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, and there shall also be an alternate member from a savings bank to attend meetings if and only if the sitting member from a savings bank is unable to attend the meeting. Changes the requirements for the 2 public members. 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.

Sponsorship: Partisan Bill (Republican 2)

Status: (Passed) 2018-08-10 - Public Act . . . . . . . . . 100-0783 [SB0748 Detail]

Text: Latest bill text (Chaptered) [HTML]

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