Illinois § 35-5
Full text of Illinois Illinois Compiled Statutes § 35-5, with citation guidance and answers to common questions.
§ 35-5.
Definitions. As used in this Act: "Commission" means the Commission on Equity and Inclusion. "Covered financial institution" means a bank chartered under the Illinois Banking Act, a savings bank chartered under the Illinois Savings Bank Act, a credit union incorporated under the Illinois Credit Union Act, an entity licensed under the Illinois Residential Mortgage License Act of 1987 which lent or originated 50 or more residential mortgage loans in the previous calendar year, and any other financial institution under the jurisdiction of the Department as designated by rule by the Secretary. "Department" means the Department of Financial and Professional Regulation. "Division of Banking" means the Division of Banking within the Department. "Division of Financial Institutions" means the Division of Financial Institutions within the Department. "Secretary" means the Secretary of Financial and Professional Regulation, or his or her designee, including the Director of the Division of Banking or the Director of the Division of Financial Institutions. (Source: P.A. 103-959, eff. 1-1-25.)
Frequently Asked Questions About Illinois § 35-5
What does Illinois Compiled Statutes § 35-5 cover?
Section 35-5 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 35-5?
A common citation format is "Illinois Compiled Statutes § 35-5" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 35-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.