The Illinois Banking Act is a comprehensive set of laws that govern banking activities in the state of Illinois. It covers various aspects such as the formation and powers of banks, capital requirements, stock provisions, mergers and conversions, loan limits, and other related matters. The Act applies to banks, trust companies, financial institutions, and other entities engaged in banking activities in Illinois. It does not specify any exemptions or penalties. The Act provides definitions for various terms used throughout the Act, which help clarify the scope and application of its provisions.

This section of the Illinois Banking Act, specifically Section 37, governs loans to officers and loans on and purchases of a state bank’s own stock. It prohibits state banks from making loans or extensions of credit in excess of certain limits to its president, vice presidents, salaried officers or employees, directors, or corporations or firms controlled by them, without prior approval from the board of directors. Additionally, state banks are not allowed to make loans or discounts on the security of their own capital stock, preferred stock, debentures, or evidences of debt that are convertible into capital stock or are junior or subordinate in right of payment to deposit or other liabilities of the bank.

The Consumer Deposit Account Act, as defined in the Illinois Compiled Statutes, governs the establishment and maintenance of consumer-deposit accounts by natural persons with a financial institution. A consumer-deposit account refers to a demand or other similar deposit account operated primarily for personal, family, or household purposes. The Act defines a financial institution as any bank subject to the Illinois Banking Act, including out-of-state banks, savings banks subject to the Savings Bank Act, savings and loan associations subject to the Illinois Savings and Loan Act of 1985, and federally chartered commercial banks, savings banks, or savings and loan associations operated in Illinois under the laws of the United States.

(205 ILCS 605/2) (from Ch. 17, par. 502) Sec. 2. Identification and numbering of consumer - deposit account. For all consumer-deposit accounts opened after January 1, 1982, all new checks, drafts, or orders drawn on financial institution accounts shall clearly display on the face of each check, draft, or order a number. Each check, draft, or similar order shall be numbered consecutively. This Section shall not apply to temporary checks, drafts, or orders of withdrawal provided by financial institutions upon the opening of a consumer deposit account.

The Illinois Banking Emergencies Act, found under the Illinois Compiled Statutes, provides guidelines and procedures for handling emergencies that may disrupt the normal operations of banks and pose threats to their safety and security. The Act defines key terms such as ‘Commissioner’ and ‘Bank’ and clarifies the roles and responsibilities of designated ‘Officers’ in carrying out the provisions of the Act. It establishes the ‘Division of Banking’ as the regulatory authority.

The provided legal document is the Electronic Fund Transfer Act under the Illinois Compiled Statutes. It defines various terms related to electronic fund transfers and applies to financial institutions, sellers of goods and services, issuers, and networks involved in electronic fund transfers. The Act does not specify any exemptions or penalties for non-compliance or violation of its provisions.

The Promissory Note and Bank Holiday Act is a legal document that governs bank holidays and the closure of banks in the State of Illinois. It outlines the legal holidays upon which a bank may choose to remain closed, including New Year’s Day, Martin Luther King Jr.’s birthday, Presidents Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans’ Day, Thanksgiving Day, and Christmas Day. Additionally, banks are allowed to select one additional day of the week to remain closed on a regular basis, subject to certain requirements.

The Transmitters of Money Act, as defined in the Illinois Compiled Statutes, governs the business activities of money transmitters in the state of Illinois. It applies to persons located in or doing business in Illinois who engage in the business of selling or issuing payment instruments, receiving money for transmission or transmitting money, or exchanging money of the United States Government or a foreign government to or from money of another government.

This section of the Illinois Compiled Statutes, specifically the Transmitters of Money Act, outlines the requirements for obtaining a license as a money transmitter in the state of Illinois. The application for a license must be in writing, under oath, and contain various information and accompanying documents, including the applicant’s name and address, business organization details, financial statements, filings with regulatory entities, list of other licensed states, sample contracts and payment instruments, clearing bank information, surety bond, applicable fees, consent to service of process, compliance with money laundering regulations, and any additional information requested by the Director.

The Illinois Automated Teller Machine Security Act, also known as the Automated Teller Machine Security Act, is a legal document that governs the security and operation of automated teller machines (ATMs) in the state of Illinois. The Act applies to financial institutions, operators of ATMs, and customers. It defines various terms related to ATMs, such as ‘access area,’ ‘access device,’ and ‘automated teller machine.’ The Act establishes requirements for defined parking areas, which are areas adjacent to ATMs used for customer parking during the hours of darkness.