Section 360.620  Grounds for Revocation of License

The following are grounds for revocation of license pursuant to Section 0.05(a)(10) of the Pawnbroker Regulation Act [205 ILCS 510/0.05(a)(10)]:

a)         a licensee has been convicted of a felony in connection with the operations of a pawnshop;

b)         a licensee knowingly or recklessly violates, or has continuously violated, the Pawnbroker Regulation Act, a rule promulgated in accordance with the Pawnbroker Regulation Act, or any order of the Commissioner;

c)         a fact or condition exists that, if it had existed or had been known at the time of the original application, would have justified license refusal; or

d)         the licensee knowingly submits materially false or misleading documents with the intent to deceive the Commissioner or any other party.