CONSUMER FRAUD-DEBT HOLD LIMIT Senate SponsorsSen. Peter J. Roskam-Dave Syverson and Pamela J. Althoff-Jacqueline Y. Collins 1/9/2007SenateSession Sine Die 815 ILCS 505/2XX newAmends the Consumer Fraud and Deceptive Business Practices Act. Provides that, in any transaction in which an individual authorizes a person or entity to make a debit from his or her bank account for the purpose of placing a hold on the account to ensure payment for future services, the person or entity must provide the individual with a written statement that includes a reasonable price quote for the transaction. Prohibits the person or entity from debiting the individual's bank account in amount greater than the price quoted on the written statement unless, at the time services are complete, the amount actually incurred by the individual exceeds the amount of the quoted price. Provides that the requirements do not apply to credit card transactions. Makes violation of the provisions an unlawful practice under the Act. 1/20/2006SenateFiled with Secretary by Sen. Peter J. Roskam 1/20/2006SenateChief Co-Sponsor Sen. Dave Syverson 1/20/2006SenateFirst Reading 1/20/2006SenateReferred to Rules 1/31/2006SenateAdded as Co-Sponsor Sen. Pamela J. Althoff 2/1/2006SenateAssigned to Financial Institutions 2/7/2006SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins 2/9/2006SenatePostponed - Financial Institutions 2/16/2006SenatePostponed - Financial Institutions 2/17/2006SenateRule 3-9(a) / Re-referred to Rules 1/9/2007SenateSession Sine Die