§ 1 This Act may be cited as the Electronic Fund Transfer Act
§ 5 Findings and purpose
§ 10 Definitions
§ 15 Exemptions and limitations
§ 20 Powers and duties of Commissioner
§ 25 Examination authority
§ 30 Acceptance of deposits
§ 35 Limit on switch connections
§ 40 Transmission through a network
§ 45 Nondiscriminatory access
§ 46 Disclosure requirements for general use reloadable cards
§ 50 Terminal requirements
§ 55 Applicability of federal law
§ 60 Judicial review
§ 65 Inseverability and severability
§ 80 Continuity of regulation
§ 85 Reliance on Commissioner
§ 89 The Electronic Fund Transfer Transmission Facility Act is repealed

Terms Used In Illinois Compiled Statutes > 205 ILCS 616 - Electronic Fund Transfer Act

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Subpoena: A command to a witness to appear and give testimony.
  • United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
  • Venue: The geographical location in which a case is tried.