Illinois 104th Regular Session Status: Enacted Bipartisan · 4 D · 2 R cosponsors

SB 1777 — BANKING&PROBATE-FINANCE/NOTICE

Last action — Public Act . . . . . . . . . 104-0123

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 06, 2025. Enacted.

Signed by Governor JB Pritzker (Democratic) on August 01, 2025.

Prognosis

Likely to advance 98% · high confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 6 sponsors

    2 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 D · 2 R) — cross-party backing.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

60 added · 60 removed

Plain-language change summary

The new version of Bill SB 1777 includes additional lines of text that were not present in the previous version. These additions typically serve to clarify the bill's intent or provide new details that help implement its provisions more effectively. The changes are important because they can impact how the law is enforced, providing greater guidance for its application. Overall, these adjustments help ensure that the bill meets its intended goals and addresses any concerns raised during the legislative process.

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SB1777 Engrossed LRB104 09558 JRC 19621 b AN ACT concerning finances.
SB1777 Enrolled LRB104 09558 JRC 19621 b AN ACT concerning finances.
(1) The preparation, examination, handling or SB1777 Engrossed - 2 - LRB104 09558 JRC 19621 b maintenance of any financial records by any officer, employee or agent of a bank having custody of the records, or the examination of the records by a certified public accountant engaged by the bank to perform an independent audit.
(1) The preparation, examination, handling or SB1777 Enrolled - 2 - LRB104 09558 JRC 19621 b maintenance of any financial records by any officer, employee or agent of a bank having custody of the records, or the examination of the records by a certified public accountant engaged by the bank to perform an independent audit.
(6) The exchange in the regular course of business of (i) credit information between a bank and other banks or financial institutions or commercial enterprises, directly SB1777 Engrossed - 3 - LRB104 09558 JRC 19621 b or through a consumer reporting agency or (ii) financial records or information derived from financial records between a bank and other banks or financial institutions or commercial enterprises for the purpose of conducting due diligence pursuant to a purchase or sale involving the bank or assets or liabilities of the bank.
(6) The exchange in the regular course of business of (i) credit information between a bank and other banks or financial institutions or commercial enterprises, directly SB1777 Enrolled - 3 - LRB104 09558 JRC 19621 b or through a consumer reporting agency or (ii) financial records or information derived from financial records between a bank and other banks or financial institutions or commercial enterprises for the purpose of conducting due diligence pursuant to a purchase or sale involving the bank or assets or liabilities of the bank.
(13) The exchange in the regular course of business of SB1777 Engrossed - 4 - LRB104 09558 JRC 19621 b information between commonly owned banks in connection with a transaction authorized under paragraph (23) of Section 5 and conducted at an affiliate facility.
(13) The exchange in the regular course of business of SB1777 Enrolled - 4 - LRB104 09558 JRC 19621 b information between commonly owned banks in connection with a transaction authorized under paragraph (23) of Section 5 and conducted at an affiliate facility.
(16) The furnishing of information to law enforcement SB1777 Engrossed - 5 - LRB104 09558 JRC 19621 b authorities, the Illinois Department on Aging and its regional administrative and provider agencies, the Department of Human Services Office of Inspector General, or public guardians:
(16) The furnishing of information to law enforcement SB1777 Enrolled - 5 - LRB104 09558 JRC 19621 b authorities, the Illinois Department on Aging and its regional administrative and provider agencies, the Department of Human Services Office of Inspector General, or public guardians:
(17) The disclosure of financial records or SB1777 Engrossed - 6 - LRB104 09558 JRC 19621 b information as necessary to effect, administer, or enforce a transaction requested or authorized by the customer, or in connection with:
(17) The disclosure of financial records or SB1777 Enrolled - 6 - LRB104 09558 JRC 19621 b information as necessary to effect, administer, or enforce a transaction requested or authorized by the customer, or in connection with:
(B)(1) For purposes of this paragraph (19) of SB1777 Engrossed - 7 - LRB104 09558 JRC 19621 b subsection (b) of Section 48.1, a "private label credit program" means a credit program involving a financial institution and a private label party that is used by a customer of the financial institution and the private label party primarily for payment for goods or services sold, manufactured, or distributed by a private label party.
(B)(1) For purposes of this paragraph (19) of SB1777 Enrolled - 7 - LRB104 09558 JRC 19621 b subsection (b) of Section 48.1, a "private label credit program" means a credit program involving a financial institution and a private label party that is used by a customer of the financial institution and the private label party primarily for payment for goods or services sold, manufactured, or distributed by a private label party.
(3) be tendered to the bank at the earliest practicable time following its execution, SB1777 Engrossed - 8 - LRB104 09558 JRC 19621 b certification, and notarization;
(3) be tendered to the bank at the earliest practicable time following its execution, SB1777 Enrolled - 8 - LRB104 09558 JRC 19621 b certification, and notarization;
any and all information concerning my deposit, savings, money market, certificate of deposit, individual retirement, retirement plan, 401(k) plan, incentive plan, employee benefit plan, mutual fund and loan accounts (including, but not limited to, any indebtedness or obligation for which I am a co-borrower, co-obligor, guarantor, or surety), and any and all other accounts in which I have an interest and any other SB1777 Engrossed - 9 - LRB104 09558 JRC 19621 b information regarding me in the possession of the Financial Institution, to the Illinois Department of Human Services or the Illinois Department of Healthcare and Family Services, or both ("the Department"), for the following purpose(s):
any and all information concerning my deposit, savings, money market, certificate of deposit, individual retirement, retirement plan, 401(k) plan, incentive plan, employee benefit plan, mutual fund and loan accounts (including, but not limited to, any indebtedness or obligation for which I am a co-borrower, co-obligor, guarantor, or surety), and any and all other accounts in which I have an interest and any other SB1777 Enrolled - 9 - LRB104 09558 JRC 19621 b information regarding me in the possession of the Financial Institution, to the Illinois Department of Human Services or the Illinois Department of Healthcare and Family Services, or both ("the Department"), for the following purpose(s):
Disclosure is strictly limited to the SB1777 Engrossed - 10 - LRB104 09558 JRC 19621 b Department identified above and no other person or entity shall receive my financial records pursuant to this Consent and Authorization.
Disclosure is strictly limited to the SB1777 Enrolled - 10 - LRB104 09558 JRC 19621 b Department identified above and no other person or entity shall receive my financial records pursuant to this Consent and Authorization.
(Customer's birth date) (month/day/year) The undersigned witness certifies that ................., known to me to be the same person whose name is subscribed as the customer to the foregoing Consent and Authorization, appeared before me and the notary public and acknowledged signing and delivering the instrument as his or her free and SB1777 Engrossed - 11 - LRB104 09558 JRC 19621 b voluntary act for the uses and purposes therein set forth.
(Customer's birth date) (month/day/year) The undersigned witness certifies that ................., known to me to be the same person whose name is subscribed as the customer to the foregoing Consent and Authorization, appeared before me and the notary public and acknowledged signing and delivering the instrument as his or her free and SB1777 Enrolled - 11 - LRB104 09558 JRC 19621 b voluntary act for the uses and purposes therein set forth.
County of .......) The undersigned, a notary public in and for the above county and state, certifies that .........., known to me to be the same person whose name is subscribed as the customer to the foregoing Consent and Authorization, appeared before me together with the witness, .........., in person and SB1777 Engrossed - 12 - LRB104 09558 JRC 19621 b acknowledged signing and delivering the instrument as the free and voluntary act of the customer for the uses and purposes therein set forth.
County of .......) The undersigned, a notary public in and for the above county and state, certifies that .........., known to me to be the same person whose name is subscribed as the customer to the foregoing Consent and Authorization, appeared before me together with the witness, .........., in person and SB1777 Enrolled - 12 - LRB104 09558 JRC 19621 b acknowledged signing and delivering the instrument as the free and voluntary act of the customer for the uses and purposes therein set forth.
(D) A bank shall be reimbursed by the customer for all costs reasonably necessary and directly incurred in SB1777 Engrossed - 13 - LRB104 09558 JRC 19621 b searching for, reproducing, and disclosing a customer's financial records required or requested to be produced pursuant to any consent and authorization executed under this paragraph (20).
(D) A bank shall be reimbursed by the customer for all costs reasonably necessary and directly incurred in SB1777 Enrolled - 13 - LRB104 09558 JRC 19621 b searching for, reproducing, and disclosing a customer's financial records required or requested to be produced pursuant to any consent and authorization executed under this paragraph (20).
(21) The furnishing of financial information to the executor, executrix, administrator, or other lawful SB1777 Engrossed - 14 - LRB104 09558 JRC 19621 b representative of the estate of a customer.
(21) The furnishing of financial information to the executor, executrix, administrator, or other lawful SB1777 Enrolled - 14 - LRB104 09558 JRC 19621 b representative of the estate of a customer.
(d) A bank shall disclose financial records under paragraph (2) of subsection (c) of this Section under a lawful subpoena, summons, warrant, citation to discover assets, or court order only after the bank sends a copy of the subpoena, summons, warrant, citation to discover assets, or court order to the person establishing the relationship with the bank, if living, and, otherwise the person's personal representative, if known, at the person's last known address by first class mail, postage prepaid, through a third-party commercial carrier or courier with delivery charge fully prepaid, by hand SB1777 Engrossed - 15 - LRB104 09558 JRC 19621 b delivery, or by electronic delivery at an email address on file with the bank (if the person establishing the relationship with the bank has consented to receive electronic delivery and, if the person establishing the relationship with the bank is a consumer, the person has consented under the consumer consent provisions set forth in Section 7001 of Title 15 of the United States Code), unless the bank is specifically prohibited from notifying the person by order of court or by applicable State or federal law.
(d) A bank shall disclose financial records under paragraph (2) of subsection (c) of this Section under a lawful subpoena, summons, warrant, citation to discover assets, or court order only after the bank sends a copy of the subpoena, summons, warrant, citation to discover assets, or court order to the person establishing the relationship with the bank, if living, and, otherwise the person's personal representative, if known, at the person's last known address by first class mail, postage prepaid, through a third-party commercial carrier or courier with delivery charge fully prepaid, by hand SB1777 Enrolled - 15 - LRB104 09558 JRC 19621 b delivery, or by electronic delivery at an email address on file with the bank (if the person establishing the relationship with the bank has consented to receive electronic delivery and, if the person establishing the relationship with the bank is a consumer, the person has consented under the consumer consent provisions set forth in Section 7001 of Title 15 of the United States Code), unless the bank is specifically prohibited from notifying the person by order of court or by applicable State or federal law.
(g) A bank shall be reimbursed for costs that are reasonably necessary and that have been directly incurred in searching for, reproducing, or transporting books, papers, records, or other data required or requested to be produced pursuant to a lawful subpoena, summons, warrant, citation to SB1777 Engrossed - 16 - LRB104 09558 JRC 19621 b discover assets, or court order.
(g) A bank shall be reimbursed for costs that are reasonably necessary and that have been directly incurred in searching for, reproducing, or transporting books, papers, records, or other data required or requested to be produced pursuant to a lawful subpoena, summons, warrant, citation to SB1777 Enrolled - 16 - LRB104 09558 JRC 19621 b discover assets, or court order.
or (4) any other item containing information pertaining SB1777 Engrossed - 17 - LRB104 09558 JRC 19621 b to any relationship established in the ordinary course of a savings bank's business between a savings bank and its customer, including financial statements or other financial information provided by the member or shareholder.
or (4) any other item containing information pertaining SB1777 Enrolled - 17 - LRB104 09558 JRC 19621 b to any relationship established in the ordinary course of a savings bank's business between a savings bank and its customer, including financial statements or other financial information provided by the member or shareholder.
SB1777 Engrossed - 18 - LRB104 09558 JRC 19621 b (6) The exchange in the regular course of business of (i) credit information between a savings bank and other savings banks or financial institutions or commercial enterprises, directly or through a consumer reporting agency or (ii) financial records or information derived from financial records between a savings bank and other savings banks or financial institutions or commercial enterprises for the purpose of conducting due diligence pursuant to a purchase or sale involving the savings bank or assets or liabilities of the savings bank.
SB1777 Enrolled - 18 - LRB104 09558 JRC 19621 b (6) The exchange in the regular course of business of (i) credit information between a savings bank and other savings banks or financial institutions or commercial enterprises, directly or through a consumer reporting agency or (ii) financial records or information derived from financial records between a savings bank and other savings banks or financial institutions or commercial enterprises for the purpose of conducting due diligence pursuant to a purchase or sale involving the savings bank or assets or liabilities of the savings bank.
SB1777 Engrossed - 19 - LRB104 09558 JRC 19621 b (12) The furnishing of information in accordance with the federal Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
SB1777 Enrolled - 19 - LRB104 09558 JRC 19621 b (12) The furnishing of information in accordance with the federal Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
(i) upon subpoena by the investigatory entity or the guardian, or (ii) if there is suspicion by the savings bank that a customer who is an SB1777 Engrossed - 20 - LRB104 09558 JRC 19621 b elderly person or person with a disability has been or may become the victim of financial exploitation.
(i) upon subpoena by the investigatory entity or the guardian, or (ii) if there is suspicion by the savings bank that a customer who is an SB1777 Enrolled - 20 - LRB104 09558 JRC 19621 b elderly person or person with a disability has been or may become the victim of financial exploitation.
(A) servicing or processing a financial product or SB1777 Engrossed - 21 - LRB104 09558 JRC 19621 b service requested or authorized by the member or holder of capital;
(A) servicing or processing a financial product or SB1777 Enrolled - 21 - LRB104 09558 JRC 19621 b service requested or authorized by the member or holder of capital;
Such information is limited to outstanding balance, available credit, payment and performance and account history, SB1777 Engrossed - 22 - LRB104 09558 JRC 19621 b product references, purchase information, and information related to the identity of the customer.
Such information is limited to outstanding balance, available credit, payment and performance and account history, SB1777 Enrolled - 22 - LRB104 09558 JRC 19621 b product references, purchase information, and information related to the identity of the customer.
(2) be signed by at least one witness who certifies that he or she believes the customer to be of SB1777 Engrossed - 23 - LRB104 09558 JRC 19621 b sound mind and memory;
(2) be signed by at least one witness who certifies that he or she believes the customer to be of SB1777 Enrolled - 23 - LRB104 09558 JRC 19621 b sound mind and memory;
any and all information concerning my deposit, savings, money market, certificate of deposit, individual retirement, retirement plan, 401(k) plan, incentive plan, employee benefit plan, mutual fund and loan accounts (including, but not SB1777 Engrossed - 24 - LRB104 09558 JRC 19621 b limited to, any indebtedness or obligation for which I am a co-borrower, co-obligor, guarantor, or surety), and any and all other accounts in which I have an interest and any other information regarding me in the possession of the Financial Institution, to the Illinois Department of Human Services or the Illinois Department of Healthcare and Family Services, or both ("the Department"), for the following purpose(s):
any and all information concerning my deposit, savings, money market, certificate of deposit, individual retirement, retirement plan, 401(k) plan, incentive plan, employee benefit plan, mutual fund and loan accounts (including, but not SB1777 Enrolled - 24 - LRB104 09558 JRC 19621 b limited to, any indebtedness or obligation for which I am a co-borrower, co-obligor, guarantor, or surety), and any and all other accounts in which I have an interest and any other information regarding me in the possession of the Financial Institution, to the Illinois Department of Human Services or the Illinois Department of Healthcare and Family Services, or both ("the Department"), for the following purpose(s):
An executed copy of this Consent and Authorization shall be sufficient and SB1777 Engrossed - 25 - LRB104 09558 JRC 19621 b as good as the original and permission is hereby granted to honor a photostatic or electronic copy of this Consent and Authorization.
An executed copy of this Consent and Authorization shall be sufficient and SB1777 Enrolled - 25 - LRB104 09558 JRC 19621 b as good as the original and permission is hereby granted to honor a photostatic or electronic copy of this Consent and Authorization.
(Customer's birth date) (month/day/year) The undersigned witness certifies that ................., known to me to be the same person whose name is subscribed as SB1777 Engrossed - 26 - LRB104 09558 JRC 19621 b the customer to the foregoing Consent and Authorization, appeared before me and the notary public and acknowledged signing and delivering the instrument as his or her free and voluntary act for the uses and purposes therein set forth.
(Customer's birth date) (month/day/year) The undersigned witness certifies that ................., known to me to be the same person whose name is subscribed as SB1777 Enrolled - 26 - LRB104 09558 JRC 19621 b the customer to the foregoing Consent and Authorization, appeared before me and the notary public and acknowledged signing and delivering the instrument as his or her free and voluntary act for the uses and purposes therein set forth.
County of .......) The undersigned, a notary public in and for the above county and state, certifies that .........., known to me to be the SB1777 Engrossed - 27 - LRB104 09558 JRC 19621 b same person whose name is subscribed as the customer to the foregoing Consent and Authorization, appeared before me together with the witness, .........., in person and acknowledged signing and delivering the instrument as the free and voluntary act of the customer for the uses and purposes therein set forth.
County of .......) The undersigned, a notary public in and for the above county and state, certifies that .........., known to me to be the SB1777 Enrolled - 27 - LRB104 09558 JRC 19621 b same person whose name is subscribed as the customer to the foregoing Consent and Authorization, appeared before me together with the witness, .........., in person and acknowledged signing and delivering the instrument as the free and voluntary act of the customer for the uses and purposes therein set forth.
The savings bank recovering under this indemnification SB1777 Engrossed - 28 - LRB104 09558 JRC 19621 b provision shall also be entitled to reasonable attorney's fees and the expenses of recovery.
The savings bank recovering under this indemnification SB1777 Enrolled - 28 - LRB104 09558 JRC 19621 b provision shall also be entitled to reasonable attorney's fees and the expenses of recovery.
(f) For purposes of this paragraph (18), "Department" means the Department of Human Services and the Department SB1777 Engrossed - 29 - LRB104 09558 JRC 19621 b of Healthcare and Family Services or any successor administrative agency of either agency.
(f) For purposes of this paragraph (18), "Department" means the Department of Human Services and the Department SB1777 Enrolled - 29 - LRB104 09558 JRC 19621 b of Healthcare and Family Services or any successor administrative agency of either agency.
(e) A savings bank shall disclose financial records under subsection (d) of this Section pursuant to a lawful subpoena, summons, warrant, citation to discover assets, or court order only after the savings bank sends a copy of the subpoena, summons, warrant, citation to discover assets, or court order to the person establishing the relationship with the savings bank, if living, and otherwise, the person's personal representative, if known, at the person's last known address by first class mail, postage prepaid, through a third-party commercial carrier or courier with delivery charge fully prepaid, by hand delivery, or by electronic delivery at an SB1777 Engrossed - 30 - LRB104 09558 JRC 19621 b email address on file with the savings bank (if the person establishing the relationship with the savings bank has consented to receive electronic delivery and, if the person establishing the relationship with the savings bank is a consumer, the person has consented under the consumer consent provisions set forth in Section 7001 of Title 15 of the United States Code), unless the savings bank is specifically prohibited from notifying the person by order of court.
(e) A savings bank shall disclose financial records under subsection (d) of this Section pursuant to a lawful subpoena, summons, warrant, citation to discover assets, or court order only after the savings bank sends a copy of the subpoena, summons, warrant, citation to discover assets, or court order to the person establishing the relationship with the savings bank, if living, and otherwise, the person's personal representative, if known, at the person's last known address by first class mail, postage prepaid, through a third-party commercial carrier or courier with delivery charge fully prepaid, by hand delivery, or by electronic delivery at an SB1777 Enrolled - 30 - LRB104 09558 JRC 19621 b email address on file with the savings bank (if the person establishing the relationship with the savings bank has consented to receive electronic delivery and, if the person establishing the relationship with the savings bank is a consumer, the person has consented under the consumer consent provisions set forth in Section 7001 of Title 15 of the United States Code), unless the savings bank is specifically prohibited from notifying the person by order of court.
The requesting member shall submit the communication to the Commissioner who, upon finding it to be SB1777 Engrossed - 31 - LRB104 09558 JRC 19621 b appropriate and truthful, shall direct that it be prepared and mailed to the members upon the requesting member's or shareholder's payment or adequate provision for payment of the expenses of preparation and mailing.
The requesting member shall submit the communication to the Commissioner who, upon finding it to be SB1777 Enrolled - 31 - LRB104 09558 JRC 19621 b appropriate and truthful, shall direct that it be prepared and mailed to the members upon the requesting member's or shareholder's payment or adequate provision for payment of the expenses of preparation and mailing.
(1) A credit union shall establish and maintain books, SB1777 Engrossed - 32 - LRB104 09558 JRC 19621 b records, accounting systems and procedures which accurately reflect its operations and which enable the Department to readily ascertain the true financial condition of the credit union and whether it is complying with this Act.
(1) A credit union shall establish and maintain books, SB1777 Enrolled - 32 - LRB104 09558 JRC 19621 b records, accounting systems and procedures which accurately reflect its operations and which enable the Department to readily ascertain the true financial condition of the credit union and whether it is complying with this Act.
(1) The preparation, examination, handling or maintenance of any financial records by any officer, employee or agent of a credit union having custody of such records, or the examination of such records by a certified public accountant engaged by the credit union to perform SB1777 Engrossed - 33 - LRB104 09558 JRC 19621 b an independent audit.
(1) The preparation, examination, handling or maintenance of any financial records by any officer, employee or agent of a credit union having custody of such records, or the examination of such records by a certified public accountant engaged by the credit union to perform SB1777 Enrolled - 33 - LRB104 09558 JRC 19621 b an independent audit.
(7) The furnishing of information to the appropriate SB1777 Engrossed - 34 - LRB104 09558 JRC 19621 b law enforcement authorities where the credit union reasonably believes it has been the victim of a crime.
(7) The furnishing of information to the appropriate SB1777 Enrolled - 34 - LRB104 09558 JRC 19621 b law enforcement authorities where the credit union reasonably believes it has been the victim of a crime.
A credit union providing information in accordance with this item shall not be liable to any account holder or other person for any disclosure of information to a State agency, for encumbering or surrendering any assets held by the credit union in SB1777 Engrossed - 35 - LRB104 09558 JRC 19621 b response to a lien or order to withhold and deliver issued by a State agency, or for any other action taken pursuant to this item, including individual or mechanical errors, provided the action does not constitute gross negligence or willful misconduct.
A credit union providing information in accordance with this item shall not be liable to any account holder or other person for any disclosure of information to a State agency, for encumbering or surrendering any assets held by the credit union in SB1777 Enrolled - 35 - LRB104 09558 JRC 19621 b response to a lien or order to withhold and deliver issued by a State agency, or for any other action taken pursuant to this item, including individual or mechanical errors, provided the action does not constitute gross negligence or willful misconduct.
(i) "elderly person" means a person who is 60 or more years of age, (ii) "person with a disability" means a person who has or reasonably appears to the credit union to have a physical or mental disability that impairs his or her ability to seek or obtain protection from or prevent financial exploitation, and (iii) "financial exploitation" means tortious or illegal use of the assets or resources of an elderly person or person with a disability, and includes, without SB1777 Engrossed - 36 - LRB104 09558 JRC 19621 b limitation, misappropriation of the elderly or disabled person's assets or resources by undue influence, breach of fiduciary relationship, intimidation, fraud, deception, extortion, or the use of assets or resources in any manner contrary to law.
(i) "elderly person" means a person who is 60 or more years of age, (ii) "person with a disability" means a person who has or reasonably appears to the credit union to have a physical or mental disability that impairs his or her ability to seek or obtain protection from or prevent financial exploitation, and (iii) "financial exploitation" means tortious or illegal use of the assets or resources of an elderly person or person with a disability, and includes, without SB1777 Enrolled - 36 - LRB104 09558 JRC 19621 b limitation, misappropriation of the elderly or disabled person's assets or resources by undue influence, breach of fiduciary relationship, intimidation, fraud, deception, extortion, or the use of assets or resources in any manner contrary to law.
(15) The disclosure of financial records or information as necessary to protect against or prevent actual or potential fraud, unauthorized transactions, SB1777 Engrossed - 37 - LRB104 09558 JRC 19621 b claims, or other liability.
(15) The disclosure of financial records or information as necessary to protect against or prevent actual or potential fraud, unauthorized transactions, SB1777 Enrolled - 37 - LRB104 09558 JRC 19621 b claims, or other liability.
(17)(a) The furnishing of financial records of a member to the Department to aid the Department's initial determination or subsequent re-determination of the member's eligibility for Medicaid and Medicaid long-term care benefits for long-term care services, provided that SB1777 Engrossed - 38 - LRB104 09558 JRC 19621 b the credit union receives the written consent and authorization of the member, which shall:
(17)(a) The furnishing of financial records of a member to the Department to aid the Department's initial determination or subsequent re-determination of the member's eligibility for Medicaid and Medicaid long-term care benefits for long-term care services, provided that SB1777 Enrolled - 38 - LRB104 09558 JRC 19621 b the credit union receives the written consent and authorization of the member, which shall:
SB1777 Engrossed - 39 - LRB104 09558 JRC 19621 b any and all information concerning my deposit, savings, money market, certificate of deposit, individual retirement, retirement plan, 401(k) plan, incentive plan, employee benefit plan, mutual fund and loan accounts (including, but not limited to, any indebtedness or obligation for which I am a co-borrower, co-obligor, guarantor, or surety), and any and all other accounts in which I have an interest and any other information regarding me in the possession of the Financial Institution, to the Illinois Department of Human Services or the Illinois Department of Healthcare and Family Services, or both ("the Department"), for the following purpose(s):
SB1777 Enrolled - 39 - LRB104 09558 JRC 19621 b any and all information concerning my deposit, savings, money market, certificate of deposit, individual retirement, retirement plan, 401(k) plan, incentive plan, employee benefit plan, mutual fund and loan accounts (including, but not limited to, any indebtedness or obligation for which I am a co-borrower, co-obligor, guarantor, or surety), and any and all other accounts in which I have an interest and any other information regarding me in the possession of the Financial Institution, to the Illinois Department of Human Services or the Illinois Department of Healthcare and Family Services, or both ("the Department"), for the following purpose(s):
This Consent and Authorization shall constitute valid authorization for the Department identified above to inspect all such financial SB1777 Engrossed - 40 - LRB104 09558 JRC 19621 b records set forth above, and to request and receive copies of such financial records from the Financial Institution (subject to such records search and reproduction reimbursement policies as the Financial Institution may have in place).
This Consent and Authorization shall constitute valid authorization for the Department identified above to inspect all such financial SB1777 Enrolled - 40 - LRB104 09558 JRC 19621 b records set forth above, and to request and receive copies of such financial records from the Financial Institution (subject to such records search and reproduction reimbursement policies as the Financial Institution may have in place).
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SB1777 Engrossed - 41 - LRB104 09558 JRC 19621 b (Customer's birth date) (month/day/year) The undersigned witness certifies that ................., known to me to be the same person whose name is subscribed as the customer to the foregoing Consent and Authorization, appeared before me and the notary public and acknowledged signing and delivering the instrument as his or her free and voluntary act for the uses and purposes therein set forth.
SB1777 Enrolled - 41 - LRB104 09558 JRC 19621 b (Customer's birth date) (month/day/year) The undersigned witness certifies that ................., known to me to be the same person whose name is subscribed as the customer to the foregoing Consent and Authorization, appeared before me and the notary public and acknowledged signing and delivering the instrument as his or her free and voluntary act for the uses and purposes therein set forth.
(Address of Witness) State of Illinois) SB1777 Engrossed - 42 - LRB104 09558 JRC 19621 b ) ss.
(Address of Witness) State of Illinois) SB1777 Enrolled - 42 - LRB104 09558 JRC 19621 b ) ss.
The SB1777 Engrossed - 43 - LRB104 09558 JRC 19621 b member signing the consent and authorization shall indemnify and hold the credit union harmless that relies in good faith upon the consent and authorization and incurs a loss because of such reliance.
The SB1777 Enrolled - 43 - LRB104 09558 JRC 19621 b member signing the consent and authorization shall indemnify and hold the credit union harmless that relies in good faith upon the consent and authorization and incurs a loss because of such reliance.
or (2) authorize his or her attorney or duly SB1777 Engrossed - 44 - LRB104 09558 JRC 19621 b appointed agent to request and obtain the member's financial records and disclose those financial records to the Department.
or (2) authorize his or her attorney or duly SB1777 Enrolled - 44 - LRB104 09558 JRC 19621 b appointed agent to request and obtain the member's financial records and disclose those financial records to the Department.
A credit union providing information in accordance with this item (18) shall not be liable to the member or any other person for the disclosure of the information to the law enforcement SB1777 Engrossed - 45 - LRB104 09558 JRC 19621 b authority.
A credit union providing information in accordance with this item (18) shall not be liable to the member or any other person for the disclosure of the information to the law enforcement SB1777 Enrolled - 45 - LRB104 09558 JRC 19621 b authority.
(d) A credit union shall disclose financial records under item (3)(c)(2) of this Section pursuant to a lawful subpoena, summons, warrant, citation to discover assets, or court order only after the credit union sends a copy of the subpoena, summons, warrant, citation to discover assets, or court order to the person establishing the relationship with the credit union, if living, and otherwise the person's personal representative, if known, at the person's last known address SB1777 Engrossed - 46 - LRB104 09558 JRC 19621 b by first class mail, postage prepaid, through a third-party commercial carrier or courier with delivery charge fully prepaid, by hand delivery, or by electronic delivery at an email address on file with the credit union (if the person establishing the relationship with the credit union has consented to receive electronic delivery and, if the person establishing the relationship with the credit union is a consumer, the person has consented under the consumer consent provisions set forth in Section 7001 of Title 15 of the United States Code), unless the credit union is specifically prohibited from notifying the person by order of court or by applicable State or federal law.
(d) A credit union shall disclose financial records under item (3)(c)(2) of this Section pursuant to a lawful subpoena, summons, warrant, citation to discover assets, or court order only after the credit union sends a copy of the subpoena, summons, warrant, citation to discover assets, or court order to the person establishing the relationship with the credit union, if living, and otherwise the person's personal representative, if known, at the person's last known address SB1777 Enrolled - 46 - LRB104 09558 JRC 19621 b by first class mail, postage prepaid, through a third-party commercial carrier or courier with delivery charge fully prepaid, by hand delivery, or by electronic delivery at an email address on file with the credit union (if the person establishing the relationship with the credit union has consented to receive electronic delivery and, if the person establishing the relationship with the credit union is a consumer, the person has consented under the consumer consent provisions set forth in Section 7001 of Title 15 of the United States Code), unless the credit union is specifically prohibited from notifying the person by order of court or by applicable State or federal law.
SB1777 Engrossed - 47 - LRB104 09558 JRC 19621 b (f) A credit union shall be reimbursed for costs which are reasonably necessary and which have been directly incurred in searching for, reproducing or transporting books, papers, records or other data of a member required or requested to be produced pursuant to a lawful subpoena, summons, warrant, citation to discover assets, or court order.
SB1777 Enrolled - 47 - LRB104 09558 JRC 19621 b (f) A credit union shall be reimbursed for costs which are reasonably necessary and which have been directly incurred in searching for, reproducing or transporting books, papers, records or other data of a member required or requested to be produced pursuant to a lawful subpoena, summons, warrant, citation to discover assets, or court order.
(a) Any holder during his or her lifetime may change any of SB1777 Engrossed - 48 - LRB104 09558 JRC 19621 b the designated beneficiaries to own the account at the death of the last surviving holder without the knowledge or consent of any other holder or the designated beneficiaries by a written instrument accepted by the institution;
(a) Any holder during his or her lifetime may change any of SB1777 Enrolled - 48 - LRB104 09558 JRC 19621 b the designated beneficiaries to own the account at the death of the last surviving holder without the knowledge or consent of any other holder or the designated beneficiaries by a written instrument accepted by the institution;
(d) Notwithstanding anything to the contrary in subsection (c), any holder of the account may elect a per stirpes distribution option to the descendants of a natural person beneficiary if the beneficiary predeceases the last surviving SB1777 Engrossed - 49 - LRB104 09558 JRC 19621 b holder of the account.
(d) Notwithstanding anything to the contrary in subsection (c), any holder of the account may elect a per stirpes distribution option to the descendants of a natural person beneficiary if the beneficiary predeceases the last surviving SB1777 Enrolled - 49 - LRB104 09558 JRC 19621 b holder of the account.
SB1777 Engrossed - 50 - LRB104 09558 JRC 19621 b (a) Electronic documents.
SB1777 Enrolled - 50 - LRB104 09558 JRC 19621 b (a) Electronic documents.
SB1777 Engrossed - 51 - LRB104 09558 JRC 19621 b (c) Electronic notices.
SB1777 Enrolled - 51 - LRB104 09558 JRC 19621 b (c) Electronic notices.
SB1777 Engrossed - 52 - LRB104 09558 JRC 19621 b (ii) informing the consumer of whether the consent applies:
SB1777 Enrolled - 52 - LRB104 09558 JRC 19621 b (ii) informing the consumer of whether the consent applies:
and (ii) consents electronically, or confirms his or her consent electronically, in a manner that reasonably demonstrates that the consumer can SB1777 Engrossed - 53 - LRB104 09558 JRC 19621 b access information in the electronic form that will be used to provide the information that is the subject of the consent;
and (ii) consents electronically, or confirms his or her consent electronically, in a manner that reasonably demonstrates that the consumer can SB1777 Enrolled - 53 - LRB104 09558 JRC 19621 b access information in the electronic form that will be used to provide the information that is the subject of the consent;
Nothing in this subsection (c) affects the content or timing of any disclosure or other record required to be provided or made available to any consumer under any SB1777 Engrossed - 54 - LRB104 09558 JRC 19621 b statute, regulation, or other rule of law.
Nothing in this subsection (c) affects the content or timing of any disclosure or other record required to be provided or made available to any consumer under any SB1777 Enrolled - 54 - LRB104 09558 JRC 19621 b statute, regulation, or other rule of law.
A consumer's withdrawal of consent shall be effective within a reasonable period of time SB1777 Engrossed - 55 - LRB104 09558 JRC 19621 b after receipt of the withdrawal by the provider of the record.
A consumer's withdrawal of consent shall be effective within a reasonable period of time SB1777 Enrolled - 55 - LRB104 09558 JRC 19621 b after receipt of the withdrawal by the provider of the record.
(a) A person who has attained the age of 18 years, is a resident of the United States, is not of unsound mind, is not an adjudged person with a disability as defined in this Act, is not currently incarcerated in State or federal prison, and, except as provided in subsection (c), has not been convicted SB1777 Engrossed - 56 - LRB104 09558 JRC 19621 b of a felony is qualified to act as executor.
(a) A person who has attained the age of 18 years, is a resident of the United States, is not of unsound mind, is not an adjudged person with a disability as defined in this Act, is not currently incarcerated in State or federal prison, and, except as provided in subsection (c), has not been convicted SB1777 Enrolled - 56 - LRB104 09558 JRC 19621 b of a felony is qualified to act as executor.
(d) The court may in its discretion require a nonresident SB1777 Engrossed - 57 - LRB104 09558 JRC 19621 b executor to furnish a bond in such amount and with such surety as the court determines notwithstanding any contrary provision of the will.
(d) The court may in its discretion require a nonresident SB1777 Enrolled - 57 - LRB104 09558 JRC 19621 b executor to furnish a bond in such amount and with such surety as the court determines notwithstanding any contrary provision of the will.
If the letters of office or a document purporting to be the letters of office provide for co-executors or co-administrators and either the person is unable to identify one or more of the co-executors or SB1777 Engrossed - 58 - LRB104 09558 JRC 19621 b co-administrators or cannot determine the lawful existence of any co-executor or co-administrator or if conflicting claims or directions are made by the co-executors or co-administrators, then the person may refuse to perform any transaction until the person receives a determination of the appropriate course of action by a court of appropriate jurisdiction.
If the letters of office or a document purporting to be the letters of office provide for co-executors or co-administrators and either the person is unable to identify one or more of the co-executors or SB1777 Enrolled - 58 - LRB104 09558 JRC 19621 b co-administrators or cannot determine the lawful existence of any co-executor or co-administrator or if conflicting claims or directions are made by the co-executors or co-administrators, then the person may refuse to perform any transaction until the person receives a determination of the appropriate course of action by a court of appropriate jurisdiction.
(a) The surviving spouse or any person nominated by the SB1777 Engrossed - 59 - LRB104 09558 JRC 19621 b surviving spouse.
(a) The surviving spouse or any person nominated by the SB1777 Enrolled - 59 - LRB104 09558 JRC 19621 b surviving spouse.
SB1777 Engrossed - 60 - LRB104 09558 JRC 19621 b (Source:
SB1777 Enrolled - 60 - LRB104 09558 JRC 19621 b (Source:
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Amendments

1 amendment

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Action History

  1. Public Act . . . . . . . . . 104-0123

  2. Effective Date January 1, 2026

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Short Debate - Passed 115-000-000

  7. Added Alternate Chief Co-Sponsor Rep. Daniel Didech

  8. Added Alternate Chief Co-Sponsor Rep. Jennifer Gong-Gershowitz

  9. Added Alternate Chief Co-Sponsor Rep. Dan Ugaste

  10. Placed on Calendar Order of 3rd Reading - Short Debate

  11. Second Reading - Short Debate

  12. Placed on Calendar 2nd Reading - Short Debate

  13. Do Pass / Short Debate Judiciary - Civil Committee; 019-000-000

  14. Assigned to Judiciary - Civil Committee

  15. Referred to Rules Committee

  16. First Reading

  17. Chief House Sponsor Rep. Margaret Croke

  18. Arrived in House

  19. Third Reading - Passed; 056-000-000

  20. Placed on Calendar Order of 3rd Reading

  21. Placed on Calendar Order of 3rd Reading **

  22. Placed on Calendar Order of 3rd Reading April 1, 2025

  23. Second Reading

  24. Placed on Calendar Order of 2nd Reading March 20, 2025

  25. Do Pass as Amended Judiciary; 009-000-000

  26. Senate Committee Amendment No. 1 Adopted

  27. Senate Committee Amendment No. 1 Assignments Refers to Judiciary

  28. Senate Committee Amendment No. 1 Referred to Assignments

  29. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker

  30. Added as Chief Co-Sponsor Sen. Jil Tracy

  31. Assigned to Judiciary

  32. Referred to Assignments

  33. First Reading

  34. Filed with Secretary by Sen. Mark L. Walker

Sponsors

Sponsorship breakdown

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2 sponsors · 4 co-sponsors · 177 not signed on

Sponsors (2)

Co-sponsors (4)

Not signed on (177)

177 members have not signed on to this bill.

Show all 177 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 115 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Democrat 66003
Republican 39000
Unaffiliated 9000
Total 114003
% of votes cast 97%0%0%3%
How each member voted (117)
Member Party Vote
Stava-Murray — Yea
Costa Howard — Yea
Du Buclet — Yea
Faver Dias — Yea
Hernandez, Lisa — Yea
Katz Muhl — Yea
La Ha — Yea
Williams, Jawaharial — Yea
Yang Rohr — Yea
Aarón M. Ortíz Democrat Yea
Abdelnasser Rashid Democrat Yea
Amy Briel Democrat Yea
Angelica Guerrero-Cuellar Democrat Yea
Ann M. Williams Democrat Yea
Anna Moeller Democrat Yea
Anthony DeLuca Democrat Yea
Barbara Hernandez Democrat Yea
Bob Morgan Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
Curtis J. Tarver, II Democrat Yea
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Debbie Meyers-Martin Democrat Yea
Diane Blair-Sherlock Democrat Yea
Edgar González, Jr. Democrat Yea
Eva-Dina Delgado Democrat Yea
Fred Crespo Democrat Yea
Gregg Johnson Democrat Yea
Harry Benton Democrat Yea
Hoan Huynh Democrat Yea
Jaime M. Andrade, Jr. Democrat Yea
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Joyce Mason Democrat Yea
Justin Slaughter Democrat Yea
Kam Buckner Democrat Yea
Katie Stuart Democrat Yea
Kelly M. Cassidy Democrat Yea
Kevin John Olickal Democrat Yea
La Shawn K. Ford Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lilian Jiménez Democrat Yea
Lindsey LaPointe Democrat Yea
Lisa Davis Democrat Yea
Marcus C. Evans, Jr. Democrat Yea
Margaret Croke Democrat Yea
Martha Deuter Democrat Yea
Martin J. Moylan Democrat Yea
Mary Beth Canty Democrat Yea
Mary Gill Democrat Yea
Matt Hanson Democrat Yea
Maura Hirschauer Democrat Yea
Maurice A. West, II Democrat Yea
Michael Crawford Democrat Yea
Michael J. Kelly Democrat Yea
Michelle Mussman Democrat Yea
Nabeela Syed Democrat Not Voting
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Nicolle Grasse Democrat Yea
Norma Hernandez Democrat Yea
Rick Ryan Democrat Yea
Rita Mayfield Democrat Not Voting
Robert "Bob" Rita Democrat Yea
Robyn Gabel Democrat Yea
Sharon Chung Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Not Voting
Suzanne M. Ness Democrat Yea
Thaddeus Jones Democrat Yea
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Yea
Yolonda Morris Democrat Yea
Adam M. Niemerg Republican Yea
Amy Elik Republican Yea
Amy L. Grant Republican Yea
Blaine Wilhour Republican Yea
Brad Halbrook Republican Yea
Brad Stephens Republican Yea
Bradley Fritts Republican Yea
Brandun Schweizer Republican Yea
Charles Meier Republican Yea
Chris Miller Republican Yea
Christopher "C.D." Davidsmeyer Republican Yea
Dan Swanson Republican Yea
Daniel J. Ugaste Republican Yea
Dave Severin Republican Yea
David Friess Republican Yea
Dennis Tipsword Republican Yea
Jackie Haas Republican Yea
Jason R. Bunting Republican Yea
Jed Davis Republican Yea
Jeff Keicher Republican Yea
Jennifer Sanalitro Republican Yea
Joe C. Sosnowski Republican Yea
John M. Cabello Republican Yea
Kevin Schmidt Republican Yea
Kyle Moore Republican Yea
Martin McLaughlin Republican Yea
Michael J. Coffey, Jr. Republican Yea
Norine K. Hammond Republican Yea
Patrick Sheehan Republican Yea
Patrick Windhorst Republican Yea
Paul Jacobs Republican Yea
Regan Deering Republican Yea
Ryan Spain Republican Yea
Steven Reick Republican Yea
Tom Weber Republican Yea
Tony M. McCombie Republican Yea
Travis Weaver Republican Yea
Wayne A. Rosenthal Republican Yea
William E Hauter Republican Yea

Official roll call →

Third Reading

Passed 19 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 12000
Republican 6001
Unaffiliated 1000
Total 19001
% of votes cast 95%0%0%5%
How each member voted (20)
Member Party Vote
Katz Muhl — Yea
Ann M. Williams Democrat Yea
Curtis J. Tarver, II Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Eva-Dina Delgado Democrat Yea
Jay Hoffman Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Kam Buckner Democrat Yea
Kevin John Olickal Democrat Yea
Lilian Jiménez Democrat Yea
Margaret Croke Democrat Yea
Mary Beth Canty Democrat Yea
Bradley Fritts Republican Yea
Daniel J. Ugaste Republican Yea
David Friess Republican Yea
Jed Davis Republican Yea
Martin McLaughlin Republican Not Voting
Steven Reick Republican Yea
Tom Weber Republican Yea

Official roll call →

Third Reading

Passed 56 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 3000
Democrat 33003
Republican 19000
Total 55003
% of votes cast 95%0%0%5%
How each member voted (58)
Member Party Vote
Simmons — Yea
Glowiak Hilton — Yea
Loughran Cappel — Yea
Bill Cunningham Democrat Yea
Celina Villanueva Democrat Yea
Christopher Belt Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Doris Turner Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Not Voting
Graciela Guzmán Democrat Yea
Gregg Johnson Democrat Yea
Javier L. Cervantes Democrat Yea
Julie A. Morrison Democrat Yea
Karina Villa Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura Ellman Democrat Yea
Laura Fine Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mark L. Walker Democrat Yea
Mary Edly-Allen Democrat Yea
Mattie Hunter Democrat Not Voting
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Yea
Napoleon Harris III Democrat Yea
Omar Aquino Democrat Not Voting
Patrick J. Joyce Democrat Yea
Paul Faraci Democrat Yea
Rachel Ventura Democrat Yea
Ram Villivalam Democrat Yea
Robert F. Martwick Democrat Yea
Robert Peters Democrat Yea
Sara Feigenholtz Democrat Yea
Steve Stadelman Democrat Yea
Willie Preston Democrat Yea
Andrew S. Chesney Republican Yea
Chapin Rose Republican Yea
Chris Balkema Republican Yea
Craig Wilcox Republican Yea
Dale Fowler Republican Yea
Darby A. Hills Republican Yea
Dave Syverson Republican Yea
Donald P. DeWitte Republican Yea
Erica Harriss Republican Yea
Jason Plummer Republican Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Li Arellano, Jr. Republican Yea
Neil Anderson Republican Yea
Sally J. Turner Republican Yea
Seth Lewis Republican Yea
Steve McClure Republican Yea
Sue Rezin Republican Yea
Terri Bryant Republican Yea

Official roll call →

Subjects

finance
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Frequently asked questions

Who sponsors SB 1777?
SB 1777 is sponsored by Mark L. Walker (Democrat), Jil Tracy (Republican), Margaret Croke (Democrat), Daniel J. Ugaste (Republican), Jennifer Gong-Gershowitz (Democrat), and Daniel Didech (Democrat).
What is the current status of SB 1777?
This bill has been enacted into law. Introduced February 06, 2025. Enacted.
Where can I track SB 1777?
Track SB 1777 free on One Click Politics — get push/email alerts when it moves.

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