Ill. Admin. Code tit. 38 § 315.420

Current through Register Vol. 48, No. 45, November 8, 2024
Section 315.420 - Acceptance of Deposits

In order to maintain parity, any financial institution, the deposits in which are insured by an agency or instrumentality of the federal government, may establish or own a terminal in this State that accepts deposits of funds to an account if the main office of such financial institution is located in a state that would permit, under terms no more restrictive than those imposed in Illinois, a financial institution organized under the Illinois Banking Act to establish or own a terminal in that state that accepts deposits of funds to an account.

Ill. Admin. Code tit. 38, § 315.420

Added at 28 Ill. Reg. 14789, effective October 27, 2004