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Public Act 100-0304
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| HB0823 Enrolled | LRB100 06976 SMS 17027 b |
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AN ACT concerning regulation.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Division of Banking Act is amended by adding |
Section 6.2 as follows:
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(20 ILCS 3205/6.2 new) |
Sec. 6.2. Community reinvestment. The Division shall |
review the federal Community Reinvestment Act performance |
evaluations conducted by the primary federal regulator of any |
financial institution regulated by the Division to monitor the |
efforts State chartered banks are making to meet the credit |
needs of the communities in which they serve, including |
low-income and moderate-income neighborhoods, consistent with |
safe and sound banking practices. |
The Department may electronically publish an annual report |
to provide the federal Community Reinvestment Act performance |
evaluations of State chartered banks.
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