![]() |
TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: OFFICE OF BANKS AND REAL ESTATE PART 330 LENDING LIMITS SECTION 330.10 DEFINITIONS
Section 330.10 Definitions
"Act" means the Illinois Banking Act [205 ILCS 5]
"loan or extension of credit" means any direct or indirect advance of funds which results in a liability of any person for money borrowed or otherwise. An indirect advance of funds shall include, but not be limited to, a purchase by a bank of a note or obligation from another person.
"person" shall have the meaning ascribed to it in Section 2 of the Illinois Banking Act [205 ILCS 5/2]. |