Sec. 18. Oaths; subpoenas; penalty.

190 words·~1 min read·/il/chapter-20/act-1205/18

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)At any time during the course of any investigation or hearing conducted pursuant to any Act administered by the Division, the Secretary shall have the power to administer oaths, subpoena witnesses, take evidence, and compel the production of any books, records, or any other documents that the Secretary deems relevant or pertinent to any investigation or hearing regarding the operation of any financial institution. Witnesses in investigations or hearings conducted under this Section are entitled to the same fees and mileage, and in the same manner, as prescribed by law in judicial proceedings in civil cases of this State.

(b)Any person who fails to appear in response to a subpoena, to answer any question, to produce any books, papers, records, or any documents deemed relevant or pertinent to such investigation or hearing, or who knowingly gives false testimony therein, is guilty of a Class A misdemeanor. Each violation shall constitute a separate and distinct offense. In addition to initiating criminal proceedings through referral, the Division, through the Attorney General, may seek enforcement of any such subpoena in any circuit court of this State.