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Illinois · Through at least Public Act 104-790

205 ILCS 616/35: Limit on switch connections.

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Where this section sits in the code
  1. CHAPTER 205 FINANCIAL REGULATION
  2. 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

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