Illinois General Assembly - Bill Status for SB3036

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.

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