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GLEN ELLYN SAVINGS & LOAN v. TSOUMAS

No. 49339.

71 Ill.2d 493 (1978)

377 N.E.2d 1

GLEN ELLYN SAVINGS AND LOAN ASSOCIATION et al., Appellees, v. A.T. TSOUMAS, Director, Illinois Department of Financial Institutions, Appellant.

Supreme Court of Illinois.

Opinion filed May 26, 1978.

Attorney(s) appearing for the Case

William J. Scott, Attorney General, of Springfield (George W. Lindberg, Deputy Attorney General, and Imelda R. Terrazino, Assistant Attorney General, both of Chicago, of counsel), for appellant.

Giffin, Winning, Lindner, Newkirk, Cohen & Bodewes, of Springfield (James M. Winning, of counsel), for appellee Glen Ellyn Savings & Loan Association.

Harold B. Shore and Matthew G. Ash, of Washington, D.C. (Anne P. Jones, of counsel), for amicus curiae Federal Home Loan Bank Board.

Affirmed in part as modified and vacated in part.

MR. JUSTICE CLARK delivered the opinion of the court:

The primary question in this case is whether, under the supremacy clause of the United States Constitution (U.S. Const., art. VI), the Home Mortgage Disclosure Act of 1975 (12 U.S.C. sec. 2801 et seq. (1976)) ("Federal Act") has preempted the application of the Financial Institutions Disclosure Act (Ill. Rev. Stat. 1975, ch. 95, par. 201 et seq...

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