Illinois Compiled Statutes 205 Financial Regulation: Article -

• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 1
  This Act shall be known and may be cited as the "Foreign Bank Representative Office Act". (Source: P.A. 83-267.)
• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 2
  Definitions. As used in this Act, unless the context requires otherwise: (a) "Commissioner" means the Secretary of Financial and Professional Regulation or a person authorized...
• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 3
  No person, copartnership, association, corporation or other entity shall establish or maintain a representative office in this State on behalf of one or more...
• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 4
  Application; fees. (a) The application for a license shall contain information and be accompanied by a reasonable fee as determined, by rule, by the...
• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 5
  (a) Each foreign bank which is licensed to establish and maintain a representative office shall make, keep, and preserve at such office or at...
• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 6
  Revocation of license. If the Commissioner finds: (a) the licensee or its representative has violated any provision of this Act or other law, rule,...
• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 7
  Reliance on Commissioner. No foreign bank or other person shall be liable under this Act for any act done or omitted in good faith...
• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 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...
• Illinois Foreign Bank Representative Office Act. - 205 ILCS 650, Section 8
  Powers of the Commissioner. The Commissioner shall have under this Act all of the powers granted to him under the Illinois Banking Act, including...

Last modified: February 18, 2015