Foreign Bank Representative Office Act

Sections covered

• 205 ILCS 650/1This Act shall be known and may be cited as the "Foreign Bank Representative Office Act"
• 205 ILCS 650/2Definitions
• 205 ILCS 650/3No person, copartnership, association, corporation or other entity shall establish or maintain a representative office in this State on behalf of one or more foreign banks unless the foreign bank to be represented has obtained a license from the Commissioner
• 205 ILCS 650/4Application; fees
• 205 ILCS 650/5Financial Regulation › 205 ILCS 650 — Foreign Bank Representative Office Act
• 205 ILCS 650/6Revocation of license
• 205 ILCS 650/7Reliance on Commissioner
• 205 ILCS 650/7.5Non-English language transactions
• 205 ILCS 650/8Powers of the Commissioner