98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB2254

 

Introduced 2/15/2013, by Sen. James F. Clayborne, Jr.

 

SYNOPSIS AS INTRODUCED:
 
205 ILCS 616/20

    Amends the Electronic Fund Transfer Act. Makes a technical change in a Section concerning the powers of the Commissioner of Banks and Real Estate.


LRB098 10599 MGM 40862 b

 

 

A BILL FOR

 

SB2254LRB098 10599 MGM 40862 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Electronic Fund Transfer Act is amended by
5changing Section 20 as follows:
 
6    (205 ILCS 616/20)
7    Sec. 20. Powers and duties of Commissioner. The The
8Commissioner shall have the following powers and duties:
9    (1) to promulgate reasonable rules in accordance with the
10Illinois Administrative Procedure Act for the administration
11of this Act;
12    (2) to issue orders for the enforcement of this Act and any
13rule promulgated under this Act;
14    (3) to appoint hearing officers to exercise any delegated
15powers;
16    (4) to subpoena witnesses, compel their attendance,
17administer oaths, examine any person under oath, and require
18the production of any relevant books, papers, accounts, and
19documents in the course of and pursuant to any investigation
20conducted or action taken by the Commissioner; and
21    (5) to conduct hearings.
22(Source: P.A. 92-811, eff. 8-21-02.)