Illinois Compiled Statutes 205 ILCS 205 Savings Bank Act. Section 11006

    (205 ILCS 205/11006) (from Ch. 17, par. 7311-6)

    Sec. 11006. Civil penalties. The Commissioner, in addition to any other powers granted in this Act, shall have the power and authority to:

        (1) Impose civil penalties of up to $100,000 against

    any person for each violation of any provision of this Act, any rule promulgated in accordance with this Act, any order of the Commissioner, or any other action that in the Commissioner's discretion, is an unsafe or unsound banking practice.

        (2) Impose civil penalties of up to $100 against any

    person for the first failure to comply with reporting requirements set forth in the report of examination of the bank and up to $200 for the second and subsequent failures to comply with those reporting requirements.

(Source: P.A. 96-1365, eff. 7-28-10.)

Sections:  Previous  11001  11002  11003  11004  11005  11006  11007  11008  11009  11010  11011  11012  Next

Last modified: February 18, 2015