Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1075 - SAVINGS BANK ACT
Subpart M - REMOVALS, SUSPENSIONS AND INDUSTRY WIDE PROHIBITION
Section 1075.1620 - Removal and Prohibition by Order

Universal Citation: 38 IL Admin Code ยง 1075.1620
Current through Register Vol. 48, No. 12, March 22, 2024

In the event of consent, or, if upon the record submitted by the presiding hearing officer pursuant to 38 Ill. Adm. Code 100, and subject to Section 1075.1630 of this Part, the Director finds that any of the charges have been established, the Director may issue an Order of removal or suspension from office or of prohibition from participation in any manner in the affairs of a savings bank operating under the Act. The Order is effective upon service (except in the case of an Order issued upon consent that is effective at the time specified in the Order) and shall remain effective and enforceable unless stayed, modified, terminated or set aside by action of the Director or a reviewing court.

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