§ 1 This Act shall be known and shall be cited as the “Financial …
§ 2 The purpose of the Financial Institutions Code is to provide under …
§ 4 As used in this Act: “Department” means the Department of Financial and Professional Regulation
§ 6 In addition to the duties imposed elsewhere in this Act, the …
§ 6a The Director may, in accordance with The Illinois Administrative …
§ 7 The provisions of “The Illinois Administrative Procedure Act”, as now …
§ 8 The Director shall direct and supervise all Department administrative …
§ 9 On and after the effective dates as set forth in Section 19 of this …
§ 10 The rights, powers and duties of the Auditor of Public Accounts or, …
§ 11 Every person shall be subject to the same obligations and duties and …
§ 12 Every officer and employee shall for any offense be subject to the …
§ 13 All books, records, files, correspondence, documents or other papers …
§ 13.5 Spanish version of Department’s website; predatory lending
§ 14 Whenever reports or notices are now required to be made or given, or …
§ 15 This Act shall not affect any act done, ratified or confirmed or any …
§ 16 There shall be a Supervisor of Consumer Credit, a Supervisor of …
§ 17 Neither the Director, nor any supervisor, nor any examiner shall be …
§ 18 The Director shall have the power to administer oaths, subpoena …
§ 18.1 Transfer of administration of Uniform Disposition of Unclaimed Property Act to State Treasurer

Terms Used In Illinois Compiled Statutes > 20 ILCS 1205 - Financial Institutions Code

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Fiduciary: A trustee, executor, or administrator.
  • Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Municipalities: has the meaning established in Section 1 of Article VII of the Constitution of the State of Illinois of 1970. See Illinois Compiled Statutes 5 ILCS 70/1.27
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.