Fabio
128 lines
9.4 KiB
Markdown
128 lines
9.4 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "TRANSMT MONEY ACT FEES INFO"
|
||
description: "Amends the Transmitters of Money Act. Includes stored value cards within the scope of the Act. Requires license applicants to submit fingerprints. Increases application and other fees. Increases penalties. Provides that a person who is unlicensed and who engages in conduct for which a license is required shall be liable to a consumer in an amount equal to 4 times the amount accepted for transmission. Requires licensees to submit additional information regarding proposed authorized sellers to the Department of Financial Institutions before the proposed authorized seller may act on behalf of the licensee. Requires licensees to file with the Department Cash Transaction Reports and Suspicious Activity Reports that are required to be filed with the federal government. Creates the TOMA Consumer Protection Fund as a special Fund in the State treasury. Provides for an assessment of $0.01 per money transmission to be paid into the Fund. Provides for moneys in the Fund to be used to reimburse consumers who suffer losses arising out of regulated transactions. Amends the State Finance Act to add the TOMA Consumer Protection Fund to the list of special funds. Effective July 1, 2003."
|
||
jurisdiction: "us/states/il"
|
||
legislature: "Illinois General Assembly"
|
||
session: "93rd"
|
||
identifier: "SB 24"
|
||
citation: "Illinois SB 24 (93rd)"
|
||
classification: ["bill"]
|
||
subjects: []
|
||
status: "enacted"
|
||
primary_sponsors: []
|
||
version_count: 3
|
||
action_count: 67
|
||
vote_count: 3
|
||
first_action: "2003-01-09"
|
||
last_action: "2003-08-18"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/91118642-5e47-4372-8b96-e524384e5b16"
|
||
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=24&GAID=3&DocTypeID=SB&LegId=287&SessionID=3&GA=93"
|
||
source_hash: "d7ae54b11f8c762e882aad1b3705a48be2add37176e85b5fb1443186c7d81287"
|
||
vintage: "2026-07-01"
|
||
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
|
||
retrieved_at: "2026-07-06"
|
||
confidence: "reported"
|
||
tags: ["legislation", "bill", "us-il"]
|
||
---
|
||
|
||
# Illinois SB 24 (93rd) — TRANSMT MONEY ACT FEES INFO
|
||
|
||
Amends the Transmitters of Money Act. Includes stored value cards within the scope of the Act. Requires license applicants to submit fingerprints. Increases application and other fees. Increases penalties. Provides that a person who is unlicensed and who engages in conduct for which a license is required shall be liable to a consumer in an amount equal to 4 times the amount accepted for transmission. Requires licensees to submit additional information regarding proposed authorized sellers to the Department of Financial Institutions before the proposed authorized seller may act on behalf of the licensee. Requires licensees to file with the Department Cash Transaction Reports and Suspicious Activity Reports that are required to be filed with the federal government. Creates the TOMA Consumer Protection Fund as a special Fund in the State treasury. Provides for an assessment of $0.01 per money transmission to be paid into the Fund. Provides for moneys in the Fund to be used to reimburse consumers who suffer losses arising out of regulated transactions. Amends the State Finance Act to add the TOMA Consumer Protection Fund to the list of special funds. Effective July 1, 2003.
|
||
|
||
## Version chain
|
||
|
||
The bill's text revisions, in order — the diff chain from filing to enrollment.
|
||
|
||
1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB0024&GA=93&SessionId=3&DocTypeId=SB&LegID=287&DocNum=24&GAID=3&Session=&print=true)
|
||
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB0024eng&GA=93&SessionId=3&DocTypeId=SB&LegID=287&DocNum=24&GAID=3&Session=&print=true)
|
||
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB0024enr&GA=93&SessionId=3&DocTypeId=SB&LegID=287&DocNum=24&GAID=3&Session=&print=true)
|
||
|
||
## Votes
|
||
|
||
- Third Reading — **71–43** (pass) · lower
|
||
- Third Reading — **57–0** (pass) · upper
|
||
- Concurrence, Amendment 1 — **59–0** (pass) · upper
|
||
|
||
## Sponsors
|
||
|
||
- Miguel del Valle — primary (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2003-01-09** Filed with Secretary by Sen. Miguel del Valle `filing`
|
||
- **2003-01-09** First Reading `reading-1`
|
||
- **2003-01-09** Referred to Rules `referral-committee`
|
||
- **2003-01-29** Assigned to Financial Institutions `referral-committee`
|
||
- **2003-01-29** Added as Co-Sponsor Sen. Martin A. Sandoval
|
||
- **2003-01-29** Added as Chief Co-Sponsor Sen. Iris Y. Martinez
|
||
- **2003-01-29** Added as Chief Co-Sponsor Sen. Antonio Munoz
|
||
- **2003-01-29** Added as Chief Co-Sponsor Sen. Barack Obama
|
||
- **2003-02-03** Added as Co-Sponsor Sen. Kimberly A. Lightford
|
||
- **2003-02-26** Added as Co-Sponsor Sen. Jeffrey M. Schoenberg
|
||
- **2003-02-27** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Miguel del Valle `amendment-introduction`
|
||
- **2003-02-27** Senate Committee Amendment No. 1 Referred to Rules `referral-committee`
|
||
- **2003-02-27** Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
|
||
- **2003-02-28** Senate Committee Amendment No. 1 Adopted `amendment-passage`
|
||
- **2003-02-28** Do Pass as Amended Financial Institutions; 008-000-000 `committee-passage`
|
||
- **2003-02-28** Placed on Calendar Order of 2nd Reading March 4, 2003
|
||
- **2003-03-06** Added as Co-Sponsor Sen. Mattie Hunter
|
||
- **2003-03-24** Added as Co-Sponsor Sen. Rickey R. Hendon
|
||
- **2003-04-02** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Miguel del Valle `amendment-introduction`
|
||
- **2003-04-02** Senate Floor Amendment No. 2 Referred to Rules `referral-committee`
|
||
- **2003-04-02** Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
|
||
- **2003-04-02** Senate Floor Amendment No. 2 Be Adopted Financial Institutions; 009-000-000 `committee-passage-favorable`
|
||
- **2003-04-02** Second Reading `reading-2`
|
||
- **2003-04-02** Senate Floor Amendment No. 2 Adopted; del Valle `amendment-passage`
|
||
- **2003-04-02** Placed on Calendar Order of 3rd Reading April 3, 2003
|
||
- **2003-04-03** Third Reading - Passed; 057-000-000 `reading-3, passage`
|
||
- **2003-04-03** Arrived in House `introduction`
|
||
- **2003-04-03** Placed on Calendar Order of First Reading `reading-1`
|
||
- **2003-04-03** Chief House Sponsor Rep. Cynthia Soto
|
||
- **2003-04-03** First Reading `reading-1`
|
||
- **2003-04-03** Referred to Rules Committee `referral-committee`
|
||
- **2003-04-08** Assigned to Executive Committee `referral-committee`
|
||
- **2003-04-29** Re-assigned to Financial Institutions Committee `referral-committee`
|
||
- **2003-05-02** Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
|
||
- **2003-05-09** Do Pass / Standard Debate Financial Institutions Committee; 010-000-000 `committee-passage`
|
||
- **2003-05-09** Placed on Calendar 2nd Reading - Standard Debate
|
||
- **2003-05-13** Second Reading - Standard Debate `reading-2`
|
||
- **2003-05-13** Placed on Calendar Order of 3rd Reading - Standard Debate
|
||
- **2003-05-16** Recalled to Second Reading - Short Debate `reading-2`
|
||
- **2003-05-16** Held on Calendar Order of Second Reading - Short Debate `reading-2`
|
||
- **2003-05-20** Second Reading - Standard Debate `reading-2`
|
||
- **2003-05-20** Placed on Calendar Order of 3rd Reading - Standard Debate
|
||
- **2003-05-21** Recalled to Second Reading - Standard Debate `reading-2`
|
||
- **2003-05-21** Held on Calendar Order of Second Reading - Standard Debate `reading-2`
|
||
- **2003-05-21** House Floor Amendment No. 1 Filed with Clerk by Rep. Cynthia Soto `amendment-introduction`
|
||
- **2003-05-21** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
|
||
- **2003-05-23** Third Reading/Final Action Deadline Extended-9(b) May 31, 2003 `reading-3`
|
||
- **2003-05-27** House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-001-000 `committee-passage-favorable`
|
||
- **2003-05-27** Second Reading - Standard Debate `reading-2`
|
||
- **2003-05-27** House Floor Amendment No. 1 Adopted by Voice Vote `amendment-passage`
|
||
- **2003-05-27** Placed on Calendar Order of 3rd Reading - Standard Debate
|
||
- **2003-05-28** Third Reading - Standard Debate - Passed 070-043-003 `reading-3, passage`
|
||
- **2003-05-28** Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
|
||
- **2003-05-28** Added Alternate Chief Co-Sponsor Rep. Patricia Bailey
|
||
- **2003-05-28** Added Alternate Chief Co-Sponsor Rep. William Delgado
|
||
- **2003-05-28** Secretary's Desk - Concurrence House Amendment(s) 01
|
||
- **2003-05-28** Placed on Calendar Order of Concurrence House Amendment(s) 01 - May 29, 2003
|
||
- **2003-05-28** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Miguel del Valle `filing`
|
||
- **2003-05-28** House Floor Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
|
||
- **2003-05-30** House Floor Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions `referral-committee`
|
||
- **2003-05-30** House Floor Amendment No. 1 Motion to Concur Be Adopted Financial Institutions; 007-000-000
|
||
- **2003-05-30** House Floor Amendment No. 1 Senate Concurs 059-000-000
|
||
- **2003-05-30** Passed Both Houses
|
||
- **2003-06-27** Sent to the Governor `executive-receipt`
|
||
- **2003-08-18** Governor Approved `executive-signature`
|
||
- **2003-08-18** Effective Date January 1, 2004
|
||
- **2003-08-18** Public Act . . . . . . . . . 93-0535 `became-law`
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/91118642-5e47-4372-8b96-e524384e5b16`. Confidence: reported (aggregated from official Illinois legislature records).
|
||
|