SB2233 103RD GENERAL ASSEMBLY

LRB103 29469 HLH 55863 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2233

Introduced 2/10/2023, by Sen. Laura Ellman

SYNOPSIS AS INTRODUCED:

205 ILCS 610/3

from Ch. 17, par. 1003

Amends the Banking Emergencies Act. Makes a technical change in a Section relating to notice to the Commissioner and the public.

A BILL FOR

AN ACT concerning regulation.

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

Section 5. The Banking Emergencies Act is amended by changing Section 3 as follows:

(205 ILCS 610/3) (from Ch. 17, par. 1003)

Sec. 3. Notice to Commissioner and the public. A bank closing an office or offices under Section 2 of this Act shall give as prompt notice of its action as conditions will permit and and by any means available, to the Commissioner, or in the case of a national bank, to the Comptroller of the Currency. In addition the bank shall post notice of the temporary closing and the authorization for the closing on the main entrance doors of the office or offices affected.

(Source: P.A. 102-553, eff. 1-1-22.)