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20 ILCS 1205/16

Director and supervisors

Known as the Financial Institutions Act

The act spans §§ 20-1205-1 to 20-1205-9 (22 sections).

P.A. 103-1014, eff. 8-9-24.

The Governor shall, by and with the advice and consent of the Senate, appoint a Director of the Division, who shall oversee the Division and who shall report to the Secretary. There shall be a Supervisor of Consumer Credit, a Supervisor of Currency Exchanges, a Supervisor of Title Insurance, and a Supervisor of Credit Unions. The respective supervisors shall be appointed by and responsible to the Director and shall be administratively responsible within the Department for the financial institutions to which their appointments pertain. The Secretary may appoint other supervisory staff as deemed necessary to implement Acts the Division administers.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.