TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: OFFICE OF BANKS AND REAL ESTATE
PART 360 LICENSING AND REGULATION OF PAWNBROKERS
SECTION 360.600 SCOPE
CHAPTER II: OFFICE OF BANKS AND REAL ESTATE
PART 360 LICENSING AND REGULATION OF PAWNBROKERS
SECTION 360.600 SCOPE
Section 360.600 Scope
The rules and procedures in this Subpart shall apply to proceedings in connection with the suspension of license of a pawnshop pursuant to Section 0.05(a)(7) of the Pawnbroker Regulation Act [205 ILCS 510/0.05(a)(7)] and the revocation of license of a pawnshop pursuant to Section 0.05(a)(10) of the Pawnbroker Regulation Act [205 ILCS 510/0.05(a)(10)]. The revocation or suspension of license shall not impair or affect the obligation of either the pawnbroker or the pledger to fulfill the terms of any preexisting memorandum, contract, or note.