TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 210 PAYDAY LOAN REFORM ACT
SECTION 210.16 DUAL LICENSURE LIMITATION
Section 210.16 Dual Licensure Limitation
In accordance with Section 3-5(g) of the Act, a licensee may obtain a license under the Consumer Installment Loan Act (CILA) for the exclusive purpose and use of making title secured loans, as defined in Section 15(a) of CILA and governed by 38 Ill. Adm. Code 110.300.
(Source: Amended at 46 Ill. Reg. 6550, effective August 1, 2022)