TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 110 CONSUMER INSTALLMENT LOAN ACT
SECTION 110.200 OTHER BUSINESS


 

Section 110.200  Other Business

 

Unless otherwise authorized by the Act, no other business may be conducted at the licensed location unless authorized in writing by the Director.  The Director's authorization will be predicated upon the licensee's agreeing to the following:

 

a)         That the authorization will not conceal nor facilitate concealment of an evasion of the Act;

 

b)         To comply with any State or federal statute or regulation;

 

c)         To obtain any license or registration required by a federal, State or local government agency to engage in the other business authorized;

 

d)         That the Division may examine all records and investigate any or all transactions of the licensee;

 

e)         The Director retains the right, upon notice and opportunity to be heard, to alter, amend or revoke another business authorization;

 

f)         That, if any federal or State statute or regulation enacted after the authorization prohibits the activity, the authorization shall become null and void immediately;

 

g)         At the time of making the request for the authorization, the licensee shall pay to the Director a nonrefundable Other Business Authorization Request fee of $100;

 

h)         At the time of renewing the annual license, the licensee shall pay to the Director the sum of $25 as a renewal fee for each Other Business Authorization.  Regardless of the number of licensed locations, only one fee per Other Business Authorization is required to be remitted.

 

(Source:  Amended at 35 Ill. Reg. 7319, effective April 21, 2011)