Illinois General Assembly - Illinois Compiled Statutes

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205 ILCS 5/44.1

(205 ILCS 5/44.1) (from Ch. 17, par. 354.1)

Sec. 44.1.

Services at care facilities.

Subject to reasonable regulations
the Commissioner
may prescribe for the protection of depositors, a bank may take any
action necessary for the provision of banking services to persons
residing in any bona fide nursing home, senior citizens' retirement home, or
long term care facility and may conduct a banking business at the location
on a limited basis.  However, no location served by a bank on a limited basis
pursuant to this Section shall be deemed a branch for purposes of Section 5
of this Act.

(Source: P.A. 87-602; 88-4.)