Section 1000.1010  Requirements

a)         No association shall invest in or lend to a service corporation as defined at Section 1-10.21 of the Illinois Savings and Loan Act of 1985 unless said service corporation has been approved by the Director.

b)         This Subpart shall not apply to investments in single-purpose corporations authorized under provisions of Sections 1-6(j) and 5-9 of the Illinois Savings and Loan Act of 1985.

(Source:  Amended at 30 Ill. Reg. 18990, effective December 1, 2006)