Section 1000.1030  Lending Limitations

a)         An association may make investments in capital stock of service corporations in an amount which shall not exceed five percent (5%) of the association's total assets.  An association that has met and maintained the regulatory capital level(s) required for a savings and loan association, the withdrawable capital of which is insured by the Federal Savings and Loan Insurance Corporation, may invest an additional fifty percent (50%) of the excess regulatory capital provided that in no event shall an association's maximum investment in service corporations exceed ten percent (10%) of its total assets.

b)         All loans to service corporations shall be subject to all lending limitations contained in the Illinois Savings and Loan Act of 1985 and this Part.

(Source:  Amended at 13 Ill. Reg. 8927, effective May 26, 1989)