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KEY:
- BCA means Business
Corporation Act
- BIA means Banking on
Illinois Act
- BSCA means Bank Service
Corporation Act
- CCIA means Credit Card
Issuance Act
- CDAA means Consumer
Deposit Account Act
- CFA means Corporate
Fiduciary Act
- CILA means Consumer
Installment Loan Act
- CPCNA means Check Printer
and Check Number Act
- EFTA means Electronic Fund
Transfer Act
- EFTTFA means Electronic
Fund Transfer Transmission Facility Act
- FBOA means Foreign Banking
Office Act
- FBROA means Foreign Bank
Representative Office Act
- IA means Interest Act
- IBA means Illinois Banking
Act
- IBHCA means Illinois Bank
Holding Company Act of 1957
- IFSDA means Illinois
Financial Services Development Act
- IIC means Illinois
Insurance Code
- IUIA means Illinois
Unemployment Insurance Act
- LLCA means Limited
Liability Company Act
- PA means Probate Act
- PRA means Pawnbroker
Regulation Act
- SBA means Savings Bank Act
- SFAA means Securities in
Fiduciary Accounts Act
- SLA means Savings and Loan
Act of 1985
- TIA means Title Insurance
Act
- TTA means Trust and
Trustees Act
- UCC means Uniform
Commercial Code
- ULPA means Uniform Limited
Partnership Act
* Interpretive Letter
superseded or made obsolete by statutory or regulatory changes
| Letter Number |
Date Issued |
Sections of Acts Construed |
Description |
| 10-01 |
4/5/2010 |
IBA
Section 5/48.1(a)(4)
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Banks may invite employees of affiliated banks to attend their quarterly trust committee meetings. |
| 10-02 |
6/15/2010 |
IBA
Sections 5/1, 4/(11), 5/5(12(c) |
A bank may exchange property obtained in satisfaction of debt previously contracted for an equity interest in an entity which would manage, market, and dispose of the property pursuant to 205 ILCS 5/5(11) because it encompasses a permissible activity for national banks |
| 10-03 |
7/1/2010 |
IBA
Section 5(17) and EFT Act Section 616/1 |
Branding agreements are permissible for state-chartered banks for the purpose of advertising on non-bank owned ATMs |
| 10-4 |
7/2/2010 |
Title V of the Housing and Economic Recovery Act of 2008, 12 USCA 5101, et seq |
Employees of Illinois chartered banks and thrifts are not subject to licensure under the S.A.F.E. Act, but they must register with the NMLS |
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