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92nd General Assembly

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Public Act 92-0578

HB5822 Enrolled                                LRB9214924JSpc

    AN  ACT  in  relation  to   certain   financial   service
providers.

    Be  it  enacted  by  the People of the State of Illinois,
represented in the General Assembly:

    Section 5.  The Illinois Banking Act is amended by adding
Section 5f as follows:

    (205 ILCS 5/5f new)
    Sec. 5f.  Non-English language transactions.  A bank  may
conduct transactions in a language other than English through
an  employee  or  agent  acting  as interpreter or through an
interpreter provided by the customer.

    Section 10.  The Illinois Bank  Holding  Company  Act  of
1957 is amended by adding Section 3.10 as follows:

    (205 ILCS 10/3.10 new)
    Sec.  3.10.  Non-English  language  transactions.  A bank
holding company may conduct transactions in a language  other
than   English   through  an  employee  or  agent  acting  as
interpreter  or  through  an  interpreter  provided  by   the
customer.

    Section 15.  The Illinois Savings and Loan Act of 1985 is
amended by adding Section 1-6e as follows:

    (205 ILCS 105/1-6e new)
    Sec.   1-6e.  Non-English   language   transactions.   An
association may conduct transactions in a language other than
English through an employee or agent acting as interpreter or
through an interpreter provided by the customer.
    Section 20.  The Savings Bank Act is  amended  by  adding
Section 1008.05 as follows:

    (205 ILCS 205/1008.05 new)
    Sec.   1008.05.  Non-English  language  transactions.   A
savings bank may conduct transactions  in  a  language  other
than   English   through  an  employee  or  agent  acting  as
interpreter  or  through  an  interpreter  provided  by   the
customer.

    Section  25.  The Illinois Credit Union Act is amended by
adding Section 13a as follows:

    (205 ILCS 305/13a new)
    Sec. 13a.  Non-English language transactions.   A  credit
union  may  conduct  transactions  in  a  language other than
English through an employee or agent acting as interpreter or
through an interpreter provided by the customer.

    Section 30.  The Corporate Fiduciary Act  is  amended  by
adding Section 1-6a as follows:

    (205 ILCS 620/1-6a new)
    Sec.   1-6a.  Non-English   language   transactions.    A
corporate  fiduciary  may  conduct transactions in a language
other than English through an employee  or  agent  acting  as
interpreter   or  through  an  interpreter  provided  by  the
customer.

    Section 35.  The Foreign Banking Office Act is amended by
adding Section 3.5 as follows:

    (205 ILCS 645/3.5 new)
    Sec. 3.5.  Non-English language transactions.  A  foreign
banking  corporation  may  conduct transactions in a language
other than English through an employee  or  agent  acting  as
interpreter   or  through  an  interpreter  provided  by  the
customer.

    Section 40.  The Foreign Bank Representative  Office  Act
is amended by adding Section 7.5 as follows:

    (205 ILCS 650/7.5 new)
    Sec.  7.5.  Non-English language transactions.  A foreign
bank representative office  may  conduct  transactions  in  a
language  other  than  English  through  an employee or agent
acting as interpreter or through an interpreter  provided  by
the customer.

    Section 45.  The Consumer Installment Loan Act is amended
by adding Section 16c as follows:

    (205 ILCS 670/16c new)
    Sec. 16c.  Non-English language transactions.  A licensee
may  conduct  transactions  in  a language other than English
through an employee or agent acting as interpreter or through
an interpreter provided by the customer.

    Section 50.  The Illinois Insurance Code  is  amended  by
changing Section 155.32 as follows:

    (215 ILCS 5/155.32)
    Sec.  155.32.  Policy  explanations;  language other than
English.
    (a)  A company, as defined in Section 132.2 of this Code,
may conduct transactions in a  language  other  than  English
through an employee or agent acting as interpreter or through
an interpreter provided by the customer.
    (b)  An  insurance  carrier licensed to provide insurance
as defined in subsections (a) and (b) of  Section  143.13  of
this  Code  may  provide  insurance  policies,  endorsements,
riders,  and  any  explanatory  or  advertising material in a
language other than English.  In the event of  a  dispute  or
complaint  regarding  the  insurance or advertising material,
the English language version of the insurance coverage  shall
control the resolution of the dispute or complaint.
(Source: P.A. 90-401, eff. 1-1-98.)

    Section 55.  The Title Insurance Act is amended by adding
Section 24.5 as follows:

    (215 ILCS 155/24.5 new)
    Sec.  24.5.  Non-English  language transactions.  A title
insurance company,  title  insurance  agent,  or  independent
escrowee  may  conduct  transactions in a language other than
English through an employee or agent acting as interpreter or
through an interpreter provided by the customer.

    Section 60.  The  Illinois  Securities  Law  of  1953  is
amended by adding Section 8c as follows:

    (815 ILCS 5/8c new)
    Sec.  8c.  Non-English  language  transactions.  A person
subject to registration under  Section  8  of  this  Act  may
conduct transactions in a language other than English through
an  employee  or  agent  acting  as interpreter or through an
interpreter provided by the customer.

    Section 99.  Effective date.  This Act takes effect  upon
becoming law.
    Passed in the General Assembly May 07, 2002.
    Approved June 26, 2002.
    Effective June 26, 2002.

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