TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1075 SAVINGS BANK ACT
SECTION 1075.915 CONFERENCE ADJUDICATIVE HEARING


 

Section 1075.915  Conference Adjudicative Hearing

 

Applicability – a conference adjudicative hearing may be used if the matter is entirely within one of the following categories:

 

a)         a matter in which there is no disputed issue of material fact; or

 

b)         a matter in which there is a disputed issue of material fact, if that matter involves only:

 

1)         a monetary amount of not more than $25,000;

 

2)         suspension of an organization director, officer, employee or affiliated person of a savings bank;

 

3)         imposition of a limitation on operations;

 

4)         noncompliance with the examination requirements of the Act and this Part; and

 

5)         violation of an Order of the Director made pursuant to Section 1075.910 of this Part or Section 9009 of the Act.

 

(Source:  Amended at 30 Ill. Reg. 19068, effective December 1, 2006)