Ill. Admin. Code tit. 38 § 1075.540
Current through Register Vol. 48, No. 50, December 13, 2024
A savings bank may invest in loans, debts and advances of credit made for the purpose of financing vehicle/automobile purchases.
For the purposes of this Section, vehicles/automobiles shall include all motorized forms of transportation which the board of directors of a savings bank shall by written policy consider to be adequate collateral.
Ill. Admin. Code tit. 38, § 1075.540