Short title
Short title. This Act may be cited as the Credit Card Marketing Act of 2009. (Source: P.A. 96-261, eff. 1-1-10.)
Illinois · statute · 110 ILCS 26 · 21 active provisions
Short title. This Act may be cited as the Credit Card Marketing Act of 2009. (Source: P.A. 96-261, eff. 1-1-10.)
Definitions. As used in this Act: "Credit card" means a card or device issued under an agreement by which the credit card issuer gives to a cardholder residing in the State of Illinois the privilege of obtaining credit from the credit card issuer or another person in connection with the purchase or lease of goods or se…
Financial education. Any institution of higher education that enters into an agreement to market credit cards to students pursuing an undergraduate education, or that allows its student groups, alumni associations, or affiliates to enter into such agreements must make a financial education program available to all stud…
Disclosure of agreements with credit card issuers. (a) Any institution of higher education, including its agents, employees, or student or alumni organizations, or affiliates that receives any funds or items of value from the distribution of applications for credit cards to students pursuing an undergraduate education,…
Gifts and inducements. No institution of higher education shall knowingly allow on its campus credit card marketing activity that involves the offer of gifts, coupons, or other tangible personal property to students pursuing an undergraduate education where the ultimate goal is to induce a student to complete an applic…
Provision of student information prohibited. Institutions of higher education, including their agents, employees, student groups, alumni organizations, or any affiliates may not provide to a business organization or financial institution for purposes of marketing credit cards the following information about students pu…
Enforcement; violations. Whenever the Attorney General has reason to believe that any institution of higher education is knowingly using, has used, or is about to use any method, act, or practice in violation of this Act, or knows or should have reason to know that agents, employees, students, student groups, alumni as…
Attorney General; investigations; issuance of subpoenas. (a) The Attorney General may conduct any investigation deemed necessary regarding possible violations of this Act including, but not limited to, the issuance of subpoenas to: (1) require the filing of a statement or report or answer interrogatories in writing as…
Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 96-261, eff. 1-1-10.)
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