Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1075 - SAVINGS BANK ACT
Subpart M - REMOVALS, SUSPENSIONS AND INDUSTRY WIDE PROHIBITION
Section 1075.1650 - Unauthorized Participation of Convicted Individual
Current through Register Vol. 48, No. 12, March 22, 2024
a) Upon a finding by the Director, without hearing on the matter, that a current or proposed officer, organization director, agent or employee of a savings bank operating under the Act has been convicted of any criminal offense involving dishonesty or a breach of trust, the Director shall Order that such person shall not participate in any manner, at the conduct of affairs at a savings bank operating under the Act.
b) The Order of the Director shall:
c) Notwithstanding subsection (a), the Director, upon prior request, may grant written consent to participate in a savings bank operated under the Act. A request must be made in writing to the Director. The decision of the Director is not reviewable.
d) Request for consent of the Director shall be made in writing to the Director. The request shall include: