093_HB1961

 
                                     LRB093 09092 MBS 09324 b

 1        AN ACT in relation to business transactions.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The  Interest  Act  is  amended  by  changing
 5    Section 4b as follows:

 6        (815 ILCS 205/4b) (from Ch. 17, par. 6411)
 7        Sec.  4b.  In  order  to  ensure  assure  compliance with
 8    applicable Federal law, any State agency having chartering or
 9    licensing powers or regulatory or supervisory authority  over
10    a  class  of  creditors  affected  by this Act may promulgate
11    rules and regulations to carry out the disclosure  and  other
12    requirements pertaining to the extension of credit under this
13    Act and the advertising of such extensions of credit.
14    (Source: P.A. 76-1775.)