{"data":{"id":"us-il/205-ilcs-650-4","jurisdiction":"us-il","citation":"205 ILCS 650/4","heading":"Application; fees.","body":"(a) The application for a license shall contain information and be accompanied by a reasonable fee as determined, by rule, by the Commissioner.\n(b) The Commissioner shall issue a license to a foreign bank to establish and maintain a representative office if the Commissioner finds:\n(1) the foreign bank is of good character and sound financial standing;\n(2) the management of the foreign bank and the proposed management of the representative office are adequate; and\n(3) the convenience and needs of persons to be served by the proposed representative office will be promoted.","path":["CHAPTER 205 FINANCIAL REGULATION","Foreign Bank Representative Office Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1199\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:29Z","sha256":"6e73669317c29e0c54829ec13c086d0f49eb389655f7ef4f5e0abfbb62bdb10c","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-650-3","next":"us-il/205-ilcs-650-5"},"notice":"GroundRules: Original legal text. Not legal advice."}