Sec. 5-20. Customer service; requests for assistance.

182 words·~1 min read·/il/chapter-205/act-731/5-20

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A covered person shall prominently display on its internet website a toll-free telephone number through which a resident can contact the covered person for requests for assistance and receive live customer assistance, subject to any rules adopted by the Department.

(b)A covered person shall implement reasonable policies and procedures for accepting, processing, investigating, and responding to requests for assistance in a timely and effective manner. Such policies and procedures shall include all of the following:

(1)A procedure for resolving disputes between the covered person and a resident.

(2)A procedure for a resident to report an unauthorized, mistaken, or accidental

digital asset business activity transaction.

(3)A procedure for a resident to file a complaint with the covered person and for the

resolution of the complaint in a fair and timely manner with notice to the resident as soon as reasonably practical of the resolution and the reasons for the resolution.

(4)Any other procedure designated by rule by the Department as may be necessary and

appropriate for the protection of residents.