Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 330 - LENDING LIMITS
Subpart B - AGGREGATION OF LOANS
Section 330.100 - Purpose
Universal Citation: 38 IL Admin Code ยง 330.100
Current through Register Vol. 48, No. 12, March 22, 2024
Section 32 of the Act is intended to prevent one person or a relatively small group of persons, from borrowing an unduly large amount of a bank's funds. It is also intended to safeguard a bank's depositors by diversifying the risk of loan losses among a relatively large number of persons engaged in different types of businesses.
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