Bill Title: Amends the Illinois Banking Act. Provides that the Secretary of Financial and Professional Regulation may assess reasonable receivership fees against any State bank that does not maintain insurance with the Federal Deposit Insurance Corporation. Provides that members of the State Banking Board of Illinois cease to be eligible to serve on the Board once they no longer meet the requirements of their original appointment; however a member from a State Bank shall not be disqualified solely due to a change in the bank's asset size. Amends the Savings Bank Act. Provides that savings banks and service corporations shall pay specified fees in quarterly installments. Removes a provision concerning a fee that is levied as an adjustment to the supervisory fee. Provides that the Secretary may assess reasonable receivership fees against any savings bank operating under the Act that does not maintain insurance with the Federal Deposit Insurance Corporation. Provides that if the funds in the estate of the savings bank are insufficient to cover the expenses that arise from the administration of a receivership, the Secretary may pay such expenses from the Non-insured Institutions Receivership account. Provides that members of the Board of Savings Banks cease to be eligible to serve on the Board once they no longer meet the requirements of their original appointment.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2015-07-14 - Public Act . . . . . . . . . 99-0039 [HB3543 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2015-07-14	HTML/Text	Link	View
Enrolled	2015-05-20	HTML/Text	Link	View
Engrossed	2015-04-14	HTML/Text	Link	View
Introduced	2015-02-26	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3543

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3543 currently on file.

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