(205 ILCS 405/2)
(from Ch. 17, par. 4803)
License required; violation; injunction.
No person, firm,
association, partnership, limited liability
or corporation shall
engage in the business of a community currency exchange or in the business
of an ambulatory currency exchange without first securing a license to do
so from the Secretary.
Any licensee shall have authority to operate one or more
community currency exchanges or ambulatory currency exchanges, as defined
in Section 1 of this Act.
Any licensee licensed as and engaged in the business of a community currency
exchange shall at a minimum offer the service of cashing checks, or drafts,
or money orders, or any other evidences of money acceptable to such currency exchange.
No ambulatory currency exchange and no community currency exchange shall
be conducted on any street, sidewalk or highway used by the public, and no
license shall be issued therefor. An ambulatory currency exchange shall be
required to and shall secure a license or licenses for the conduct of its
business at each and every location served by it, as provided in Section 4
hereof, whether the services at any such location are rendered for or
without a fee, service charge or other consideration. Each plant or
establishment is deemed a separate location. No license issued for the
conduct of its business at one location shall authorize the conduct of its
business at any other location, nor shall any license authorize the
rendering of services by an ambulatory currency exchange to persons other
than the employees of the employer named therein. If the employer named in
such license shall move his business from the address therein set forth,
such license shall thereupon expire, unless the Secretary has approved a
change of address for such location, as provided in Section 13.
Any person, firm, association, partnership, limited liability company, or
corporation that violates
this Section shall be guilty of a Class A misdemeanor, and the Attorney
General or the State's Attorney of the county in which the violation occurs
shall file a complaint in the Circuit Court of the county to restrain the
(Source: P.A. 99-445, eff. 1-1-16