Bill Status of SB3036  93rd General Assembly

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Short Description:  FIN REG-MISLEADING PRACTICES

Senate Sponsors
Sen. Kimberly A. Lightford

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 3205/5

from Ch. 17, par. 455

205 ILCS 5/2

from Ch. 17, par. 302

205 ILCS 5/5

from Ch. 17, par. 311

205 ILCS 5/10

from Ch. 17, par. 317

205 ILCS 5/13.5

205 ILCS 5/16.8 new

205 ILCS 5/18

from Ch. 17, par. 325

205 ILCS 5/21.2

205 ILCS 5/46

from Ch. 17, par. 357

205 ILCS 5/48

from Ch. 17, par. 359

205 ILCS 5/49

from Ch. 17, par. 361

205 ILCS 5/71

from Ch. 17, par. 383

205 ILCS 10/3.02

from Ch. 17, par. 2505

205 ILCS 510/0.05

205 ILCS 510/1.8 new

205 ILCS 510/5

from Ch. 17, par. 4655

205 ILCS 510/9.5 new

205 ILCS 620/5-1

from Ch. 17, par. 1555-1

205 ILCS 620/5-9

from Ch. 17, par. 1555-9

205 ILCS 5/9.5 rep.

Synopsis As Introduced
Amends the Office of Banks and Real Estate Act, the Illinois Banking Act, the Illinois Bank Holding Company Act of 1957, the Pawnbroker Regulation Act, and the Corporate Fiduciary Act. Expands the power of the Commissioner of Banks and Real Estate to deter certain practices of financial institutions, make available to the public any formal enforcement action as defined, and impose other disciplinary actions. Redefines the general corporate powers of banks organized under this Act or subject to this Act to own, possess, and carry as assets stock of one or more corporations. Creates provisions concerning approval of directors and senior executive officers. Provides that no pawnshop shall employ an individual who has been convicted of certain crimes, as defined, without the prior written approval of the Commissioner of Banks and Real Estate. Creates provisions concerning the operation of pawnshops after license revocation, suspension, or denial. Increases certain penalties and fines. Makes other changes. Effective immediately.

Actions 

Date	Chamber	Action
2/6/2004	Senate	Filed with Secretary by Sen. Kimberly A. Lightford
2/6/2004	Senate	First Reading
2/6/2004	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die