Illinois § 44.1 Services at care facilities

Illinois Statutes

§ 44.1 — Services at care facilities

Illinois § 44.1

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 5/Illinois Banking Act.

This text of Illinois § 44.1 (Services at care facilities) 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. 44.1 (2026).

Text

Subject to reasonable regulations the Commissioner may prescribe for the protection of depositors, a bank may take any action necessary for the provision of banking services to persons residing in any bona fide nursing home, senior citizens' retirement home, or long term care facility and may conduct a banking business at the location on a limited basis. However, no location served by a bank on a limited basis pursuant to this Section shall be deemed a branch for purposes of Section 5 of this Act.

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Subject to reasonable regulations the Commissioner may prescribe for the protection of depositors, a bank may take any action necessary for the provision of banking services to persons residing in any bona fide nursing home, senior citizens' retirement home, or long term care facility and may conduct a banking business at the location on a limited basis. However, no location served by a bank on a limited basis pursuant to this Section shall be deemed a branch for purposes of Section 5 of this Act.

Legislative History

(Source: P.A. 87-602; 88-4.)

Nearby Sections

2

§ 44

School or institutional deposits

§ 44.1

Services at care facilities

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Bluebook (online)

Illinois § 44.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/44.1.