SB3670 - FINANCIAL REGULATION-VARIOUS
Illinois - 103rd General Assembly
Introduced byLaura Ellman, Ann Gillespie, Napoleon Harris
Last updated 8 months ago
3 Co-Sponsors
Creates the Uniform Money Transmission Modernization Act. Provides that the provisions supersede the Transmitters of Money Act. Sets forth provisions concerning money transmission licenses; acquisition of control; reporting and records; authorized delegates; timely transmission, refunds, and disclosures; prudential standards; and enforcement. Repeals the Transmitters of Money Act. Makes other changes. Effective January 1, 2026.
STATUS
Introduced
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