Illinois Compiled Statutes 205 Financial Regulation: Article 6 - Investments

• Illinois Savings Bank Act. - 205 ILCS 205, Section 6001
  General provisions. (a) No savings bank shall make any loan or investment authorized by this Article unless the savings bank first has determined that...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6002
  Investment in loans. (a) Subject to the regulations of the Commissioner, a savings bank may loan funds as follows: (1) On the security of deposit...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6003
  Other investments. A savings bank may invest funds as provided in this Section: (1) In demand, time, or savings deposits or accounts, withdrawable accounts,...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6004
  Calculation of interest; postpayments and prepayments. (a) In any contract or loan that is secured by a mortgage, deed of trust, or conveyance in...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6005
  General loan contract provisions. Each loan and any agreement for securing the loan shall be evidenced by one or more written instruments, consistent with...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6006
  Modification agreements. A savings bank, at any time, may enter into a written agreement with a borrower to modify, in any manner not inconsistent...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6007
  Sale, assignment, and servicing of loans and contracts. (a) Any savings bank may sell any loan or a participating interest in a loan at any...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6008
  Purchase of real estate at forced sale. A savings bank may purchase at any sheriff's or other judicial sale, either public or private, any real...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6009
  Purchase of real estate for office and rental purposes. (a) A savings bank may acquire and hold real estate in fee simple or leaseholds on...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6010
  Prohibited loans. No savings bank may make a loan to any person owning 10% or more of its capital stock, any affiliated person, agent,...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6011
  Effect of unauthorized investments. (a) Every loan or other investment made in violation of this Act shall be due and payable according to its...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6012
  Acknowledgments. No acknowledgment of a deed, mortgage, or other instrument shall be invalid because the acknowledgment was taken before an officer authorized by the...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6013
  Loans to one borrower. (a) Except as provided in subsection (c), the total loans and extensions of credit, both direct and indirect, by a...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 6014
  Commissioner's regulations. (a) The Commissioner shall promulgate rules and regulations to determine permissible levels of investment and permissible concentrations of assets for savings banks...

Last modified: February 18, 2015