Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1075 - SAVINGS BANK ACT
Subpart E - INVESTMENTS
Section 1075.540 - Vehicle/Automobile Loans
A savings bank may invest in loans, debts and advances of credit made for the purpose of financing vehicle/automobile purchases.
For the purposes of this Section, vehicles/automobiles shall include all motorized forms of transportation which the board of directors of a savings bank shall by written policy consider to be adequate collateral.