Illinois § 32.1 Loans to single individuals

Illinois Statutes

§ 32.1 — Loans to single individuals

Illinois § 32.1

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 5/Illinois Banking Act.

This text of Illinois § 32.1 (Loans to single individuals) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

205 Ill. Comp. Stat. 32.1 (2026).

Text

(a)For purposes of this Section, "single" means not currently married.

(b)No State bank shall require that single individuals who have reached the age of majority to whom loans are made have cosigners on promissory notes negotiated to secure such loans unless such bank shall, under the same or similar circumstances, also require that single males who have reached the age of majority have cosigners on promissory notes negotiated to secure loans.

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(a) For purposes of this Section, "single" means not currently married. (b) No State bank shall require that single individuals who have reached the age of majority to whom loans are made have cosigners on promissory notes negotiated to secure such loans unless such bank shall, under the same or similar circumstances, also require that single males who have reached the age of majority have cosigners on promissory notes negotiated to secure loans.

Legislative History

(Source: P.A. 104-310, eff. 8-15-25.)

Nearby Sections

2

§ 32

Basic loaning limits

§ 32.1

Loans to single individuals

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Bluebook (online)

Illinois § 32.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/32.1.