Banking & Related Laws
» ILLINOIS LAWS
Illinois Banking Act and Related Laws (click this link for a full listing)
This links to most of the Illinois laws covering the licensing and regulation of banks and thrifts, as well as other financial service providers that are licensed by the state. It also links to trust and estate laws, the Uniform Commercial Code, and interest rate regulation laws. Some of the more commonly used laws are listed below (be sure to check for other relevant laws in the above link and elsewhere):
Illinois Compiled Statutes ("ILCS")
The complete set of Illinois statutes, codified through the beginning of the current legislative session
.. . . various Business Organization laws are here
. . . various
Business Transactions laws, including Securities laws, are here
Recently Enacted Illinois Legislation ("Public Acts")
Legislation passed and signed into law by the Governor in the current legislative session.
Illinois Administrative Code
The permanent rules published by the Executive branch agencies and other Constitutional offices of the State of Illinois. The Secretary of State has not published the full Administrative Code online
.. . . the Table of Contents for the Il. Administrative Code is here
. . . the Il. Central Management Services procurement rules are here
. . . the Illinois Dept. of Financial and Professional Regulation
. . . the Office of Banks and Real Estate ("DBRE") rules are here
. . . the Consumer Credit Section Acts & Rules are here.
. . . the Credit Union Section Acts & Rules are here.
. . . the Currency Exchange Section Acts & Rules are here.
. . . the Illinois Environmental Protection Agency ("EPA") rules are here
. . . the Illinois Human Rights Commission's procedural rules are here
. . . the Illinois Department of Human Rights rules are here
. . . the Illinois Division of Insurance rules are here
. . . the Illinois Department of Revenue rules are here
Illinois Register
The official publication for the proposed and final rules of the Illinois Executive branch and other Constitutional offices. The Secretary of State only recently began publishing the full text of Illinois Registers online.. . . the most recent Illinois Registers with full text are here
. . . Table of Contents for archived Illinois Registers since 1998 are here
Municipal Codes in Illinois
City ordinances for dozens of municipalities, including Chicago and many of its suburbs, Champaign, Peoria, Rockford, Urbana and Waukegan. From Municode.com.
» FEDERAL LAWS
United States Code ("USC")
The USC is a codification of the laws enacted by Congress. The USC is divided into 50 titles which broadly represent the areas subject to Federal regulation. Most (but not all) of the pertinent banking statutes are located in Title 12 of the USC
.. . . the federal banking statutes are here
. . . search the USC here
Enacted Federal Legislation ("Public Acts")
Information on Public Acts from 1973 through the present. Virtually every major piece of federal banking legislation amends a variety of statutes, but rarely will an entire piece of legislation appear in one place in the United States Code. This site at least provides excellent summaries (and sometimes full text) of the enacted federal legislation, also providing direction as to which statutes were amended or created by the legislation. Using this site requires some searching. For your convenience, some of the major federal banking laws enacted during the period covered by this site are:
Depository Institutions Deregulation and Monetary Control Act of 1980 ("DIDMCA") Summary
Garn-St. Germain Depository Institutions Act of 1982 ("Garn-St. Germain") Summary
Competitive Equality Banking Act of 1987 ("CEBA") Summary
Financial Institutions Reform and Recovery Enforcement Act of 1989 ("FIRREA") Summary
FULL TEXT
Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA") Summary
FULL TEXT
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 ("Riegle-Neal")Summary
FULL TEXT
Riegle Community Development and Regulatory Improvement Act of 1994Summary
FULL TEXT
Gramm-Leach-Bliley Act of 1999 ("GLBA") Summary
FULL TEXT
Uniting and Strengthening America Act (or “USA Act of 2001”) ("USA PATRIOT Act") Summary
FULL TEXT
Sarbannes-Oxley Act of 2002 Summary
. . . (the federal accounting standards and securities fraud legislation)
FULL TEXT
Code of Federal Regulations ("CFR")
The CFR is a codification of the permanent rules that are first published in the Federal Register by the Executive departments and agencies of the federal government. The CFR is divided into 50 titles which broadly represent the areas subject to federal regulation. Each title is divided into chapters which usually bear the name of the issuing agency. Most (but not all) of the pertinent, permanent banking regulations are located in Title 12 of the CFR
. . . the OCC rules also are here
. . . the FDIC rules also are here
. . . the Federal Reserve rules also are here
. . . the OTS rules also are here
Federal Register
The official daily publication for the Final Rules, Proposed Rules and other notices (such as Notices of Proposed Rulemaking) of the U.S. government agencies, as well as for Executive Orders and other Presidential documents. Proposed and final rules in the Federal Register are always accompanied by written commentary from the issuing agency, so even though final rules are placed in the CFR, it is almost always helpful to read the Federal Register commentary (for both the proposed and final rules) in addition to the final rules in the CFR. |
