Bill Text: IL HB1281 | 2017-2018 | 100th General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Banking Emergencies Act. Makes a technical change in a Section relating to notice to the Commissioner of Banks and Real Estate.
Spectrum: Bipartisan Bill
Status: (Passed) 2017-12-08 - Public Act . . . . . . . . . 100-0560 [HB1281 Detail]
Download: Illinois-2017-HB1281-Introduced.html
Bill Title: Amends the Banking Emergencies Act. Makes a technical change in a Section relating to notice to the Commissioner of Banks and Real Estate.
Spectrum: Bipartisan Bill
Status: (Passed) 2017-12-08 - Public Act . . . . . . . . . 100-0560 [HB1281 Detail]
Download: Illinois-2017-HB1281-Introduced.html
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1 | AN ACT concerning regulation.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Banking Emergencies Act is amended by | |||||||||||||||||||
5 | changing Section 3 as follows:
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6 | (205 ILCS 610/3) (from Ch. 17, par. 1003)
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7 | Sec. 3.
Notice
to Commissioner and
and the Public.
A bank | |||||||||||||||||||
8 | closing an office or offices pursuant to the authority granted
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9 | herein under this Act shall give as prompt notice of its action | |||||||||||||||||||
10 | as
conditions will permit and by any means available, to the | |||||||||||||||||||
11 | Commissioner, or
in the case of a national bank, to the | |||||||||||||||||||
12 | Comptroller of the Currency. In
addition the bank shall post | |||||||||||||||||||
13 | notice of the temporary closing and the
authorization for the | |||||||||||||||||||
14 | closing on the main entrance doors of the bank
affected. | |||||||||||||||||||
15 | (Source: P.A. 77-1782.)
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