Illinois Statutes
§ 18.5 — Consent orders and settlement agreements
Illinois § 18.5
JurisdictionIllinois
TopicGOVERNMENT
Ch. 20EXECUTIVE BRANCH
Act 20 ILCS 1205/Financial Institutions Act.
This text of Illinois § 18.5 (Consent orders and settlement agreements) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
20 Ill. Comp. Stat. 18.5 (2026).
Text
The Secretary may enter into a consent order or settlement agreement at any time with a regulated person to resolve a matter arising under this Act or any other Act under the jurisdiction of the Division. A consent order or settlement agreement need not constitute an admission by a regulated person that this Act or a rule or order issued or adopted under this Act or any Act under the jurisdiction of the Division has been violated, nor need it constitute a finding by the Secretary that the person has violated this Act or a rule or order adopted under this Act or any Act under the jurisdiction of the Division. Nothing in this Section shall be construed as requiring a regulated person to enter a consent order or settlement agreement with the Secretary.
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Legislative History
(Source: P.A. 103-1014, eff. 8-9-24.)
Nearby Sections
11
§ 18
Penalties§ 18.1
§ 18.1§ 18.2
§ 18.2§ 18.3
Perjury; penalty§ 18.6
(Repealed)§ 18.7
(Repealed)§ 18a-13
(Repealed)Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 18.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/20/18.5.