Bill Amendment: IL SB3787 | 2021-2022 | 102nd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: CREDIT UNIONS-BIENNIAL EXAM

Status: 2022-05-13 - Public Act . . . . . . . . . 102-0858 [SB3787 Detail]

Download: Illinois-2021-SB3787-Senate_Amendment_001.html

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Sen. John Connor

Filed: 2/18/2022

10200SB3787sam001 LRB102 21295 BMS 36603 a
AMENDMENT TO SENATE BILL 3787
AMENDMENT NO. ______. Amend Senate Bill 3787 by replacing
line 25 on page 11 through line 23 on page 12 with the
following:
"(5) The Secretary may accept an examination from the
National Credit Union Administration or a private insurer of
share deposits approved by the Secretary instead of an
examination conducted by the Department or by a public
accountant registered by the Department pursuant to subsection
(3). Acceptance of an examination from the National Credit
Union Administration or an approved private insurer of share
deposits shall only be permitted on an alternating basis with
examinations that the Department or a registered public
accountant conducts.".