(205 ILCS 715/5)
Sec. 5. Definitions. As used in this Act, the following terms shall have
the following meanings:
"Corporate fiduciary" has the meaning ascribed to that term in the
Corporate Fiduciary Act.
"Financial institution" means a bank, savings bank, or credit union chartered under the laws of Illinois or of the United States or a subsidiary thereof, or a corporate
fiduciary that has its main office in Illinois and includes foreign
banking corporations that receive certificates of authority from the Department of Financial and Professional Regulation under the Foreign Banking Office Act.
"Independent data processing servicer" means an entity that provides
electronic data processing services to a
financial institution, but does not include an entity to the extent the entity
processes interchange transactions, as defined in the Electronic Fund Transfer
Act.
"Interface agreement" means a written agreement specifying the terms and
conditions under which an interface
of communications, data, or systems between independent data processing
servicers shall be accomplished.
"Main office" means the location designated as the main office or
principal place of business in the charter,
articles of incorporation, or certificate of authority of the depository
institution or corporate fiduciary.
(Source: P.A. 100-170, eff. 8-18-17.)
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