Bill Title: Amends the Illinois Banking Act. Changes the number of additional members of the State Banking Board of Illinois from 11 to 12. Provides that one member of the Board shall be from a savings bank. Changes the requirements for the 2 public members. Removes the requirement that the Senate advise and consent to initial appointments and vacancies on the Board. Amends the Savings Bank Act. Repeals provisions relating to the Board of Savings Banks. Amends the Residential Mortgage License Act of 1987. Removes provisions relating to the Residential Mortgage Board. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-02-05 - Referred to Rules Committee [HB4657 Detail]

Text: Latest bill text (Introduced) [HTML]

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