REGULATION-BANKS-REAL ESTATE House SponsorsRep. Michael K. Smith 1/13/2009HouseSession Sine Die 20 ILCS 3205/5from Ch. 17, par. 45520 ILCS 3205/6from Ch. 17, par. 45620 ILCS 3210/5from Ch. 17, par. 405205 ILCS 5/2from Ch. 17, par. 302205 ILCS 5/13from Ch. 17, par. 320205 ILCS 5/16from Ch. 17, par. 323205 ILCS 5/48from Ch. 17, par. 359205 ILCS 5/78.5 new205 ILCS 5/79.5 new205 ILCS 5/82from Ch. 17, par. 394205 ILCS 5/78 rep.205 ILCS 5/79 rep.205 ILCS 10/2from Ch. 17, par. 2502205 ILCS 10/3.074from Ch. 17, par. 2510.04205 ILCS 510/0.05205 ILCS 620/1-5.15 new205 ILCS 620/2-7from Ch. 17, par. 1552-7205 ILCS 620/4-5from Ch. 17, par. 1554-5205 ILCS 620/5-1from Ch. 17, par. 1555-1205 ILCS 620/5-3from Ch. 17, par. 1555-3205 ILCS 620/5-5from Ch. 17, par. 1555-5205 ILCS 620/5-6from Ch. 17, par. 1555-6205 ILCS 620/5-8from Ch. 17, par. 1555-8205 ILCS 620/5-9from Ch. 17, par. 1555-9205 ILCS 650/2from Ch. 17, par. 2852205 ILCS 680/Act rep. Amends the Office of Banks and Real Estate Act to change the powers of the Secretary of Financial and Professional Regulation to issue certain authorizations. Amends the Illinois Bank Examiners' Education Foundation Act to provide that the Foundation shall be governed by a Board of Trustees that consists of the members of the Board of Banks and Trust Companies. Amends the Illinois Banking Act. Deletes the definition of "State Banking Board". Changes provisions concerning the issuance of bank charters. Makes changes concerning notification of meetings of the board of directors. Provides that the Secretary (i) may prescribe the requirements to file applications electronically and (ii) may impose civil penalties in an amount not to exceed that amount a federal regulatory agency is authorized to charge under federal law (rather than $10,000) for violations of the Act. Creates a new Board of Banks and Trust Companies and specifies the appointment and terms of its members. Repeals provisions concerning the current Board of Banks and Trust Companies. Amends the Pawnbroker Regulation Act to make changes to the powers and duties of the Secretary. Amends the Corporate Fiduciary Act. Removes a provision requiring the Secretary to record certain information in the Office of the Secretary of State. Makes changes in provisions concerning certificates of authority. Makes changes in provisions concerning the orders issued by the Secretary. Makes changes in provisions concerning the statement of condition by a corporate fiduciary. Amends the Foreign Bank Representative Office Act to make a change to the definition of "foreign bank". Repeals the Financial Institution Activity Reporting Act. Changes some references in various Acts from (1) the Commissioner of Banks and Real Estate to the Secretary of Financial and Professional Regulation and (2) the State Banking Board to the Board of Banks and Trust Companies. Makes other changes. Effective January 1, 2009. 2/11/2008HouseFiled with the Clerk by Rep. Michael K. Smith 2/11/2008HouseFirst Reading 2/11/2008HouseReferred to Rules Committee 1/13/2009HouseSession Sine Die