97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
Introduced 2/24/2011, by Rep. Carol A. Sente - Daniel Biss - Karen May
SYNOPSIS AS INTRODUCED:
Amends the Illinois Banking Act. Provides that a banking house,
branch, branch bank, or branch office shall report to the Secretary the
number of loans made to small businesses. Effective immediately.
A BILL FOR
|HB3469||LRB097 10841 CEL 51331 b|
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Banking Act is amended by adding
Section 48.8 as follows:
(205 ILCS 5/48.8 new)
(a) Beginning on January 1, 2012, a banking house, branch,
branch bank, or branch office shall report to the Secretary the
number of loans made to small businesses as defined in the
Small Business Advisory Act.
(b) The Department of Financial and Professional
Regulation shall adopt rules to implement this Section.
This Act takes effect upon