TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 120 CURRENCY EXCHANGE ACT
SECTION 120.110 TIMELY DEPOSITS


 

Section 120.110  Timely Deposits

 

Each check, draft, money order, or other evidence of money cashed by a licensee shall be deposited or transmitted for deposit within the ordinary course of business no later than the following business day after the instrument has been cashed.  A deposit to an armored-car service satisfies this requirement.

 

(Source:  Amended at 45 Ill. Reg. 9947, effective July 26, 2021)