CONSUMER-DEPOSIT ACCOOUNT

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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB3035

Introduced 1/28/2026, by Sen. Laura Ellman

SYNOPSIS AS INTRODUCED:

205 ILCS 605/6 new

Amends the Consumer Deposit Account Act. Prohibits a financial
institution from imposing a maintenance fee or service charge in
connection with a dormant or inactive consumer-deposit account.
LRB104 19162 BAB 32607 b

A BILL FOR

SB3035
LRB104 19162 BAB 32607 b
1

AN ACT concerning regulation.

2

Be it enacted by the People of the State of Illinois,
3
represented in the General Assembly:

4

Section 5.
The Consumer Deposit Account Act is amended by
5
adding Section 6 as follows:

6

(205 ILCS 605/6 new)
7

Sec. 6.
Prohibition on dormant or inactive account fees or
8
service charges.

9

(a) For purposes of this Section, a consumer-deposit
10
account is considered dormant or inactive if:
11

(1) one year has passed from the date of the last
12

transaction recorded on the books of the financial
13

institution with respect to the account; and
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(2) the account holder has not corresponded with the
15

financial institution regarding the account for a period
16

of not less than 12 months immediately preceding the
17

determination.
18

(b) A financial institution may not impose a maintenance
19
fee or service charge in connection with a dormant or inactive
20
consumer-deposit account.

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