205 ILCS 616/35: Limit on switch connections.
Where this section sits in the code
- CHAPTER 205 FINANCIAL REGULATION
- Electronic Fund Transfer Act.
No main office or branch of a financial institution shall at the same time be directly connected to more than one switch; provided, however, that (a) no financial institution shall be deemed to be directly connected to a switch that is, or is owned directly or indirectly by, that financial institution, and (b) nothing in this Act shall preclude (1) a terminal that does not accept deposits from being connected to more than one switch, (2) a network from utilizing more than one switch, or (3) a network from utilizing a single switch.
Collected 2026-09-15T04:46:29Z. Source file · JSON