SB 1629

  • Illinois Senate Bill
  • 94th Regular Session
  • Introduced in Senate Apr 08, 2005
  • Passed Senate Apr 08, 2005
  • Passed House May 20, 2005
  • Became Law Aug 10, 2005

Currency Exchange-Bond Reqmnt

Abstract

Amends the Currency Exchange Act. Provides that a community currency exchange licensed under the Currency Exchange Act may meet the bonding requirements of the Act by submitting evidence satisfactory to the Secretary of Financial and Professional Regulation that the licensee is covered by a blanket bond that covers multiple licensees. Requires the blanket bond to: (i) insure the licensee against loss by theft, robbery, or forgery; (ii) be issued by a bonding company authorized to do business in this State; and (iii) be in the principal sum of an amount equal to the maximum amount required for any one licensee covered by the bond.

Bill Sponsors (1)

Votes


Actions


Aug 10, 2005

Senate

Public Act . . . . . . . . . 94-0538

Senate

Governor Approved

Senate

Effective Date January 1, 2006

Jun 17, 2005

Senate

Sent to the Governor

May 20, 2005

House

Third Reading - Short Debate - Passed 113-000-000

Senate

Passed Both Houses

May 19, 2005

House

Second Reading - Short Debate

House

Placed on Calendar Order of 3rd Reading - Short Debate

May 11, 2005

House

Placed on Calendar 2nd Reading - Short Debate

May 10, 2005

House

Do Pass / Short Debate Financial Institutions Committee; 023-000-000

May 03, 2005

House

Re-assigned to Financial Institutions Committee

Apr 20, 2005

House

Assigned to Executive Committee

Apr 08, 2005

House

Referred to Rules Committee

Senate

Third Reading - Passed; 057-000-000

House

Arrived in House

House

Placed on Calendar Order of First Reading

House

Chief House Sponsor Rep. Joseph M. Lyons

House

First Reading

Apr 07, 2005

Senate

Placed on Calendar Order of 3rd Reading April 8, 2005

Senate

Second Reading

Mar 17, 2005

Senate

Placed on Calendar Order of 2nd Reading April 6, 2005

Senate

Do Pass Financial Institutions; 008-000-000

Mar 09, 2005

Senate

Assigned to Financial Institutions

Feb 23, 2005

Senate

First Reading

Senate

Referred to Rules

Senate

Filed with Secretary by Sen. Dave Sullivan

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act

Sources

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