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IL HB0533

Bill

Official Source

Status

Introduced

2/4/2009

Primary Sponsor

Charles Jefferson

Click for details

Origin

House of Representatives

96th General Assembly

AI Summary

  • Amends the Illinois Banking Act by adding Section 48.7 requiring financial institutions to fully disclose whether they have received any federal financial assistance
  • Disclosure must be made to current customers, prospective customers, and before any State business transaction
  • Disclosure may be made through written communication, electronic mail, or on any form completed during the course of business
  • Applies to all financial institutions governed under the Illinois Banking Act

Legislative Description

FINAN REG-FEDERAL AID DISCLOSR

Last Action

Added Chief Co-Sponsor Rep. Monique D. Davis

3/13/2009

Committee Referrals

Rules3/13/2009
Financial Institutions2/9/2009
Rules2/4/2009

Full Bill Text

No bill text available