(205 ILCS 665/6)
(from Ch. 17, par. 5306)
Renewal of license.
Each debt management service provider under the provisions of this Act may
make application to the
Secretary for renewal of its license, which
application for renewal shall be on the form prescribed by the Secretary and
shall be accompanied by a fee of $100.00 together with a bond or other
surety as required, in a minimum amount of $25,000 or such an amount as
required by the Secretary based on the amount of disbursements made by the
licensee in the previous year. The application must be received by the
Department no later than December 1 of the year preceding the year for which
the application applies.
(Source: P.A. 96-1420, eff. 8-3-10.)