Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 315 - ELECTRONIC FUND TRANSFERS
Subpart D - TERMINALS
Section 315.420 - Acceptance of Deposits
Universal Citation: 38 IL Admin Code ยง 315.420
Current through Register Vol. 48, No. 12, March 22, 2024
In order to maintain parity, any financial institution, the deposits in which are insured by an agency or instrumentality of the federal government, may establish or own a terminal in this State that accepts deposits of funds to an account if the main office of such financial institution is located in a state that would permit, under terms no more restrictive than those imposed in Illinois, a financial institution organized under the Illinois Banking Act to establish or own a terminal in that state that accepts deposits of funds to an account.
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