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Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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225 ILCS 425/5

    (225 ILCS 425/5) (from Ch. 111, par. 2008)
    (Text of Section before amendment by P.A. 102-975)
    (Section scheduled to be repealed on January 1, 2026)
    Sec. 5. Application for original license. Application for an original license shall be made to the Secretary on forms provided by the Department or through a multi-state licensing system as designated by the Secretary, shall be accompanied by the required fee and shall state:
        (1) the applicant's name and address;
        (2) the names and addresses of the officers of the
    
collection agency and, if the collection agency is a corporation, the names and addresses of all persons owning 10% or more of the stock of such corporation, if the collection agency is a partnership, the names and addresses of all partners of the partnership holding a 10% or more interest in the partnership, if the collection agency is a limited liability company, the names and addresses of all members holding 10% or more interest in the limited liability company, and if the collection agency is any other legal business entity, the names and addresses of all persons owning 10% or more interest in the entity; and
        (3) such other information as the Department may deem
    
necessary.
(Source: P.A. 99-227, eff. 8-3-15; 100-132, eff. 8-18-17.)
 
    (Text of Section after amendment by P.A. 102-975)
    (Section scheduled to be repealed on January 1, 2026)
    Sec. 5. Application for original license. Application for an original license shall be made to the Secretary on forms provided by the Department or through a multi-state licensing system as designated by the Secretary. The application shall be accompanied by the required fee and shall state:
        (1) the applicant's name and address;
        (2) the names and addresses of the officers of the
    
collection agency and, if the collection agency is a corporation, the names and addresses of all persons owning 10% or more of the stock of such corporation, if the collection agency is a partnership, the names and addresses of all partners of the partnership holding a 10% or more interest in the partnership, if the collection agency is a limited liability company, the names and addresses of all members holding 10% or more interest in the limited liability company, and if the collection agency is any other legal business entity, the names and addresses of all persons owning 10% or more interest in the entity; and
        (3) such other information as the Department may deem
    
necessary.
(Source: P.A. 102-975, eff. 1-1-23.)