Section 1075.905  Definitions

Words or terms that are defined in the Act shall retain the same meaning when used in this Part.

            "Act" – Savings Bank Act [205 ILCS 205].     

            "Applicant" – Savings bank or holding company or person whose application pending before the Director is the subject matter of the hearing.

            "Association" – Every savings bank organized under and governed pursuant to the Illinois Savings Bank Act; a State chartered savings bank.

            "Department" – The Illinois Department of Financial and Professional Regulation.

            "Director" – Director of the Division.

            "Division" – The Department of Financial and Professional Regulation-Division of Banking.

            "Hearing Officer" – The presiding officials designated by the Director to conduct a hearing or anyone designated by the Director to hear evidence; means any member of the panel the Director appoints to conduct the hearing.

            "Holding Company" – Any company as defined in Article 2 of the Act.

            "Notice" – Notice prescribed by the Act or this Part, as applicable.

            "Objector" – Entity or person who is on record as objecting to the application pending before the Director that is the subject matter of the hearing.

            "Party" – Entity or person named in pleading or affected by judgment.

(Source:  Amended at 30 Ill. Reg. 19068, effective December 1, 2006)