04262018CM0154SPRINGFIELD– Senator Cristina Castro (D-Elgin) is working to ensure that Illinois consumers get rebates in a fair way.

Senate Bill 3102 makes it unlawful for retailers to offer consumers a rebate made on a store-value card that charges inactivity fees or other post-issuance fees.

“If a consumer is owed money from a rebate, they shouldn’t be hindered by dormancy fees,” said Castro. “It is unlawful and unfair. Consumers shouldn’t be at risk of being charged for getting a rebate. That is their money.”

The measure amends the Consumer Fraud and Deceptive Business Practices Act, which is designed to protect consumers against fraud and deceptive practices.

In the past, companies would issue a rebate in the form of a check to a consumer. Under current law, if the check is not cashed within three years, the company is required to turn the amount of the check over to the Treasurer's Office as unclaimed property.

The State Treasurer and the Attorney General have worked together to protect Illinois consumers who have money owed to them from rebates.  

Senate Bill 3102 passed the Illinois Senate today 35-17 and now moves to the House for consideration.

Category: News

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