Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 350 - LOAN AGREEMENTS PROVIDING FOR A BANK TO SHARE IN PROFITS, INCOME OR EARNINGS
Section 350.60 - Procedure
Universal Citation: 38 IL Admin Code ยง 350.60
Current through Register Vol. 48, No. 12, March 22, 2024
A state bank may request a declaratory ruling pursuant to Section 5-150(a) of the Illinois Administrative Procedure Act [5 ILCS 100/5-150(a) ] from the Commissioner that an ADC lending transaction is permissible by submitting a written request to the Commissioner which describes the proposed transaction and addresses the factors set forth in Section 350.50.
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