Ill. Admin. Code tit. 38 § 1075.710

Current through Register Vol. 48, No. 44, November 1, 2024

Section 1075.710 - Request for Preliminary Determination

a) A savings bank that intends to file an application for a branch office or for a change of location of its home office may, before the filing of the application, submit to the Director written advice of intent to file the application and request a preliminary determination as to whether supervisory objection will be raised on the basis of the applicant's policies and financial condition. Within 30 days following receipt of the advice of intent, the applicant shall be advised of the Director's decision, and if applicable, the reason for supervisory objection.

b) If at any time subsequent to preliminary determination the Director determines that a basis for supervisory objection exists, further processing of the respective application shall be denied.

Ill. Admin. Code tit. 38, § 1075.710

Amended at 30 Ill. Reg. 19068, effective December 1, 2006