Bill Amendment: IL HB5497 | 2017-2018 | 100th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: CREDIT UNION-AUDIT/EMAIL
Status: 2018-08-10 - Public Act . . . . . . . . . 100-0778 [HB5497 Detail]
Download: Illinois-2017-HB5497-House_Amendment_001.html
Bill Title: CREDIT UNION-AUDIT/EMAIL
Status: 2018-08-10 - Public Act . . . . . . . . . 100-0778 [HB5497 Detail]
Download: Illinois-2017-HB5497-House_Amendment_001.html
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1 | AMENDMENT TO HOUSE BILL 5497
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2 | AMENDMENT NO. ______. Amend House Bill 5497 on page 7, line | ||||||
3 | 17, after the period, by inserting the following:
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4 | " The written request shall reflect that it has been authorized | ||||||
5 | by a supervisory or managerial official of the law enforcement | ||||||
6 | authority. The decision to furnish the financial records of a | ||||||
7 | member to a law enforcement authority shall be made by a | ||||||
8 | supervisory or managerial official of the credit union. A | ||||||
9 | credit union providing information in accordance with this item | ||||||
10 | (17) shall not be liable to the member or any other person for | ||||||
11 | the disclosure of the information to the law enforcement | ||||||
12 | authority. "; and
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13 | on page 10, by replacing lines 8 through 10 with the following: | ||||||
14 | "the supervisory committee has not engaged a licensed certified | ||||||
15 | public accountant or licensed certified public accounting firm | ||||||
16 | registered by the Department of "; and
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1 | on page 10, by replacing lines 14 through 19 with the | ||||||
2 | following: | ||||||
3 | "such audit has been performed by a licensed certified public | ||||||
4 | accountant or licensed certified public accounting firm or that | ||||||
5 | the audit represents the independent opinion of a licensed | ||||||
6 | certified public accountant or licensed certified public | ||||||
7 | accounting firm . The supervisory committee must retain its"; | ||||||
8 | and
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9 | on page 11, by replacing lines 4 through 6 with the following: | ||||||
10 | " licensed certified public accountant or licensed certified | ||||||
11 | public accounting firm registered by the Department of | ||||||
12 | Financial and Professional Regulation to perform"; and
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13 | on page 11, by replacing lines 14 through 16 with the | ||||||
14 | following: | ||||||
15 | " $5,000,000 , shall engage a licensed certified public | ||||||
16 | accountant or licensed certified public accounting firm | ||||||
17 | registered by the Department of Financial and "; and
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18 | on page 12, by replacing lines 20 through 22 with the | ||||||
19 | following: | ||||||
20 | " (D) If the credit union engages a licensed certified | ||||||
21 | public accountant or licensed certified public accounting firm | ||||||
22 | to perform an annual ".
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