TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 110 CONSUMER INSTALLMENT LOAN ACT
SECTION 110.250 LIMITED PURPOSE BRANCH


 

Section 110.250  Limited Purpose Branch

 

A licensee applying for a limited purpose branch shall submit to the Division the following:

 

a)         A written application in the form prescribed by the Director.

 

b)         Fee as prescribed by the Act.

 

c)         Photograph of proposed site and a description of the location, including any other business conducted there.

 

d)         Written statements:

 

1)         that no other activity shall be conducted at the site, including but not limited to accepting payments, servicing the accounts, or collections; and

 

2)         that the proposed site shall not be within 1,000 feet of a facility operated by an inter-track wagering licensee or an organization licensee subject to the Illinois Horse Racing Act of 1975, or riverboat subject to the Riverboat Gambling Act, or within 1,000 feet of the location at which the riverboat docks.

 

e)         Any additional information that the Director may require.

 

(Source:  Amended at 30 Ill. Reg. 12558, effective July 7, 2006)