Illinois General Assembly - Full Text of SB3787
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Full Text of SB3787  102nd General Assembly

SB3787sam001 102ND GENERAL ASSEMBLY

Sen. John Connor

Filed: 2/18/2022

 

 


 

 


 
10200SB3787sam001LRB102 21295 BMS 36603 a

1
AMENDMENT TO SENATE BILL 3787

2    AMENDMENT NO. ______. Amend Senate Bill 3787 by replacing
3line 25 on page 11 through line 23 on page 12 with the
4following:
5    "(5) The Secretary may accept an examination from the
6National Credit Union Administration or a private insurer of
7share deposits approved by the Secretary instead of an
8examination conducted by the Department or by a public
9accountant registered by the Department pursuant to subsection
10(3). Acceptance of an examination from the National Credit
11Union Administration or an approved private insurer of share
12deposits shall only be permitted on an alternating basis with
13examinations that the Department or a registered public
14accountant conducts.".