(205 ILCS 105/5-15)
(from Ch. 17, par. 3305-15)
(a) The Commissioner may from time to time promulgate such rules and
regulations with respect to investments, loans or lending plans as may be
reasonably necessary to assure that such loans are in keeping with sound
lending practice and will promote the purposes of this Act.
(b) Violations of any of the provisions of this Article 5, "Investments",
shall constitute unsafe and unsound practice and shall subject any officer,
director or employee of an association who knowingly violates provisions of
this Article 5 to removal as provided in Section 3-6(e) of this Act.
(Source: P.A. 84-543.)