Section 360.130  Standards for Licensure

a)         Unless otherwise authorized by the Secretary, in order to be eligible for a license to operate a pawnshop, each applicant and principal party must:

1)         if an individual, be 18 years of age or older;

2)         not have been convicted of a felony or of any criminal offense relating to dishonesty or breach of trust, subject to subsection (b);

3)         possess the financial responsibility, experience, character and general fitness necessary to command the confidence of the community and to warrant belief that the business will be operated honestly, fairly, and efficiently within the purpose of the Act.

b)         In determining whether to grant a license, the Secretary shall consider the nature of the offense, the amount of time since the conviction, and any other mitigating factors the Secretary may deem appropriate with regards to an applicant or principal party who has been convicted of a felony or any criminal offense relating to dishonesty or breach of trust.

(Source:  Amended at 49 Ill. Reg. 14602, effective October 29, 2025)