Chapter 205 — FINANCIAL REGULATION

(205 ILCS 685/7) (from Ch. 17, par. 7357) Sec. 7. (a) No person shall for the purpose of evading the recording or reporting requirements of Sections 4 and 5 of this Act: (1) Cause or attempt to cause a financial institution to fail to file a report or make a record required under…

(205 ILCS 685/8) (from Ch. 17, par. 7358) Sec. 8. When the Director believes a person has violated, is violating, or will violate this Act or a rule or regulation prescribed under this Act, the Director may request the Attorney General to bring a civil action in circuit court to …

(205 ILCS 685/9) (from Ch. 17, par. 7359) Sec. 9. (a) A financial institution, and a partner, director, officer or employee of a financial institution, willfully violating Section 4 or Section 5 of this Act or a rule or regulation prescribed thereunder is liable to the State of I…

(205 ILCS 695/1) Sec. 1. Short title. This Act may be cited as the Automated Teller Machine Security Act. (Source: P.A. 89-542, eff. 7-19-96.)

(205 ILCS 695/10) Sec. 10. Date of compliance; provision of adequate lighting. (a) An operator of an automated teller machine installed on or after July 1, 1997 shall comply with the provisions of subsection (c) of this Section commencing on the date the automated teller machine …

(205 ILCS 695/15) Sec. 15. Notices to customers of basic safety precautions. The issuer of an access device shall furnish a customer receiving the device with a notice of basic safety precautions that the customer should employ while using an automated teller machine. This inform…

(205 ILCS 695/20) Sec. 20. Procedures for evaluating safety of automated teller machines. On or before July 1, 1998, with respect to all existing installed automated teller machines in the State of Illinois and any automated teller machines installed in the State of Illinois afte…

(205 ILCS 695/25) Sec. 25. Terminals to which Act not applicable. This Act does not apply to any automated teller machine that: (1) is located inside a building, unless it is a freestanding installation that exists for the sole purpose of providing an enclosure for the automated …

(205 ILCS 695/30) Sec. 30. Inapplicability to persons or entities that are not financial institutions or operators. The provisions of this Act shall not be construed to create any duty, responsibility, or obligation for any network or switch as defined under the Electronic Fund T…

(205 ILCS 695/35) Sec. 35. Standard of care. The intent of the General Assembly of the State of Illinois in enacting this Act is to enhance the safety of consumers using automated teller machines in the State of Illinois without discouraging the placement of automated teller mach…

(205 ILCS 695/40) Sec. 40. Home rule. The regulation of customer safety at automated teller machines located in the State of Illinois and the regulation and licensing of operators of automated teller machines, issuers of access devices, and persons who control an access area or d…

(205 ILCS 695/5) Sec. 5. Definitions. As used in this Act, the term: "Access area" means any paved walkway or sidewalk that is within 50 feet of any automated teller machine. The term does not include any street or highway open to the use of the public or any adjacent sidewalk. "…

(205 ILCS 695/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 89-542, eff. 7-19-96.)

(205 ILCS 700/1) Sec. 1. Short title. This Act may be cited as the Adverse Claims to Deposit Accounts Act. (Source: P.A. 89-601, eff. 8-2-96.)

(205 ILCS 700/10) Sec. 10. Application of Act. This Act shall not preempt: (1) the Revised Uniform Unclaimed Property Act, nor shall any provision of this Act be construed to relieve any holder, including a financial institution, from reporting and remitting all unclaimed propert…

(205 ILCS 700/15) Sec. 15. Recognition of claims. In the absence of a court order or indemnity bond as required by this Act, a financial institution shall not be required to recognize any claim to, or any claim of authority to, exercise control over a deposit account held by the …

(205 ILCS 700/20) Sec. 20. Requirement of court order or indemnity bond. (a) A financial institution shall recognize an adverse claim to, or an adverse claim of authority to control, a deposit account if the person making the claim obtains and serves upon the financial institutio…

(205 ILCS 700/25) Sec. 25. Other rights. This Act shall not displace or otherwise preclude any other rights or remedies, whether at law or in equity, available to a financial institution. (Source: P.A. 89-601, eff. 8-2-96.)

(205 ILCS 700/5) Sec. 5. Definitions. As used in this Act, the following words have the meaning ascribed to them in this Section. "Financial institution" means a "State bank", "national bank", "trust company", or "insured savings association", as those terms are defined in Sectio…

(205 ILCS 700/85) Sec. 85. (Amendatory provisions; text omitted). (Source: P.A. 89-601, eff. 8-2-96; text omitted.)

(205 ILCS 700/90) Sec. 90. (Amendatory provisions; text omitted). (Source: P.A. 89-601, eff. 8-2-96; text omitted.)

(205 ILCS 700/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 89-601, eff. 8-2-96.)

(205 ILCS 705/1) Sec. 1. Short title. This Act may be cited as the Financial Institutions Electronic Documents and Digital Signature Act. (Source: P.A. 94-458, eff. 8-4-05.)

(205 ILCS 705/10) Sec. 10. Electronic documents; digital signatures; electronic notices. (a) Electronic documents. If in the regular course of business, a financial institution possesses, records, or generates any document, representation, image, substitute check, reproduction, o…

(205 ILCS 705/15) Sec. 15. Civil remedy. A cause of action, including attorneys fees and costs, shall lie in favor of any person for the unauthorized use of his or her digital signature. (Source: P.A. 90-575, eff. 3-20-98.)

(205 ILCS 705/5) Sec. 5. Definitions. As used in this Act: "Digital signature" means an encrypted electronic identifier, created by computer, intended by the party using it to have the same force and effect as the use of a manual signature. "Financial institution" means a bank, a…

(205 ILCS 705/80) Sec. 80. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 705/82) Sec. 82. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 705/84) Sec. 84. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 705/86) Sec. 86. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 705/88) Sec. 88. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 705/90) Sec. 90. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 705/92) Sec. 92. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 705/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 90-575, eff. 3-20-98.)

(205 ILCS 710/1) Sec. 1. Short title. This Act may be cited as the Banking on Illinois Act. (Source: P.A. 91-330, eff. 7-29-99.)

(205 ILCS 710/10) Sec. 10. Purpose. The purpose of this Act is to encourage and provide a favorable environment in Illinois for the chartering and operating of banks that locate and maintain main banking offices in this State. (Source: P.A. 91-330, eff. 7-29-99.)

(205 ILCS 710/15) Sec. 15. Application of Illinois law. (a) To further the purpose and policies of this Act, the provisions of the following Acts shall be liberally construed: (1) the Illinois Banking Act; and (2) the Foreign Banking Office Act. (b) Subsection (a) of this Section…

(205 ILCS 710/5) Sec. 5. Findings and declarations of policy. The General Assembly hereby finds and declares: (1) that the economic strength and general welfare of Illinois depends on a strong, profitable, and competitive banking industry in this State that preserves and creates …

(205 ILCS 710/95) Sec. 95. (Amendatory provisions; text omitted.) (Source: P.A. 91-330, eff. 7-29-99; text omitted.)

(205 ILCS 710/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 91-330, eff. 7-29-99.)

(205 ILCS 715/1) Sec. 1. Short title. This Act may be cited as the Data Processing Services for Financial Institutions Act. (Source: P.A. 91-742, eff. 6-2-00.)

(205 ILCS 715/10) Sec. 10. Interface between independent data processing servicers. (a) Whenever a financial institution contracts with an independent data processing servicer for any product or service that requires an interface of communications, data, or systems with a second …

(205 ILCS 715/15) Sec. 15. Arbitration of disputes. In the case of a dispute between the independent data processing servicers regarding any terms or conditions of an interface agreement, or in the event that a dispute regarding proposed terms and conditions results in the failur…

(205 ILCS 715/17) Sec. 17. Ownership of financial institution data. If a financial institution transfers or otherwise makes available to an independent data processing servicer any data from the financial institution's records, such data shall at all times remain the property of …

(205 ILCS 715/5) Sec. 5. Definitions. As used in this Act, the following terms shall have the following meanings: "Corporate fiduciary" has the meaning ascribed to that term in the Corporate Fiduciary Act. "Financial institution" means a bank, savings bank, or credit union charte…

(205 ILCS 715/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 91-742, eff. 6-2-00.)

(205 ILCS 725/1) Sec. 1. Short title. This Act may be cited as the Blockchain Business Development Act. (Source: P.A. 101-259, eff. 6-1-20.)

(205 ILCS 725/10) Sec. 10. (Repealed). (Source: P.A. 101-259, eff. 6-1-20. Repealed internally, eff. 1-1-22.)

(205 ILCS 725/15) Sec. 15. Blockchain and financial technology promotion. The Department of Commerce and Economic Opportunity shall incorporate into one or more of its economic development marketing and business support programs, events, and activities the following topics: (1) o…

(205 ILCS 725/5) Sec. 5. Definitions. As used in this Act: "Blockchain" means an electronic record created by the use of a decentralized method by multiple parties to verify and store a digital record of transactions which is secured by the use of a cryptographic hash of previous…