reglab/housing_qa huggingface dataset:
205 ILCS 205/10085
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10085. Expenses and fees.(a) In addition to the fees authorized in this Act, the Secretary may assess reasonable receivership fees against any savings bank operating under this Act that does not maintain insurance with the Federal Deposit Insurance Corporation.  All fees collected under this subsection (a) shall be paid into the Non-insured Institutions Receivership account in the Bank and Trust Company Fund, as established by the Secretary.  The fees assessed under this subsection (a) shall provide for the expenses that arise from the administration of the receivership of any such institution required to pay into the Non-insured Institutions Receivership account, whether pursuant to this Act, the Illinois Banking Act, the Corporate Fiduciary Act, the Foreign Banking Office Act, or any other Act that requires payments into the Non-insured Institutions Receivership account.(b) The Secretary may establish by rule a reasonable manner of assessing fees under subsection (a).(c) All expenses of a receivership, including reasonable receiver's and attorney's fees approved by the Secretary, shall be paid out of the assets of the savings bank. If the funds in the estate of the savings bank are insufficient to cover the expenses that arise from the administration of a receivership, the Secretary may pay such expenses from the Non-insured Institutions Receivership account. All expenses of any preliminary or other examination into the condition of any such savings bank or receivership and all expenses incident to and in connection with the possession and control of the bank and its assets for the purpose of examination, reorganization, or liquidation through receivership shall be paid out of the assets of the savings bank; if such funds are insufficient, the Secretary may pay such expenses from the Non-insured Institutions Receivership account. The payment authorized under this subsection (c) may be made by the Secretary with moneys and property of the bank in his or her possession and control and shall have priority over all claims.  (Source: P.A. 99-39, eff. 1-1-16.)
205 ILCS 205/10090
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10090. Dividends; dissolution. From time to time during a receivership other than a receivership conducted by the Federal Deposit Insurance Corporation, the Secretary shall make and pay from moneys of the savings bank a ratable dividend on all claims as may be proved to his or her satisfaction or adjudicated by the court. Claims so proven or adjudicated shall bear interest at the rate of 3% per annum from the date of the appointment of the receiver to the date of payment, but all dividends on a claim shall be applied first to principal. In computing the amount of any dividend to be paid, if the Secretary deems it desirable in the interests of economy of administration and to the interest of the savings bank and its creditors, he or she may pay up to the amount of $10 of each claim or unpaid portion thereof in full. As the proceeds of the assets of the savings bank are collected in the course of liquidation, the Secretary shall make and pay further dividends on all claims previously proven or adjudicated. After one year from the entry of a judgment of dissolution, all unclaimed dividends shall be remitted to the State Treasurer in accordance with the Revised Uniform Unclaimed Property Act, as now or hereafter amended, together with a list of all unpaid claimants, their last known addresses and the amounts unpaid.  (Source: P.A. 100-22, eff. 1-1-18.)
205 ILCS 205/10095
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

Sec. 10095. Validation of dividends; destruction of records. In all cases where the Secretary, prior to this Section taking effect, has made ratable dividends of money on claims that have been proven to the satisfaction of the Secretary or adjudicated in any court of this State, such dividends are hereby ratified and confirmed and made valid and legal in all respects. All records of receiverships heretofore and hereafter received by the Secretary or by a receiver appointed by the Secretary shall be held by the Secretary or the receiver for the period of 2 years after the close of the receivership and, at the termination of the 2-year period, may then be destroyed.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/10100
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 10 - Involuntary Liquidation

(205 ILCS 205/10100)Sec. 10100. Judicial review. Whenever the Secretary shall have taken possession and control of a savings bank and its assets for the purpose of examination, reorganization, or liquidation through receivership, or whenever the Secretary shall have appointed a receiver for a savings bank, other than the Federal Deposit Insurance Corporation, and filed a complaint for the dissolution or for the winding up of the affairs of a savings bank, and the savings bank denies the grounds for such actions, it may, at any time within 10 days, apply to the Circuit Court of Sangamon County, Illinois, to enjoin further proceedings in the premises; and such court shall cite the Secretary to show cause why further proceedings should not be enjoined, and if the court shall find that the grounds do not exist, the court shall make an order enjoining the Secretary and any receiver acting under his or her direction from all further proceedings on account of such alleged grounds, provided that neither the 10 days allowed by this Section 10100 for judicial review nor the pendency of any proceedings for judicial review shall operate to defer, delay, impede, or prevent the payment or acquisition by the Federal Deposit Insurance Corporation of the deposit liabilities of the savings bank that are insured by the Federal Deposit Insurance Corporation, and during the period allowed for judicial review and during the pendency of any proceedings for judicial review under this Section 10100, the Secretary or, as the case may be, the receiver shall make available to the Federal Deposit Insurance Corporation such facilities in or of the savings bank and the books, records, and other relevant data of the savings bank as may be necessary or appropriate to enable the Federal Deposit Insurance Corporation to pay out or to acquire the insured deposit liabilities of the savings bank, and said Federal Deposit Insurance Corporation and its directors, officers, agents, and employees, and the Secretary and his agents and employees, including the receiver, if any, shall be free from any liability to the savings bank and its stockholders and creditors for or on account of any matter or thing in this proviso referred to or provided for.  (Source: P.A. 96-1365, eff. 7-28-10.)
205 ILCS 205/Art. 11 heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 ARTICLE 11.      Enforcement Powers
205 ILCS 205/11001
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-1)Sec. 11001.         Affirmative action to correct conditions resulting  from violations of law, regulations, or orders or from practices.  The Commissioner is hereby granted authority to issue orders  under this Act that require a savings bank or an  institution-affiliated party to take affirmative action to correct  any conditions resulting from any violations or practices cited  with respect to the order.  The order may require the savings bank  or the institution-affiliated party to:(1) Make restitution or provide reimbursement,     indemnification, or guarantees for or against losses if:(A) the savings bank or the institution         affiliated party was unjustly enriched or received direct or indirect personal benefit in connection with the violation or practice; or(B) the violation or practice involved a reckless         disregard for applicable laws, regulations, or written agreements or written orders of the Commissioner or other appropriate regulator.(2) Restrict the savings bank's growth or institute     appropriate operating restrictions.(3) Dispose of any loan or asset involved.(4) Rescind agreements or contracts.(5) Submit candidates for future directors,     employees, or officers to the Commissioner for approval.(6) Take any other actions the Commissioner deems     necessary.   (Source: P.A. 86-1213.)
205 ILCS 205/11002
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-2)Sec. 11002.     Cease and desist orders;  books and records.(a) If the notice of charges and orders under Section 11001  specifies that the books  and records of a savings bank are so incomplete and inaccurate that the  Commissioner is unable to determine the financial condition of the savings  bank or unable to determine the nature, details, or purpose of any  transaction that may have a material effect on the savings bank's financial  condition, then the Commissioner shall issue an order that shall be  immediately effective requiring:(1) Specific, affirmative steps to restore,     reconstruct, or adjust the books and records to accuracy and compliance.(2) Rescission or cessation of transactions or     activities that led to the incomplete or inaccurate condition of the books and records.(3) The establishment of reserves for any losses that     the Commissioner finds were incurred due to the condition of the books and records.(b) Orders under this Section shall be effective until the  Commissioner's examination determines that the condition has been  corrected.    (Source: P.A. 86-1213.)
205 ILCS 205/11003
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-3)Sec. 11003. Removal and prohibition authority.(a) In addition to other provisions of this Act concerning  officers and directors, the Commissioner may remove or suspend  from any  savings bank operating under this Act any officer, director,  employee, or agent of a savings bank, and the Commissioner may prohibit  participation in the affairs of any savings bank by any current, former, or  prospective officer, director, employee, or agent of a savings bank, if he  finds any of the following:(1) The person or persons have directly or indirectly     violated any law, regulation, or order including orders, conditions, and agreements between the savings bank and the Commissioner or between the savings bank and its federal regulators.(2) The person or persons have breached their     fiduciary or professional responsibilities to the savings bank.(3) The person or persons have engaged or     participated in unsafe action in conducting the business of a savings bank, a savings bank holding company, or a savings bank affiliate.(4) The person or persons have obstructed or impeded     an examination or investigation of a savings bank, a savings bank holding company, or savings bank affiliate.(5) The person or persons have similarly behaved     towards any other insured depository institution or otherwise regulated entity or that the person or persons are the subject of any final order issued by the federal insurer, the Office of the Comptroller of the Currency, the Federal Reserve Board, a state financial institutions regulator, the Securities and Exchange Commission, or by a state or federal court of law.(b) The  Commissioner may serve upon a party a written  notice of the Commissioner's intention to remove or suspend the  party from office in the savings bank or to prohibit any  participation in any manner by the party in the  affairs of any savings bank, if the Commissioner  finds because of  a violation of subsection (a) any of the following:(1) Any savings bank, other insured depository     institution, or other regulated entity has or probably will suffer financial loss or other damage.(2) The interests of the savings bank's depositors or     other insured depository institution's depositors have been or could be prejudiced.(3) The party has received financial gain or other     benefit by reason of the violation and the Commissioner finds that the violation or breach involves personal dishonesty on the part of the party or demonstrates willful or continuing disregard by the party for the safety and soundness of the savings bank or other insured depository institution. (Source: P.A. 96-585, eff. 8-18-09.)
205 ILCS 205/11004
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-4)Sec. 11004.     Industrywide prohibition.(a) Except as provided in regulations of the Commissioner, any person  who has been removed or suspended from office in a savings bank operating  under this Act or prohibited from participating in the  affairs of a savings bank operating under this Act may not, while an order  is in effect, continue or begin to hold any office in, or participate in  any manner in the affairs of any savings bank regulated by  the State of Illinois, another insured depository institution regulated by  the State of Illinois, or any other financial services entity regulated by  the State of Illinois.(b) Any violation of subsection (a) by any person who is  subject to an order described in that subsection shall be treated  as violation of the order.    (Source: P.A. 92-483, eff. 8-23-01.)
205 ILCS 205/11005
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-5)Sec. 11005. Institution affiliated party. As used in this  Act, the term "institution affiliated party" shall mean a  director, officer, employee, agent, or controlling stockholder  of a savings bank operating under this Act; a person who has  filed or is required to file a change-in-control application with  the Commissioner; any person subject to an order of or a party to an  agreement with the Commissioner pertaining to a savings bank; a shareholder  of, consultant to, joint venture  partner of, or an independent contractor for (including accountants,  appraisers and attorneys) any other person who participates in  a significant way in the affairs of a savings bank operating  under this Act.  (Source: P.A. 96-585, eff. 8-18-09.)
205 ILCS 205/11006
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (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.)
205 ILCS 205/11007
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-7)Sec. 11007.         Effect of termination or resignation of an  institution-affiliated party. The resignation, termination of employment,  or separation of an institution-affiliated party from the savings bank  affected by the party's activities shall not affect the jurisdiction and  authority of the Commissioner to issue any appropriate notice or to take  any appropriate action if the notice is served within 6 years of the party's  ceasing to be an institution-affiliated party of the savings bank in question.    (Source: P.A. 86-1213.)
205 ILCS 205/11008
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-8)Sec. 11008.     Unauthorized participation by convicted individual.(a) Except with the prior written consent of the Commissioner,  no person who has been convicted of any criminal offense involving  dishonesty or a breach of trust may own or control directly or indirectly  more than 0.001% of the capital stock of, receive benefit directly or  indirectly from, or participate directly or indirectly  in any manner in the affairs of a savings bank.(b) A savings bank may not permit participation by a person  described in subsection (a).(c) Whoever knowingly violates subsection (a) or (b) is guilty of a Class 3  felony and may be fined not more than $10,000 for each day of violation.    (Source: P.A. 91-97, eff. 7-9-99; 92-483, eff. 8-23-01.)
205 ILCS 205/11009
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-9)Sec. 11009.     Perjury; false statements.(a) Any person who knowingly makes, causes, or  allows someone else to make or cause to be made, a false  statement, either under oath as required by this Act or on any  report or statement required to be made to or by the Commissioner,  shall be subject to the provisions of Section 11006.(b) Where financial loss to a savings bank is caused by those  statements, the penalties shall be commensurate with that loss.    (Source: P.A. 86-1213.)
205 ILCS 205/11010
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-10)Sec. 11010.     Slander.     Any person who knowingly makes, utters, circulates, or  transmits to another or others any statement untrue in fact,  derogatory to the financial condition of any savings bank subject  to this Act with intent to injure any savings bank, or who  counsels, aids, procures, or induces another to originate, make,  utter, transmit, or circulate any statement or rumor, with like  intent, is guilty of slander and shall be punished by a civil money  penalty of not more than $10,000.  However, if, as the result of  the statement or rumor a savings bank suffers loss of deposits  or other financial loss, the Commissioner may assess each person  who knowingly participated in the slander, a civil money penalty  of up to $100,000 per savings bank.  The person will be deemed  to be significantly involved in the affairs of a savings bank and  the Commissioner may also proceed against that person as provided  in Section 11006.    (Source: P.A. 86-1213.)
205 ILCS 205/11011
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

 (from Ch. 17, par. 7311-11)Sec. 11011.     False advertising.(a) No savings bank shall issue, publish, or cause or  permit to be issued or published any advertisement that, in part  or taken as a whole, is in any way false or misleading.(b) The Commissioner may require any savings bank to file  a true copy of the text of any advertisement in the office of the  Commissioner within 2 days after the issuance, circulation, or  publication of the advertisement.  All of the powers granted  under this Article shall be available to the Commissioner  with respect to a savings bank's violation of this Section.    (Source: P.A. 86-1213.)
205 ILCS 205/11012
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 11 - Enforcement Powers

(205 ILCS 205/11012)Sec. 11012.     (Repealed).     (Source: P.A. 90-161, eff. 7-23-97. Repealed by P.A. 92-483, eff. 8-23-01.)
205 ILCS 205/Art. 12 heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 12 - Compliance Review

 ARTICLE 12.      Compliance Review
205 ILCS 205/12001
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 12 - Compliance Review

(205 ILCS 205/12001)Sec. 12001.     Compliance review.(a) As used in this Section:"Affiliate" means a corporation whose stock is at least 80% owned by  the depository institution or a corporation that directly or indirectly owns  at least 80% of the depository institution."Depository institution" means a State or national bank, a State or federally  chartered savings and loan association, or a State or federally chartered  savings bank that is engaged in the business of banking in Illinois as  appropriate."Compliance review committee" means:(1) one or more persons assigned by management or     appointed by the board of directors of a depository institution for the purposes set forth in subsection (b); or(2) any other person to the extent the person acts in     an investigatory capacity at the direction of a compliance review committee."Compliance review documents" means documents prepared in connection with a  review or evaluation conducted by or for a  compliance review committee."Person" means an individual, a group of individuals, a board committee,  a partnership, a firm, an association, a corporation, or any other entity.(b) This Section applies to compliance review committees whose functions  are to evaluate and seek to improve any of the following:(1) loan policies or underwriting standards;(2) asset quality;(3) financial reporting to federal or State     governmental or regulatory agencies; or(4) compliance with federal or State statutory or     regulatory requirements.(c) Except as provided in subsection (d) of this Section:(1) Compliance review documents are confidential and     are not subject to discovery or admissible in evidence in any civil action.(2) Individuals serving on compliance review     committees or acting under the direction of a compliance review committee shall not be required to testify in any civil action about the contents of any compliance review document or conclusions of any compliance review committee or about the actions taken by a compliance review committee.(3) Compliance review documents delivered to an     affiliate or a State, federal, or foreign governmental or regulatory agency shall remain confidential and are not discoverable or admissible in evidence in any civil action.(d) This Section does not apply to: (1) compliance review committees on  which  individuals serving on or at the direction of the compliance review committee  have  management responsibility for the operations, records, employees, or activities  being examined or evaluated by the compliance review committee and (2) any  civil action initiated by any federal or State regulatory agency.(e) This Section shall not be construed to limit the discovery or  admissibility in any civil action of any documents other than compliance review  documents.    (Source: P.A. 89-364, eff. 8-18-95.)
205 ILCS 205/Art. 12.1 heading
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 12.1 - Effect of Repeal of Illinois Savings and Loan Act of 1985

 ARTICLE 12.1.  Effect of Repeal of Illinois Savings and Loan Act of 1985   (Source: P.A. 98-1081, eff. 1-1-15.)
205 ILCS 205/12101
2021 Illinois Compiled Statutes|Chapter 205 - FINANCIAL REGULATION|205 ILCS 205/ - Savings Bank Act.|Article 12.1 - Effect of Repeal of Illinois Savings and Loan Act of 1985

Sec. 12101. Effect of repeal.   This Article sets forth the effect of and means of transition necessitated by the repeal of the Illinois Savings and Loan Act of 1985.  (Source: P.A. 98-1081, eff. 1-1-15.)