205 ILCS 658/9-5: Disclosures for payroll processing services.
Where this section sits in the code
- CHAPTER 205 FINANCIAL REGULATION
- Uniform Money Transmission Modernization Act.
(a) A licensee that provides payroll processing services shall:
(1) issue reports to clients detailing client payroll obligations in advance of the payroll funds being deducted from an account; and
(2) make worker paystubs or an equivalent statement available to workers.
(b) Subsection (a) does not apply to a licensee providing payroll processing services where the licensee's client designates the intended recipients to the licensee and is responsible for providing the disclosures required by paragraph (2) of subsection (a).
Collected 2026-09-15T04:46:29Z. Source file · JSON