90th General Assembly Summary of HB1655    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
BUGIELSKI-WOOD.

Senate Sponsors:
O'MALLEY-REA-VIVERITO

Short description: 
BNK RELY ON COMMISSIONER RULE                                              

Synopsis of Bill as introduced:
        Amends the Illinois Banking Act, the Corporate Fiduciary Act, the      
   Interest Act, and other financial industry regulatory Acts to  provide      
   that  there  shall  be  no  liability  for  acts  or omissions done in      
   reliance upon a rule of the Commissioner of  Banks  and  Real  Estate.      
   Effective immediately.                                                      
          FISCAL NOTE (Dpt. Financial Institutions)                            
          There would be no fiscal impact on the Department.                   
          STATE MANDATES FISCAL NOTE                                           
          In the opinion of DCCA, HB 1655 fails to create a State mandate      
          under the State Mandates Act.                                        
 
Last action on Bill: PUBLIC ACT.............................. 90-0161

   Last action date: 97-07-23

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


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