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Public Act 92-0578
HB5822 Enrolled LRB9214924JSpc
AN ACT in relation to certain financial service
providers.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Banking Act is amended by adding
Section 5f as follows:
(205 ILCS 5/5f new)
Sec. 5f. Non-English language transactions. A bank may
conduct transactions in a language other than English through
an employee or agent acting as interpreter or through an
interpreter provided by the customer.
Section 10. The Illinois Bank Holding Company Act of
1957 is amended by adding Section 3.10 as follows:
(205 ILCS 10/3.10 new)
Sec. 3.10. Non-English language transactions. A bank
holding company may conduct transactions in a language other
than English through an employee or agent acting as
interpreter or through an interpreter provided by the
customer.
Section 15. The Illinois Savings and Loan Act of 1985 is
amended by adding Section 1-6e as follows:
(205 ILCS 105/1-6e new)
Sec. 1-6e. Non-English language transactions. An
association may conduct transactions in a language other than
English through an employee or agent acting as interpreter or
through an interpreter provided by the customer.
Section 20. The Savings Bank Act is amended by adding
Section 1008.05 as follows:
(205 ILCS 205/1008.05 new)
Sec. 1008.05. Non-English language transactions. A
savings bank may conduct transactions in a language other
than English through an employee or agent acting as
interpreter or through an interpreter provided by the
customer.
Section 25. The Illinois Credit Union Act is amended by
adding Section 13a as follows:
(205 ILCS 305/13a new)
Sec. 13a. Non-English language transactions. A credit
union may conduct transactions in a language other than
English through an employee or agent acting as interpreter or
through an interpreter provided by the customer.
Section 30. The Corporate Fiduciary Act is amended by
adding Section 1-6a as follows:
(205 ILCS 620/1-6a new)
Sec. 1-6a. Non-English language transactions. A
corporate fiduciary may conduct transactions in a language
other than English through an employee or agent acting as
interpreter or through an interpreter provided by the
customer.
Section 35. The Foreign Banking Office Act is amended by
adding Section 3.5 as follows:
(205 ILCS 645/3.5 new)
Sec. 3.5. Non-English language transactions. A foreign
banking corporation may conduct transactions in a language
other than English through an employee or agent acting as
interpreter or through an interpreter provided by the
customer.
Section 40. The Foreign Bank Representative Office Act
is amended by adding Section 7.5 as follows:
(205 ILCS 650/7.5 new)
Sec. 7.5. Non-English language transactions. A foreign
bank representative office may conduct transactions in a
language other than English through an employee or agent
acting as interpreter or through an interpreter provided by
the customer.
Section 45. The Consumer Installment Loan Act is amended
by adding Section 16c as follows:
(205 ILCS 670/16c new)
Sec. 16c. Non-English language transactions. A licensee
may conduct transactions in a language other than English
through an employee or agent acting as interpreter or through
an interpreter provided by the customer.
Section 50. The Illinois Insurance Code is amended by
changing Section 155.32 as follows:
(215 ILCS 5/155.32)
Sec. 155.32. Policy explanations; language other than
English.
(a) A company, as defined in Section 132.2 of this Code,
may conduct transactions in a language other than English
through an employee or agent acting as interpreter or through
an interpreter provided by the customer.
(b) An insurance carrier licensed to provide insurance
as defined in subsections (a) and (b) of Section 143.13 of
this Code may provide insurance policies, endorsements,
riders, and any explanatory or advertising material in a
language other than English. In the event of a dispute or
complaint regarding the insurance or advertising material,
the English language version of the insurance coverage shall
control the resolution of the dispute or complaint.
(Source: P.A. 90-401, eff. 1-1-98.)
Section 55. The Title Insurance Act is amended by adding
Section 24.5 as follows:
(215 ILCS 155/24.5 new)
Sec. 24.5. Non-English language transactions. A title
insurance company, title insurance agent, or independent
escrowee may conduct transactions in a language other than
English through an employee or agent acting as interpreter or
through an interpreter provided by the customer.
Section 60. The Illinois Securities Law of 1953 is
amended by adding Section 8c as follows:
(815 ILCS 5/8c new)
Sec. 8c. Non-English language transactions. A person
subject to registration under Section 8 of this Act may
conduct transactions in a language other than English through
an employee or agent acting as interpreter or through an
interpreter provided by the customer.
Section 99. Effective date. This Act takes effect upon
becoming law.
Passed in the General Assembly May 07, 2002.
Approved June 26, 2002.
Effective June 26, 2002.
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