC 19621 b
	1904	+
	1905	+
	1906	+	SB1777- 55 -LRB104 09558 JRC 19621 b SB1777 - 55 - LRB104 09558 JRC 19621 b
	1907	+	SB1777 - 55 - LRB104 09558 JRC 19621 b
1874	1908		1 after receipt of the withdrawal by the provider of the
1875	1909		2 record. Failure to comply with paragraph (1)(D) may, at
1876	1910		3 the election of the consumer, be treated as a withdrawal
1877	1911		4 of consent for purposes of this paragraph.
1878	1912		5 (5) Prior consent. This subsection does not apply to
1879	1913		6 any records that are provided or made available to a
1880	1914		7 consumer who has consented prior to the effective date of
1881	1915		8 this amendatory Act of the 95th General Assembly to
1882	1916		9 receive the records in electronic form as permitted by any
1883	1917		10 statute, regulation, or other rule of law.
1884	1918		11 (6) Oral communications. An oral communication or a
1885	1919		12 recording of an oral communication shall not qualify as an
1886	1920		13 electronic record for purposes of this subsection (c),
1887	1921		14 except as otherwise provided under applicable law.
1888	1922		15 (Source: P.A. 94-458, eff. 8-4-05; 95-77, eff. 8-13-07.)
1889	1923		16 Section 30. The Probate Act of 1975 is amended by changing
1890	1924		17 Sections 6-13, 6-15, and 9-3 as follows:
1891	1925		18 (755 ILCS 5/6-13) (from Ch. 110 1/2, par. 6-13)
1892	1926		19 Sec. 6-13. Who may act as executor.
1893	1927		20 (a) A person who has attained the age of 18 years, is a
1894	1928		21 resident of the United States, is not of unsound mind, is not
1895	1929		22 an adjudged person with a disability as defined in this Act, is
1896	1930		23 not currently incarcerated in State or federal prison, and,
1897	1931		24 except as provided in subsection (c), has not been convicted
1898	1932
1899	1933
1900	1934
1901	1935
1902	1936
1903		-	SB1777 ~~Engrossed~~ - 55 - LRB104 09558 JRC 19621 b
1904		-
1905		-
1906		-	SB1777 ~~Engrossed~~- 56 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 56 - LRB104 09558 JRC 19621 b
1907		-	SB1777 ~~Engrossed~~ - 56 - LRB104 09558 JRC 19621 b
	1937	+	SB1777 - 55 - LRB104 09558 JRC 19621 b
	1938	+
	1939	+
	1940	+	SB1777- 56 -LRB104 09558 JRC 19621 b SB1777 - 56 - LRB104 09558 JRC 19621 b
	1941	+	SB1777 - 56 - LRB104 09558 JRC 19621 b
1908	1942		1 of a felony is qualified to act as executor.
1909	1943		2 (b) If a person named as executor in a will is not
1910	1944		3 qualified to act at the time of admission of the will to
1911	1945		4 probate but thereafter becomes qualified and files a petition
1912	1946		5 for the issuance of letters, takes oath and gives bond as
1913	1947		6 executor, the court may issue letters testamentary to him as
1914	1948		7 co-executor with the executor who has qualified or if no
1915	1949		8 executor has qualified the court may issue letters
1916	1950		9 testamentary to him and revoke the letters of administration
1917	1951		10 with the will annexed. The letters testamentary shall provide
1918	1952		11 the names of each executor if co-executors are granted by the
1919	1953		12 court.
1920	1954		13 (c) A person who has been convicted of a felony is
1921	1955		14 qualified to act as an executor if: (i) the testator names that
1922	1956		15 person as an executor and expressly acknowledges in the will
1923	1957		16 that the testator is aware that the person has been convicted
1924	1958		17 of a felony prior to the execution of the will or codicil; (ii)
1925	1959		18 the person is not prohibited by law, including Sections 2-6,
1926	1960		19 2-6.2, and 2-6.6, from receiving a share of the testator's
1927	1961		20 estate; (iii) the person was not previously convicted of
1928	1962		21 financial exploitation of an elderly person or a person with a
1929	1963		22 disability, financial identity theft, or a similar crime in
1930	1964		23 another state or in federal court; and (iv) the person is
1931	1965		24 otherwise qualified to act as an executor under subsection
1932	1966		25 (a).
1933	1967		26 (d) The court may in its discretion require a nonresident
1934	1968
1935	1969
1936	1970
1937	1971
1938	1972
1939		-	SB1777 ~~Engrossed~~ - 56 - LRB104 09558 JRC 19621 b
1940		-
1941		-
1942		-	SB1777 ~~Engrossed~~- 57 -LRB104 09558 JRC 19621 b SB1777 ~~Engrossed~~ - 57 - LRB104 09558 JRC 19621 b
1943		-	SB1777 ~~Engrossed~~ - 57 - LRB104 09558 JRC 19621 b
	1973	+	SB1777 - 56 - LRB104 09558 JRC 19621 b
	1974	+
	1975	+
	1976	+	SB1777- 57 -LRB104 09558 JRC 19621 b SB1777 - 57 - LRB104 09558 JRC 19621 b
	1977	+	SB1777 - 57 - LRB104 09558 JRC 19621 b
1944	1978		1 executor to furnish a bond in such amount and with such surety
1945	1979		2 as the court determines notwithstanding any contrary provision
1946	1980		3 of the will.
1947	1981		4 (Source: P.A. 103-280, eff. 1-1-24.)
1948	1982		5 (755 ILCS 5/6-15) (from Ch. 110 1/2, par. 6-15)
1949	1983		6 Sec. 6-15. Executor to administer all estate of decedent.)
1950	1984		7 (a) The executor or the administrator with the will
1951	1985		8 annexed shall administer all the testate and intestate estate
1952	1986		9 of the decedent.
1953	1987		10 (b) Any person doing business or performing transactions
1954		-	11 on behalf of, or at the direction of, an executor,
1955		-	12 administrator, or administrator with the will annexed may rely
1956		-	13 on the powers of an independent representative under Section
1957		-	14 28-8 of this Act and the protections afforded to persons
1958		-	15 dealing with an independent representative under Section 28-9
1959		-	16 of this Act.
1960		-	17 The person shall confirm by examination of the letters
1961		-	18 testamentary, letters of administration, or letters of
1962		-	19 administration with the will annexed, or by examination of a
1963		-	20 document purporting to be the letters of office, that the
1964		-	21 letters were issued by the court solely to the executor or
1965		-	22 administrator. If the letters of office or a document
1966		-	23 purporting to be the letters of office provide for
1967		-	24 co-executors or co-administrators and either the person is
1968		-	25 unable to identify one or more of the co-executors or
1969		-
1970		-
1971		-
1972		-
1973		-
1974		-	SB1777 Engrossed - 57 - LRB104 09558 JRC 19621 b
1975		-
1976		-
1977		-	SB1777 Engrossed- 58 -LRB104 09558 JRC 19621 b SB1777 Engrossed - 58 - LRB104 09558 JRC 19621 b
1978		-	SB1777 Engrossed - 58 - LRB104 09558 JRC 19621 b
1979		-	1 co-administrators or cannot determine the lawful existence of
1980		-	2 any co-executor or co-administrator or if conflicting claims
1981		-	3 or directions are made by the co-executors or
1982		-	4 co-administrators, then the person may refuse to perform any
1983		-	5 transaction until the person receives a determination of the
1984		-	6 appropriate course of action by a court of appropriate
1985		-	7 jurisdiction.
1986		-	8 (c) Any person, corporation, or financial institution that
1987		-	9 conducts business or performs transactions on behalf of, or at
1988		-	10 the direction of, an executor, administrator, or administrator
1989		-	11 with the will annexed is fully protected and released from
1990		-	12 liability if the person conducts business or performs
1991		-	13 transactions as directed by a court of appropriate
1992		-	14 jurisdiction as provided in subsection (b) or bases the
1993		-	15 presumption on the confirmation by examination of the letters
1994		-	16 testamentary, letters of administration, letters of
1995		-	17 administration with the will annexed, or a document purporting
1996		-	18 to be the letters of office as provided in subsection (b).
1997		-	19 (Source: P.A. 79-328.)
1998		-	20 (755 ILCS 5/9-3) (from Ch. 110 1/2, par. 9-3)
1999		-	21 Sec. 9-3. Persons entitled to preference in obtaining
2000		-	22 letters. The following persons are entitled to preference in
2001		-	23 the following order in obtaining the issuance of letters of
2002		-	24 administration and of administration with the will annexed:
2003		-	25 (a) The surviving spouse or any person nominated by the
2004		-
2005		-
2006		-
2007		-
2008		-
2009		-	SB1777 Engrossed - 58 - LRB104 09558 JRC 19621 b
2010		-
2011		-
2012		-	SB1777 Engrossed- 59 -LRB104 09558 JRC 19621 b SB1777 Engrossed - 59 - LRB104 09558 JRC 19621 b
2013		-	SB1777 Engrossed - 59 - LRB104 09558 JRC 19621 b
2014		-	1 surviving spouse.
2015		-	2 (b) The legatees or any person nominated by them, with
2016		-	3 preference to legatees who are children.
2017		-	4 (c) The children or any person nominated by them.
2018		-	5 (d) The grandchildren or any person nominated by them.
2019		-	6 (e) The parents or any person nominated by them.
2020		-	7 (f) The brothers and sisters or any person nominated by
2021		-	8 them.
2022		-	9 (g) The nearest kindred or any person nominated by them.
2023		-	10 (h) The representative of the estate of a deceased ward.
2024		-	11 (i) The Public Administrator.
2025		-	12 (j) A creditor of the estate.
2026		-	13 Only a person qualified to act as administrator under this
2027		-	14 Act may nominate, except that the guardian of the estate, if
2028		-	15 any, otherwise the guardian of the person, of a person who is
2029		-	16 not qualified to act as administrator solely because of
2030		-	17 minority or legal disability may nominate on behalf of the
2031		-	18 minor or person with a disability in accordance with the order
2032		-	19 of preference set forth in this Section. A person who has been
2033		-	20 removed as representative under this Act loses the right to
2034		-	21 name a successor.
2035		-	22 When several persons are claiming and are equally entitled
2036		-	23 to administer or to nominate an administrator, the court may
2037		-	24 grant letters to one or more of them or to the nominee of one
2038		-	25 or more of them. The letters shall provide the names of each
2039		-	26 administrator if co-administrators are granted by the court.
2040		-
2041		-
2042		-
2043		-
2044		-
2045		-	SB1777 Engrossed - 59 - LRB104 09558 JRC 19621 b
2046		-
2047		-
2048		-	SB1777 Engrossed- 60 -LRB104 09558 JRC 19621 b SB1777 Engrossed - 60 - LRB104 09558 JRC 19621 b
2049		-	SB1777 Engrossed - 60 - LRB104 09558 JRC 19621 b
2050		-	1 (Source: P.A. 99-143, eff. 7-27-15.)
2051		-
2052		-
2053		-
2054		-
2055		-
2056		-	SB1777 Engrossed - 60 - LRB104 09558 JRC 19621 b
	1988	+	11 on behalf of or at the direction of an executor or
	1989	+	12 administrator with the will annexed is entitled to the
	1990	+	13 presumption that the executor or administrator with the will
	1991	+	14 annexed is lawfully authorized to conduct the business or
	1992	+	15 perform the transaction as long as the person verifies that
	1993	+	16 the letters testamentary or administration with the will
	1994	+	17 annexed were issued by the court solely to the executor or
	1995	+	18 administrator. If the letters testamentary or administration
	1996	+	19 with the will annexed provide for co-executors or
	1997	+	20 co-administrators, the person is entitled to the presumption
	1998	+	21 only when the business or transaction is performed on behalf
	1999	+	22 or at the direction of all listed executors or administrators
	2000	+	23 in the letters.
	2001	+	24 (c) Any person, corporation, or financial institution that
	2002	+	25 conducts business or performs transactions on behalf of or at
	2003	+
	2004	+
	2005	+
	2006	+
	2007	+
	2008	+	SB1777 - 57 - LRB104 09558 JRC 19621 b
	2009	+
	2010	+
	2011	+	SB1777- 58 -LRB104 09558 JRC 19621 b SB1777 - 58 - LRB104 09558 JRC 19621 b
	2012	+	SB1777 - 58 - LRB104 09558 JRC 19621 b
	2013	+	1 the direction of an executor or administrator with the will
	2014	+	2 annexed shall be fully protected and released from liability
	2015	+	3 if the person bases the presumption on the verification of the
	2016	+	4 letters testamentary or administration with the will annexed
	2017	+	5 as provided in subsection (b).
	2018	+	6 (Source: P.A. 79-328.)
	2019	+	7 (755 ILCS 5/9-3) (from Ch. 110 1/2, par. 9-3)
	2020	+	8 Sec. 9-3. Persons entitled to preference in obtaining
	2021	+	9 letters. The following persons are entitled to preference in
	2022	+	10 the following order in obtaining the issuance of letters of
	2023	+	11 administration and of administration with the will annexed:
	2024	+	12 (a) The surviving spouse or any person nominated by the
	2025	+	13 surviving spouse.
	2026	+	14 (b) The legatees or any person nominated by them, with
	2027	+	15 preference to legatees who are children.
	2028	+	16 (c) The children or any person nominated by them.
	2029	+	17 (d) The grandchildren or any person nominated by them.
	2030	+	18 (e) The parents or any person nominated by them.
	2031	+	19 (f) The brothers and sisters or any person nominated by
	2032	+	20 them.
	2033	+	21 (g) The nearest kindred or any person nominated by them.
	2034	+	22 (h) The representative of the estate of a deceased ward.
	2035	+	23 (i) The Public Administrator.
	2036	+	24 (j) A creditor of the estate.
	2037	+	25 Only a person qualified to act as administrator under this
	2038	+
	2039	+
	2040	+
	2041	+
	2042	+
	2043	+	SB1777 - 58 - LRB104 09558 JRC 19621 b
	2044	+
	2045	+
	2046	+	SB1777- 59 -LRB104 09558 JRC 19621 b SB1777 - 59 - LRB104 09558 JRC 19621 b
	2047	+	SB1777 - 59 - LRB104 09558 JRC 19621 b
	2048	+	1 Act may nominate, except that the guardian of the estate, if
	2049	+	2 any, otherwise the guardian of the person, of a person who is
	2050	+	3 not qualified to act as administrator solely because of
	2051	+	4 minority or legal disability may nominate on behalf of the
	2052	+	5 minor or person with a disability in accordance with the order
	2053	+	6 of preference set forth in this Section. A person who has been
	2054	+	7 removed as representative under this Act loses the right to
	2055	+	8 name a successor.
	2056	+	9 When several persons are claiming and are equally entitled
	2057	+	10 to administer or to nominate an administrator, the court may
	2058	+	11 grant letters to one or more of them or to the nominee of one
	2059	+	12 or more of them. The letters shall provide the names of each
	2060	+	13 administrator if co-administrators are granted by the court.
	2061	+	14 (Source: P.A. 99-143, eff. 7-27-15.)
	2062	+	SB1777- 60 -LRB104 09558 JRC 19621 b 1 INDEX 2 Statutes amended in order of appearance SB1777- 60 -LRB104 09558 JRC 19621 b SB1777 - 60 - LRB104 09558 JRC 19621 b 1 INDEX 2 Statutes amended in order of appearance
	2063	+	SB1777- 60 -LRB104 09558 JRC 19621 b SB1777 - 60 - LRB104 09558 JRC 19621 b
	2064	+	SB1777 - 60 - LRB104 09558 JRC 19621 b
	2065	+	1 INDEX
	2066	+	2 Statutes amended in order of appearance
	2067	+
	2068	+
	2069	+
	2070	+
	2071	+
	2072	+	SB1777 - 59 - LRB104 09558 JRC 19621 b
	2073	+
	2074	+
	2075	+
	2076	+	SB1777- 60 -LRB104 09558 JRC 19621 b SB1777 - 60 - LRB104 09558 JRC 19621 b
	2077	+	SB1777 - 60 - LRB104 09558 JRC 19621 b
	2078	+	1 INDEX
	2079	+	2 Statutes amended in order of appearance
	2080	+
	2081	+
	2082	+
	2083	+
	2084	+
	2085	+	SB1777 - 60 - LRB104 09558 JRC 19621 b