Bill Title: 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.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced) 2024-05-03 - Rule 3-9(a) / Re-referred to Assignments
[SB3670 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2024-02-09 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB3670 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB3670 currently on file. |
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