815 ILCS 150

in effect

815 ILCS 150/1 This Act may be cited as the Unsolicited Credit Card Act of 1977

(815 ILCS 150/1) (from Ch. 17, par. 6201) Sec. 1. This Act may be cited as the Unsolicited Credit Card Act of 1977. (Source: P.A. 86-1475.)

815 ILCS 150/2

(815 ILCS 150/2) (from Ch. 17, par. 6202) Sec. 2. As used in this Act, the following words have the meaning ascribed to them in this Section: "Financial institution" means any bank, insurance company, credit union, savings and loan association, investment trust or other depository of money or medium of savings or collective investment. "Credit card" means any instrument or device, whether known as a credit card, credit plate, charge plate or any other name, issued with or without fee by an issuer for the use of the cardholder in obtaining money, goods, services or anything else of value on credit or in consideration of an undertaking or guaranty by the issuer of the payment of a check drawn by the cardholder. Automated cards, issued by financial institutions to and for the use of only the customers of such financial institutions, to be used in conjunction with or without computer facilities to allow such customers to make deposits and withdrawals to or from checking or savings accounts, cash checks, pay loan installments and utility bills or transfer funds between various accounts shall not be considered credit cards for the purposes of this Act provided they do not permit cash loan advances or by agreement permit overdraft checking services. (Source: P.A. 81-1509.)

815 ILCS 150/3

(815 ILCS 150/3) (from Ch. 17, par. 6203) Sec. 3. No financial institution or other person or corporation doing business in this State shall issue any person a credit card, regardless of whether such credit card is to be used for personal, family, household, agricultural, business or commercial purposes, except (1) in response to a request or application therefor; or (2) as a renewal of, or in substitution for, an accepted credit card whether such card is issued by the same or a successor card issuer. (Source: P.A. 80-531.)

815 ILCS 150/4

(815 ILCS 150/4) (from Ch. 17, par. 6204) Sec. 4. Any person, corporation or financial institution who violates the provisions of this Act shall be guilty of a business offense, and may be fined an amount not to exceed $500. (Source: P.A. 80-531.)

815 ILCS 150/5

(815 ILCS 150/5) (from Ch. 17, par. 6205) Sec. 5. Nothing in this Act shall in any way alter or diminish the liabilities of credit card issuers as heretofore existent under the laws of the United States or the State of Illinois. (Source: P.A. 80-531.)

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026