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09500HB2361ham001 |
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LRB095 00930 RCE 47891 a |
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| historical ratings that the
financial institution has |
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| received, to the extent that those ratings are
publicly |
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| available, under the federal Community Reinvestment Act of |
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| 1977;
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| (1) (2) any changes in ownership, management, |
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| policies, or practices of the
financial
institution that |
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| may affect the level of the financial institution's |
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| commitment
to its community;
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| (2) (3) the financial impact that the withdrawal or |
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| denial of
deposits of State funds might have on the |
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| financial institution; and
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| (3) (4) the
financial impact to the State as a result |
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| of withdrawing State
funds or refusing to deposit |
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| additional State funds in the
financial institution.
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| To qualify under this Section, a financial institution |
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| subject to the federal Community
Reinvestment Act of
1977 must |
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| (i) have an overall outstanding CRA rating on its most recent |
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| performance evaluation, (ii) certify that it does not make |
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| refund anticipation loans, and (iii) certify that it does not |
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| fund payday lenders. |
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| (b) Nothing in this Section shall be construed as |
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| authorizing the State
Treasurer to conduct an examination or |
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| investigation of a financial institution
or to receive |
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| information that is not publicly available and the disclosure |
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| of
which is otherwise prohibited by law.
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| (Source: P.A. 93-251, eff. 7-1-04 .)".
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