Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 350 - LOAN AGREEMENTS PROVIDING FOR A BANK TO SHARE IN PROFITS, INCOME OR EARNINGS
Section 350.30 - Permissible ADC Lending Transactions by State Banks
Universal Citation: 38 IL Admin Code ยง 350.30
Current through Register Vol. 48, No. 12, March 22, 2024
State banks may engage in or purchase participations in ADC lending transactions unless such transactions are structured in such a manner that the state bank has the same risks and potential rewards as those of an investor or a joint venturer in real estate.
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