Illinois General Assembly - Bill Status for HB5260
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 Bill Status of HB5260  97th General Assembly

Short Description:  SAVINGS & LOAN ACT 1985-REPEAL

House Sponsors
Rep. Linda Chapa LaVia

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
5 ILCS 140/7.5
20 ILCS 3205/2.5
30 ILCS 105/5.214from Ch. 127, par. 141.214
30 ILCS 105/8.12from Ch. 127, par. 144.12
205 ILCS 5/32from Ch. 17, par. 339
205 ILCS 5/48
205 ILCS 5/48.05
205 ILCS 5/48.3from Ch. 17, par. 360.2
205 ILCS 105/Act rep.
205 ILCS 205/1007.130
205 ILCS 205/2007from Ch. 17, par. 7302-7
205 ILCS 205/3003from Ch. 17, par. 7303-3
205 ILCS 205/4008from Ch. 17, par. 7304-8
205 ILCS 205/4010from Ch. 17, par. 7304-10
205 ILCS 205/4013from Ch. 17, par. 7304-13
205 ILCS 205/6002from Ch. 17, par. 7306-2
205 ILCS 205/6013from Ch. 17, par. 7306-13
205 ILCS 205/6014from Ch. 17, par. 7306-14
205 ILCS 205/9002from Ch. 17, par. 7309-2
205 ILCS 205/9002.1 new
205 ILCS 205/9002.5
205 ILCS 205/9012from Ch. 17, par. 7309-12
205 ILCS 205/Art. 12.1 heading new
205 ILCS 205/12101 new
205 ILCS 205/12102 new
205 ILCS 205/12103 new
205 ILCS 205/12104 new
205 ILCS 205/12105 new
205 ILCS 205/12106 new
205 ILCS 205/12107 new
205 ILCS 205/12108 new
205 ILCS 205/12109 new
205 ILCS 205/Art. 12.2 heading new
205 ILCS 205/12201 new
205 ILCS 205/12202 new
205 ILCS 205/12203 new
205 ILCS 205/1007.70 rep.
205 ILCS 205/9017 rep.
205 ILCS 510/0.05
205 ILCS 510/7from Ch. 17, par. 4657
205 ILCS 620/5-10.5
205 ILCS 620/6-5from Ch. 17, par. 1556-5
205 ILCS 635/4-1from Ch. 17, par. 2324-1
205 ILCS 635/4-1.5 new
205 ILCS 650/2from Ch. 17, par. 2852
205 ILCS 650/9 new


Synopsis As Introduced
Repeals the Illinois Savings and Loan Act of 1985. Amends the Savings Bank Act. Provides that any institution organized under the Illinois Savings and Loan Act of 1985 shall be deemed a savings bank under the Illinois Savings Bank Act. Creates a new Article concerning the effect of the repeal of the Illinois Savings and Loan Act of 1985. Makes changes in provisions concerning out-of-state savings banks; reorganization to become a holding company; contents of articles of incorporation; directors; conduct of directors and officers; access to books and records; communication with members and shareholders; investment in loans; loans to one borrower; Secretary's regulations; powers of the Secretary; regulatory fees; and disclosure of reports of examinations and confidential supervisory information. Repeals provisions concerning the impairment of capital. Amends the Illinois Banking Act. Provides a definition for "money borrowed" in a provision concerning basic loaning limits. Provides that the Secretary when appointed as a receiver or any person appointed as a receiver shall have all the powers, rights, and privileges as the Federal Deposit Insurance Corporation. Also makes changes in the Freedom of Information Act, the Division of Banking Act, the State Finance Act, the Pawnbroker Regulation Act, the Corporate Fiduciary Act, the Residential Mortgage License Act of 1987, and the Foreign Bank Representative Office Act.

Actions 
DateChamber Action
  2/8/2012HouseFiled with the Clerk by Rep. Linda Chapa LaVia
  2/8/2012HouseFirst Reading
  2/8/2012HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

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