On May 25, ILL LEG passed bill on rental payment transaction fee.
ILL LEG passed bill HB 4206 on amending the Landlord and tenant act on rental payment transaction fee in certain situations; enacts new ILL LEG 765-705/3.5
Bill Provisions
For cases where landlord uses 3rd-party payment portal to collect rent from tenants and transaction fee is imposed through portal on rental payments made by e-check.
Landlord to allow tenant to make rental payments by delivering paper check to landlord or their office or by means that do not require tenant to pay transaction fee.
Legislative History
On Nov. 1, 2023, bill introduced in the House; on Apr. 19, 2024, bill passed in House.
On Apr. 24, 2024, bill introduced in Senate; on May 15, 2024, bill passed in Senate.
On May 25, 2024, House concurred with amendments; bill passed both chambers.
Effectiveness
Bill provisions become effective Aug. 1, 2024.
Aug. 2024 ILL LEG Governor Approval
On Aug. 9, 2024, ILL LEG reported bill approved by governor, Public Act 103-0809.
Public Act 103-0809 amending Landlord and tenant act effective on Jan. 1, 2025.
Regulators
ILL LEG
Entity Types
Corp
Reference
Bill, Public Act 103-0809, 8/9/2024; Bill, HB4206, 5/25/2024; Citation: ILL LEG 765-705;
