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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB2254 Introduced 2/15/2013, by Sen. James F. Clayborne, Jr. SYNOPSIS AS INTRODUCED:
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Amends the Electronic Fund Transfer Act. Makes a technical change in a Section
concerning the powers of the Commissioner of Banks and Real Estate.
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| | A BILL FOR |
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| | SB2254 | | LRB098 10599 MGM 40862 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Electronic Fund Transfer Act is amended by |
| 5 | | changing Section 20 as follows:
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| 6 | | (205 ILCS 616/20)
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| 7 | | Sec. 20. Powers and duties of Commissioner. The
The |
| 8 | | Commissioner shall have
the following powers and duties: |
| 9 | | (1) to promulgate reasonable rules in accordance with the
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| 10 | | Illinois Administrative Procedure Act for the
administration |
| 11 | | of this Act;
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| 12 | | (2) to issue orders for the enforcement of this Act and any |
| 13 | | rule promulgated
under this Act;
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| 14 | | (3) to appoint hearing officers to exercise any delegated
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| 15 | | powers;
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| 16 | | (4) to subpoena witnesses, compel their attendance, |
| 17 | | administer oaths,
examine any person under oath, and require |
| 18 | | the production of any relevant
books,
papers, accounts, and |
| 19 | | documents in the course of and pursuant to any
investigation |
| 20 | | conducted or action taken by the Commissioner; and
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| 21 | | (5) to conduct hearings.
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| 22 | | (Source: P.A. 92-811, eff. 8-21-02.)
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