Ill. Admin. Code tit. 38 § 1075.540

Current through Register Vol. 48, No. 44, November 1, 2024
Section 1075.540 - Vehicle/Automobile Loans

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