This legal document, known as Section 28-1 of the Criminal Code of 2012 under the Illinois Compiled Statutes, governs gambling and related offenses in the state of Illinois. It defines gambling as knowingly participating in games of chance or skill for money or other value, making wagers on game results or political events, operating or owning gambling devices, selling pools or lottery tickets, transmitting betting information, and operating online gambling sites.

The Biometric Information Privacy Act (BIPA) is a law in Illinois that governs the collection, use, safeguarding, handling, storage, retention, and destruction of biometric identifiers and information. It applies to businesses and organizations that collect, use, store, or handle biometric identifiers and information. The Act recognizes the concerns of the public regarding the use of biometrics tied to finances and personal information and emphasizes the need for regulation to protect the public welfare, security, and safety.

The Mortgage Rescue Fraud Act, governed by the Illinois Compiled Statutes, regulates the activities of distressed property consultants and distressed property purchasers. It defines ‘distressed property’ and ‘distressed property consultant’ and exempts certain entities and individuals from the definition of a distressed property consultant. The Act requires distressed property consultant contracts to be in writing and fully disclose the nature of the consultant’s services and compensation terms. It also mandates the inclusion of a notice informing property owners of the consultant’s limitations and the owner’s right to cancel the transaction.

This section of the Illinois Compiled Statutes, specifically the Uniform Commercial Code, governs the acceptance of drafts and certified checks. Acceptance refers to the drawee’s agreement to pay a draft as presented, which must be written on the draft and can consist of the drawee’s signature alone. Acceptance can be made at any time and becomes effective upon notification or delivery of the accepted draft. The section also clarifies that a draft can be accepted even if it lacks the drawer’s signature, is incomplete, overdue, or has been dishonored.

This section of the Illinois Compiled Statutes, specifically the Uniform Commercial Code, governs the medium and time of settlement by a bank. The settlement can be prescribed by Federal Reserve regulations, clearing-house rules, agreements, or similar means. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve Bank or as specified by the person receiving settlement. The time of settlement varies depending on the method of tender, such as cash, check, credit, debit, or funds transfer.

This legal document, Section 4-215 of the Illinois Compiled Statutes, falls under the Uniform Commercial Code and specifically governs the final payment of items by payor banks, provisional debits and credits becoming final, and the availability of credits for withdrawal. It outlines that an item is finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or provisionally settled and not revoked within the permitted time.

This section of the Illinois Compiled Statutes, specifically the Uniform Commercial Code, governs the collection of items by payor banks. It outlines the procedures and requirements for payor banks when settling for demand items, such as returning the item or sending notice of dishonor or nonpayment. The section also specifies the time limits and methods for returning items or sending notice of dishonor. Additionally, it defines the time of dishonor for items and provides guidelines for returning items presented through a clearing-house or in other cases.

This section of the Illinois Compiled Statutes, specifically the Uniform Commercial Code, governs the collection of items by payor banks. It outlines the circumstances under which knowledge, notice, stop-payment orders, legal processes, or setoffs received by a payor bank do not terminate, suspend, or modify the bank’s right or duty to pay an item or charge its customer’s account. The section specifies the order in which items may be charged or certified and provides criteria for when the bank becomes accountable for the amount of the item.

This section of the Illinois Compiled Statutes, specifically Section 4-401, governs the relationship between a payor bank and its customer in the context of bank deposits and collections. It outlines the circumstances under which a bank may charge a customer’s account, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and in accordance with any agreement between the customer and the bank.

This section of the Illinois Compiled Statutes, specifically the Uniform Commercial Code, governs the relationship between a payor bank and its customer in the context of bank deposits and collections. It grants the customer the right to stop payment of any item drawn on their account or close the account by providing an order to the bank. The stop-payment order is effective for 6 months, but lapses after 14 calendar days if the original order was oral and not confirmed in writing.