92nd General Assembly
Summary of HB4952
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Short description: 
BNK LENDING LIMITS                                                         

Synopsis of Bill as introduced:
        Amends the Illinois Banking Act in relation  to  lending  limits.      
   Provides  that  the  total liability to a state bank of a person as an      
   accommodation party may not exceed 25% of the amount of the unimpaired      
   capital and unimpaired surplus of  the  bank.   Establishes  the  same      
   limit  with  respect to the amount of unamortized investment of a bank      
   in property leased to a person. Effective immediately.                      
Last action on Bill: PUBLIC ACT.............................. 92-0573

   Last action date: JUN-26-2002

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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