Illinois General Assembly - Illinois Compiled Statutes

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205 ILCS 205/6014

(205 ILCS 205/6014) (from Ch. 17, par. 7306-14)

Sec. 6014.

Commissioner's regulations.

(a) The Commissioner shall promulgate rules and regulations
to determine permissible levels of investment and permissible
concentrations of assets for savings banks applicable to all lending
and investment authority granted by this Article 6.  The rules
and regulations shall give due regard to capital adequacy,
operating income, underwriting standards, risk inherent in the
investment or loan, and competitive parity with other financial
institutions.

(b) Violations of any of the provisions of this Article 6
shall constitute an unsafe and unsound practice and may subject the
savings bank, its directors, officers, or agents to enforcement
actions, civil money penalties, or other sanctions as provided in
this Act.

(Source: P.A. 86-1213.)