Chapter 205, FINANCIAL REGULATION

(205 ILCS 731/20-45) Sec. 20-45. Additional investigation and examination authority. In addition to any authority allowed under this Act or other applicable law, the Secretary shall have the authority to conduct investigations and examinations as follows: (1) For purposes of init…

(205 ILCS 731/20-5) Sec. 20-5. Surety bond; capital and liquidity requirements. (a)(1)(A) A registrant shall maintain a surety bond or trust account in United States dollars in a form and amount as determined by the Department for the protection of residents that engage in digita…

(205 ILCS 731/20-50) Sec. 20-50. Enforcement actions. (a) As used in this Article, "enforcement action" means an action including, but not limited to, all of the following: (1) Suspending or revoking a registration under this Act. (2) Ordering a person to cease and desist from do…

(205 ILCS 731/20-55) Sec. 20-55. Violations. (a) The Department may take an enforcement action against a covered person or any person otherwise subject to this Act in any of the following instances: (1) The covered person or person violates this Act, a rule adopted or order issue…

(205 ILCS 731/20-60) Sec. 20-60. Hearings. (a) Except as provided in subsection (b), the Department may take an enforcement action only after notice and opportunity for a hearing as appropriate in the circumstances. All hearings provided for in this Act shall be conducted in acco…

(205 ILCS 731/20-65) Sec. 20-65. Hearing rules. (a) The Department may, in accordance with the Illinois Administrative Procedure Act, adopt rules to provide for review within the Department of the Secretary's decisions affecting the rights of persons or entities under this Act. T…

(205 ILCS 731/20-70) Sec. 20-70. Civil penalties. (a) If a person other than a registrant has engaged, is engaging, or is about to engage in digital asset business activity with or on behalf of a resident in violation of this Act, the Department may assess a civil penalty against…

(205 ILCS 731/20-75) Sec. 20-75. Subpoena power. (a) The Secretary shall have the power to issue and to serve subpoenas and subpoenas duces tecum to compel the attendance of witnesses and the production of all books, accounts, records, and other documents and materials relevant t…

(205 ILCS 731/20-80) Sec. 20-80. Civil actions. (a) The Department may bring a civil action in accordance with the following: (1) If a person violates any provision of this Act, a rule or final order, or condition imposed in writing by the Department, the Department through the A…

(205 ILCS 731/30-10) Sec. 30-10. Additional rulemaking authority. (a) In addition to such powers and rulemaking authority as may be prescribed elsewhere in this Act or other financial laws administered by the Department, the Department is hereby authorized and empowered to adopt …

(205 ILCS 731/30-5) Sec. 30-5. Confidential supervisory information. (a) Confidential supervisory information shall, unless made a matter of public record, not be subject to disclosure under the Freedom of Information Act, and shall only be subject to disclosure pursuant to subpo…

(205 ILCS 735/35-1) Sec. 35-1. Short title. This Article may be cited as the Illinois Community Reinvestment Act. References in this Article to "this Act" mean this Article. (Source: P.A. 101-657, eff. 3-23-21; 102-687, eff. 12-17-21.)

(205 ILCS 731/35-10) Sec. 35-10. Construction; severability. (a) The provisions of this Act shall be liberally construed to effectuate its purposes. (b) The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (c) To the extent that any provision of…

(205 ILCS 735/35-10) Sec. 35-10. Financial services needs of local communities; assessment factors. (a) Each covered financial institution shall have a continuing and affirmative obligation to meet the financial services needs of the communities in which its offices, branches, an…

(205 ILCS 735/35-100) Sec. 35-100. (Amendatory provisions; text omitted). (Source: P.A. 101-657, eff. 3-23-21; text omitted.)

(205 ILCS 735/35-105) Sec. 35-105. (Amendatory provisions; text omitted). (Source: P.A. 101-657, eff. 3-23-21; text omitted.)

(205 ILCS 731/35-15) Sec. 35-15. Transition period. (a) A covered person engaging in digital asset business activity without a registration under this Act shall not be considered in violation of Section 15-5 or 5-25 until July 1, 2027. (b) A covered person engaging in digital ass…

(205 ILCS 735/35-15) Sec. 35-15. Examinations. (a) The Secretary shall have the authority to examine each covered financial institution for compliance with this Act, in consultation with State and federal regulators with an appropriate regulatory interest, for and in compliance w…

(205 ILCS 735/35-20) Sec. 35-20. Public notice. Each covered financial institution shall provide, in the public lobby of each of its offices, if any, and on its website, a public notice that is substantially similar to the following: "STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTI…

(205 ILCS 735/35-25) Sec. 35-25. Cooperative agreements. (a) For the purposes of this Act, the Secretary may conduct any examinations under this Act with State, other state, and federal regulators, and may enter into cooperative agreements relative to the coordination of or joint…

(205 ILCS 735/35-30) Sec. 35-30. Corporate activities and renewal applications. In considering an application for the establishment of a branch, office, or other facility, the relocation of a main office, branch, office, or other facility, a license renewal, change in control of …

(205 ILCS 735/35-35) Sec. 35-35. Rules. In addition to such powers as may be prescribed by this Act, the Secretary is hereby authorized and empowered to adopt rules consistent with the purposes of this Act, including, but not limited to: (i) rules in connection with the lending, …

(205 ILCS 735/35-40) Sec. 35-40. Superiority of Act. To the extent this Act conflicts with any other State law, this Act is superior and supersedes those laws; provided that, nothing herein shall apply to any lender that is a bank, savings bank, savings and loan association, or c…

(205 ILCS 735/35-45) Sec. 35-45. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 101-657, eff. 3-23-21.)

(205 ILCS 735/35-5) Sec. 35-5. Definitions. As used in this Act: "Commission" means the Commission on Equity and Inclusion. "Covered financial institution" means a bank chartered under the Illinois Banking Act, a savings bank chartered under the Illinois Savings Bank Act, a credi…

(205 ILCS 731/35-5) Sec. 35-5. No evasion. (a) It shall be unlawful to engage in any device, subterfuge, or pretense to willfully evade or attempt to evade the requirements of this Act or any rule or order issued by the Department hereunder. (b) Any financial product, service, or…

(205 ILCS 731/99-95) Sec. 99-95. No acceleration or delay. Where this Act makes changes in a statute that is represented in this Act by text that is not yet or no longer in effect (for example, a Section represented by multiple versions), the use of that text does not accelerate …

(205 ILCS 511/99-97) Sec. 99-97. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 103-585, eff. 3-22-24.)

(205 ILCS 731/99-99) Sec. 99-99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 104-428, eff. 8-18-25.)

(205 ILCS 511/99-99) Sec. 99-99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 103-585, eff. 3-22-24.)

(205 ILCS 735/99-99) Sec. 99-99. Effective date. This Act takes effect upon becoming law, except that Articles 1 and 40 take effect January 1, 2022. (Source: P.A. 101-657, eff. 3-23-21.)

(205 ILCS 205/12101) Sec. 12101. Effect of repeal. This Article sets forth the effect of and means of transition necessitated by the repeal of the Illinois Savings and Loan Act of 1985. (Source: P.A. 98-1081, eff. 1-1-15.)

(205 ILCS 205/12102) Sec. 12102. Effect on special funds. (a) The Savings and Residential Finance Regulatory Fund established under Section 7-19.1 of the Illinois Savings and Loan Act of 1985 is hereby redesignated the Residential Finance Regulatory Fund. The fund shall continue …

(205 ILCS 205/12103) Sec. 12103. Effect on foreign associations. (a) Any existing foreign association shall be deemed to be an out-of-state savings bank under this Act. (b) Notwithstanding any other provision of this Act, an existing foreign association may retain any branch or o…

(205 ILCS 205/12105) Sec. 12105. Applicability of other Acts. Whenever in any Act the term "savings and loan", "building and loan", "mutual building loan and homestead", or "building loan and homestead" or other similar name is used with reference to an association organized for …

(205 ILCS 658/900-30) Sec. 900-30. The Transmitters of Money Act is repealed. (Source: P.A. 103-991, eff. 8-9-24.)

(205 ILCS 658/999-95) Sec. 999-95. No acceleration or delay. Where this Act makes changes in a statute that is represented in this Act by text that is not yet or no longer in effect (for example, a Section represented by multiple versions), the use of that text does not accelerat…

(205 ILCS 658/999-99) Sec. 999-99. Effective date. This Act takes effect upon becoming law, except that the changes to the Transmitters of Money Act take effect January 1, 2026. (Source: P.A. 103-991, eff. 8-9-24.)

(205 ILCS 610/0.01) (from Ch. 17, par. 1000) Sec. 0.01. Short title. This Act may be cited as the Banking Emergencies Act. (Source: P.A. 86-1324.)

(205 ILCS 115/0.01) (from Ch. 17, par. 3600) Sec. 0.01. Short title. This Act may be cited as the Savings and Loan Share and Account Act. (Source: P.A. 86-1324.)

(205 ILCS 605/0.01) (from Ch. 17, par. 500) Sec. 0.01. Short title. This Act may be cited as the Consumer Deposit Account Act. (Source: P.A. 86-1324.)

(205 ILCS 405/0.1) Sec. 0.1. Short Title. This Act shall be known and may be cited as the Currency Exchange Act. (Source: P.A. 91-533, eff. 8-13-99.)

(205 ILCS 745/1) Sec. 1. Short title. This Act may be cited as the Banking Development District Act. (Source: P.A. 102-802, eff. 1-1-23.)

(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 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 660/1) (from Ch. 17, par. 5201) Sec. 1. This Act shall be known and may be cited as the Sales Finance Agency Act. (Source: Laws 1967, p. 2062.)

(205 ILCS 5/1) (from Ch. 17, par. 301) Sec. 1. Title. This Act may be cited as the Illinois Banking Act. (Source: Laws 1955, p. 83.)

(205 ILCS 665/1) (from Ch. 17, par. 5301) Sec. 1. Declaration of policy. The business of providing debt management services to individuals is a matter of public interest and concern and is subject to regulation and control in the public interest. (Source: P.A. 90-545, eff. 1-1-98…

(205 ILCS 740/1) (was 225 ILCS 425/1)) Sec. 1. This Act shall be known and may be cited as the "Collection Agency Act". (Source: P.A. 78-1248.)

(205 ILCS 650/1) (from Ch. 17, par. 2851) Sec. 1. This Act shall be known and may be cited as the "Foreign Bank Representative Office Act". (Source: P.A. 83-267.)