# Illinois SB1777: BANKING&PROBATE-FINANCE/NOTICE Illinois SB1777, BANKING&PROBATE-FINANCE/NOTICE, is a 104th General Assembly (2025–2026) Senate bill sponsored by Mark L. Walker (Democratic); status signed, last action 2025-08-01 (Public Act . . . . . . . . . 104-0123) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-SB1777-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois SB1777 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: BANKING&PROBATE-FINANCE/NOTICE - Status: signed - Chamber: Senate - Introduced: 2025-02-06 - Last action: 2025-08-01, Public Act . . . . . . . . . 104-0123 - Sponsor: Mark L. Walker (Democratic) - Cosponsors: 5 - Subjects: assignments, judiciary, judiciary - civil - Touches household money: no - Roll calls: 4 (199 yes, 0 no in all) - Economic provisions PRIA read: 4 ## Summary Amends the Illinois Banking Act. In provisions concerning customer financial records and confidentiality, provides that the language does not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Savings Bank Act and the Illinois Credit Union Act to make the same changes. Amends the Illinois Credit Union Act. Amends the Illinois Trust and Payable on Death Accounts Act. Provides that any holder of an account may elect a per stirpes distribution option to the descendants of a natural person beneficiary if the beneficiary predeceases the last surviving holder of the account. Makes other changes. Amends the Financial Institutions Electronic Documents and Digital Signature Act. In provisions concerning electronic notices, provides that consent to electronic transactions given by the customer under the federal Electronic Signatures in Global and National Commerce Act satisfies applicable consent requirements. Amends the Probate Act of 1975. Provides that any person doing business or performing transactions on behalf of or at the direction of an executor or administrator with a will annexed is entitled to the presumption that the executor or administrator is lawfully authorized to conduct the business or perform the transaction as long as the person verifies that the letters testamentary or administration was issued by the court solely to the executor or administrator. Provides that if the letters testamentary or administration with the will annexed provide for co-executors or co-administrators, the person is entitled to the presumption only when the business or transaction is performed on behalf or at the direction of all listed executors or administrators in the letters. Provides that any person, corporation, or financial institution that conducts business or performs transactions on behalf of or at the direction of an executor or administrator with the will annexed is fully protected and released from liability if the person bases the presumption on the verification of the letters testamentary or administration with the will annexed. ## Bill overview: provisions PRIA read - Federal electronic consent meets Illinois rules: benefit, low. A customer's consent to electronic transactions under federal e-signature law also meets Illinois's electronic-notice consent requirement. Financial institutions can rely on that consent for transactions in or affecting commerce within Illinois. - Account holders can choose descendants as heirs: benefit, low. Payable-on-death account holders can choose to pass a deceased beneficiary's share to that person's descendants. This option applies to individual beneficiaries who die before the last surviving account holder. All beneficiary shares must add up to 100%. If no beneficiary is designated, the money g… - Estate representatives can get financial records: benefit, low. Illinois banks, savings banks, and credit unions may share a deceased customer's financial information with the customer's estate representative. The recipient must be an executor, administrator, or another lawful estate representative. This exception to financial privacy restrictions helps represe… - Estate transactions gain protections but face pauses: mixed, low. People, companies, and financial institutions gain legal protection when handling transactions for an executor or administrator. That protection applies when they act under the authority specified by law or examine and rely on estate appointment papers. They may pause a transaction until a court gi… ## Sponsors and cosponsors - Sponsor: Mark L. Walker (Democratic), Senate - Cosponsor: Daniel Didech (Democratic), House - Cosponsor: Daniel J. Ugaste (Republican), House - Cosponsor: Jennifer Gong-Gershowitz (Democratic), House - Cosponsor: Jil Tracy (Republican), Senate - Cosponsor: Margaret Croke (Democratic), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-05-22 | House | Third Reading - Short Debate - Passed | pass | 115 | 0 | | | 2025-04-23 | House | Do Pass / Short Debate Judiciary - Civil Committee; | pass | 19 | 0 | | | 2025-04-09 | Senate | Third Reading - Passed; | pass | 56 | 0 | | | 2025-03-19 | Senate | Do Pass as Amended Judiciary; | pass | 9 | 0 | | ## Actions (34) - 2025-08-01: Public Act . . . . . . . . . 104-0123 (Senate) - 2025-08-01: Effective Date January 1, 2026 (Senate) - 2025-08-01: Governor Approved (Senate) - 2025-06-20: Sent to the Governor (Senate) - 2025-05-22: Passed Both Houses (Senate) - 2025-05-22: Third Reading - Short Debate - Passed 115-000-000 (House) - 2025-05-20: Added Alternate Chief Co-Sponsor Rep. Daniel Didech (House) - 2025-05-20: Added Alternate Chief Co-Sponsor Rep. Jennifer Gong-Gershowitz (House) - 2025-05-20: Added Alternate Chief Co-Sponsor Rep. Daniel J. Ugaste (House) - 2025-05-14: Placed on Calendar Order of 3rd Reading - Short Debate (House) - 2025-05-14: Second Reading - Short Debate (House) - 2025-04-23: Placed on Calendar 2nd Reading - Short Debate (House) - 2025-04-23: Do Pass / Short Debate Judiciary - Civil Committee; 019-000-000 (House) - 2025-04-17: Assigned to Judiciary - Civil Committee (House) - 2025-04-09: Referred to Rules Committee (House) - 2025-04-09: First Reading (House) - 2025-04-09: Chief House Sponsor Rep. Margaret Croke (House) - 2025-04-09: Arrived in House (House) - 2025-04-09: Third Reading - Passed; 056-000-000 (Senate) - 2025-04-09: Placed on Calendar Order of 3rd Reading (Senate) - 2025-04-04: Placed on Calendar Order of 3rd Reading ** (Senate) - 2025-03-20: Placed on Calendar Order of 3rd Reading April 1, 2025 (Senate) - 2025-03-20: Second Reading (Senate) - 2025-03-19: Placed on Calendar Order of 2nd Reading March 20, 2025 (Senate) - 2025-03-19: Do Pass as Amended Judiciary; 009-000-000 (Senate) - 2025-03-19: Senate Committee Amendment No. 1 Adopted (Senate) - 2025-03-18: Senate Committee Amendment No. 1 Assignments Refers to Judiciary (Senate) - 2025-03-14: Senate Committee Amendment No. 1 Referred to Assignments (Senate) - 2025-03-14: Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker (Senate) - 2025-02-25: Added as Chief Co-Sponsor Sen. Jil Tracy (Senate) - 2025-02-18: Assigned to Judiciary (Senate) - 2025-02-06: Referred to Assignments (Senate) - 2025-02-06: First Reading (Senate) - 2025-02-06: Filed with Secretary by Sen. Mark L. Walker (Senate) ## Bill text - Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1777eng.pdf) - Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1777enr.pdf) - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1777.pdf) - Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1777sam001.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1777eng.pdf) - [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1777enr.pdf) - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1777.pdf) - [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1777sam001.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-SB1777-2025-2026 (as of 2026-11-01).