New IOLTA requirements effective September 1By Helen W. GunnarssonSeptember 2011Lawpulse, Page 434The amended rule forbids non-interest bearing pooled accounts, imposes new recordkeeping requirements, and obliges banks to report trust-account overdrafts.
No state-law claims of usury against a national bankJanuary 2006Illinois Law Update, Page 16On November 10, 2005, the Illinois Appellate Court, First District, affirmed the decision of the Circuit Court of Cook County, granting summary judgment for defendant EquiCredit Corp of America.
Make Your Banker Your PartnerBy Paul SullivanNovember 2001Column, Page 599Need a loan to grow your practice or even out cash flow? Here's what your banker has to offer and what you'll be asked to provide in return.
The Lawyer's JournalBy Bonnie C. McGrathAugust 2001Column, Page 394Name-calling brief writers get a pass; Gramm-Leach-Bliley may require lawyers to send privacy notices; and more.
High risk home loansJuly 2001Illinois Law Update, Page 342On May 17, 2001, the Illinois Office of Banks and Real Estate (office) adopted a new provision to section 345 of the Illinois Administrative Code. 38 Ill Adm Code 345.
Default and foreclosure rates on conventional loansMarch 2001Illinois Law Update, Page 116On December 15, 2000, the Illinois Office of Banks and Real Estate (OBRE) adopted emergency rules and amendments to sections 345, 1000, and 1050 of the Illinois Administrative Code.
Confidential supervisory information disclosureOctober 2000Illinois Law Update, Page 563On July 28, 2000, the Illinois Office of Banks and Real Estate adopted new sections to section 325 of the Illinois Administrative Code. 38 Ill Adm Code 325.
College Savings PoolJuly 2000Illinois Law Update, Page 380On March 24, 2000, the Illinois Treasurer's Office adopted emergency rules to section 2500 of the Illinois Administrative Code. 23 Ill Adm Code 2500.
New law protects consumers from predatory lenders ; P.A. 91-698July 2000Illinois Law Update, Page 380Public Act 91-698, which became effective when signed on May 6, is designed to protect Illinois consumers from predatory lenders by authorizing the Department of Financial Institutions and the Office of Banks and Real Estate to promulgate rules regulatin regulating the activities of lenders they license.
The Lawyer's JournalBy Bonnie McGrathFebruary 2000Column, Page 62Banks and title insurance; fees for foiled FOIA requests; crafting affirmative action plans; and more.