FIN REG-MISLEADING PRACTICES Senate SponsorsSen. Kimberly A. Lightford 1/11/2005SenateSession Sine Die 20 ILCS 3205/5from Ch. 17, par. 455205 ILCS 5/2from Ch. 17, par. 302205 ILCS 5/5from Ch. 17, par. 311205 ILCS 5/10from Ch. 17, par. 317205 ILCS 5/13.5205 ILCS 5/16.8 new205 ILCS 5/18from Ch. 17, par. 325205 ILCS 5/21.2205 ILCS 5/46from Ch. 17, par. 357205 ILCS 5/48from Ch. 17, par. 359205 ILCS 5/49from Ch. 17, par. 361205 ILCS 5/71from Ch. 17, par. 383205 ILCS 10/3.02from Ch. 17, par. 2505205 ILCS 510/0.05205 ILCS 510/1.8 new205 ILCS 510/5from Ch. 17, par. 4655205 ILCS 510/9.5 new205 ILCS 620/5-1from Ch. 17, par. 1555-1205 ILCS 620/5-9from Ch. 17, par. 1555-9205 ILCS 5/9.5 rep.Amends the Office of Banks and Real Estate Act, the Illinois Banking Act, the Illinois Bank Holding Company Act of 1957, the Pawnbroker Regulation Act, and the Corporate Fiduciary Act. Expands the power of the Commissioner of Banks and Real Estate to deter certain practices of financial institutions, make available to the public any formal enforcement action as defined, and impose other disciplinary actions. Redefines the general corporate powers of banks organized under this Act or subject to this Act to own, possess, and carry as assets stock of one or more corporations. Creates provisions concerning approval of directors and senior executive officers. Provides that no pawnshop shall employ an individual who has been convicted of certain crimes, as defined, without the prior written approval of the Commissioner of Banks and Real Estate. Creates provisions concerning the operation of pawnshops after license revocation, suspension, or denial. Increases certain penalties and fines. Makes other changes. Effective immediately. 2/6/2004SenateFiled with Secretary by Sen. Kimberly A. Lightford 2/6/2004SenateFirst Reading 2/6/2004SenateReferred to Rules 1/11/2005SenateSession Sine Die