BUSINESS-CREDIT ACCOUNT REPORT Senate SponsorsSen. Elgie R. Sims, Jr. 1/7/2025SenateSession Sine Die 205 ILCS 5/48.7 new205 ILCS 205/4013.5 new205 ILCS 305/50.5 newAmends the Illinois Banking Act, the Savings Bank Act, and the Illinois Credit Union Act. Provides that if a credit card issuer is a party to a private label credit program and closes a customer's credit card due to inactivity, then the financial institution, saving bank, or credit union shall notify the customer and the credit reporting agencies in writing of the closure due to inactivity. 2/9/2024SenateFiled with Secretary by Sen. Elgie R. Sims, Jr. 2/9/2024SenateFirst Reading 2/9/2024SenateReferred to Assignments 2/20/2024SenateAssigned to Financial Institutions 3/6/2024SenatePostponed - Financial Institutions 3/13/2024SenatePostponed - Financial Institutions 3/15/2024SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die