S&L-SAVINGS BANK-USE OF NAME House SponsorsRep. Daniel J. Burke-Joseph M. Lyons-Thomas Holbrook-Mike Boland, Roger Jenisch and Frank J. Mautino Senate Sponsors(Sen. Jacqueline Y. Collins-Dan Rutherford-Christine Radogno-Todd Sieben) 6/6/2006HousePublic Act . . . . . . . . . 94-0833 205 ILCS 105/1-1.5 new205 ILCS 105/1-5from Ch. 17, par. 3301-5205 ILCS 205/1001.5 new205 ILCS 205/1004from Ch. 17, par. 7301-4 Amends the Illinois Savings and Loan Act of 1985 and the Savings Bank Act. Prohibits any person or group of persons from (1) using the name of an existing savings and loan association or savings bank when marketing or soliciting business from customers or prospective customers if the name is used without the written consent of that association or savings bank or (2) using a name that is similar to that of an existing savings and loan association or savings bank when marketing to or soliciting business from customers or prospective customers if the similar name is used in a manner that would cause a reasonable person to believe that the existing association or savings bank originated, endorsed, or is in any other way responsible for the marketing material or solicitation. Authorizes the Secretary of Financial and Professional Regulation to issue cease and desist orders for violation of these provisions. Imposes civil penalties for violation of the these provisions and for violation of the cease and desist order. Authorizes the Department of Financial and Professional Regulation to adopt rules to administer the provisions. Makes other changes. Effective immediately.House Amendment No. 1 Deletes everything after the enacting clause. Amends the Illinois Savings and Loan Act of 1985 and the Savings Bank Act. Except as otherwise provided by law or with the written consent of the savings and loan association or savings bank, prohibits any person or group of persons from using the name of or a name similar to the name of an existing association or savings bank when marketing to or soliciting business from customers or prospective customers if the name or similar name is used in a manner that would cause a reasonable person to believe that the existing association or savings bank originated, endorsed, or is in any way responsible for the marketing material or solicitation. Authorizes the Secretary of Financial and Professional Regulation to issue cease and desist orders for violation of the provisions. Imposes civil penalties for violation of the provisions and for violation of the cease and desist order. Authorizes the Department of Financial and Professional Regulation to administer the provisions. Makes other changes. Effective immediately. 12/30/2005HouseFiled with the Clerk by Rep. Daniel J. Burke 1/4/2006HouseFirst Reading 1/4/2006HouseReferred to Rules Committee 1/18/2006HouseAssigned to Financial Institutions Committee 1/24/2006HouseAdded Co-Sponsor Rep. Roger Jenisch 1/24/2006HouseHouse Amendment No. 1 Filed with Clerk by Financial Institutions Committee 1/24/2006HouseHouse Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote 1/24/2006HouseDo Pass as Amended / Short Debate Financial Institutions Committee; 027-000-000 1/24/2006HousePlaced on Calendar 2nd Reading - Short Debate 1/25/2006HouseAdded Co-Sponsor Rep. Mike Boland 1/25/2006HouseAdded Co-Sponsor Rep. Frank J. Mautino 1/25/2006HouseAdded Chief Co-Sponsor Rep. Joseph M. Lyons 1/25/2006HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook 1/25/2006HouseChief Co-Sponsor Changed to Rep. Thomas Holbrook 1/25/2006HouseRemoved Co-Sponsor Rep. Mike Boland 2/1/2006HouseSecond Reading - Short Debate 2/1/2006HousePlaced on Calendar Order of 3rd Reading - Short Debate 2/7/2006HouseAdded Chief Co-Sponsor Rep. Mike Boland 2/7/2006HouseThird Reading - Short Debate - Passed 116-000-000 2/8/2006SenateArrive in Senate 2/8/2006SenatePlaced on Calendar Order of First Reading 2/8/2006SenateChief Senate Sponsor Sen. Jacqueline Y. Collins 2/8/2006SenateFirst Reading 2/8/2006SenateReferred to Rules 2/24/2006SenateAdded as Alternate Chief Co-Sponsor Sen. Dan Rutherford 2/24/2006SenateAdded as Alternate Chief Co-Sponsor Sen. Christine Radogno 3/15/2006SenateAssigned to Financial Institutions 3/24/2006SenateDo Pass Financial Institutions; 007-000-000 3/24/2006SenatePlaced on Calendar Order of 2nd Reading March 27, 2006 3/24/2006SenateAdded as Alternate Chief Co-Sponsor Sen. Todd Sieben 3/27/2006SenateSecond Reading 3/27/2006SenatePlaced on Calendar Order of 3rd Reading March 28, 2006 3/28/2006SenateThird Reading - Passed; 055-000-000 3/28/2006HousePassed Both Houses 4/26/2006HouseSent to the Governor 6/6/2006HouseGovernor Approved 6/6/2006HouseEffective Date June 6, 2006 6/6/2006HousePublic Act . . . . . . . . . 94-0833