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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0663
Introduced 2/6/2009, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
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Amends the Electronic Fund Transfer Act. Makes a technical change in a Section
concerning the powers of the Commissioner of Banks and Real Estate.
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A BILL FOR
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SB0663 |
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LRB096 06728 MJR 16812 b |
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| AN ACT concerning regulation.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Electronic Fund Transfer Act is amended by |
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| changing Section 20 as follows:
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| (205 ILCS 616/20)
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| Sec. 20. Powers and duties of Commissioner. The
The |
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| Commissioner shall have
the following powers and duties: |
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| (1) to promulgate reasonable rules in accordance with the
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| Illinois Administrative Procedure Act for the
administration |
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| of this Act;
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| (2) to issue orders for the enforcement of this Act and any |
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| rule promulgated
under this Act;
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| (3) to appoint hearing officers to exercise any delegated
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| powers;
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| (4) to subpoena witnesses, compel their attendance, |
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| administer oaths,
examine any person under oath, and require |
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| the production of any relevant
books,
papers, accounts, and |
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| documents in the course of and pursuant to any
investigation |
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| conducted or action taken by the Commissioner; and
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| (5) to conduct hearings.
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| (Source: P.A. 92-811, eff. 8-21-02.)
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