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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 616

Sec. 40. Transmission through a network.

40 words·~1 min read·/il/chapter-205/act-616/40

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Sec. 40. Transmission through a network. All electronic fund transfers that
(i)are interchange transactions and
(ii)are initiated at a terminal in connection with payment for goods and services shall be transmitted to a financial institution through a network.
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