Illinois Statutes
§ 20-60 — Hearings
Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 731/ Digital Assets and Consumer Protection Act.·Art. Article 20 - Supervision
(a)Except as provided in subsection (b), the Department may take an enforcement action only after notice and opportunity for a hearing as appropriate in the circumstances. All hearings provided for in this Act shall be conducted in accordance with Title 38, Part 100 of the Illinois Administrative Code, and the Secretary shall have all the powers granted therein.
(b)(1)(A) The Department may take an enforcement action, other than the imposition of a civil penalty under Section 20-70, without notice if the circumstances require action before notice can be given.
(B)A person subject to an enforcement action pursuant to this subsection shall have the right to an expedited post-action hearing by the Department unless the person has waived the hearing.
(2)(A) The Department may take an enforce
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Legislative History
(Source: P.A. 104-428, eff. 8-18-25.)
Nearby Sections
15
§ 20-10
Examination§ 20-15
Books and records§ 20-20
Regulatory cooperation§ 20-25
Material business changes§ 20-30
Change in control§ 20-35
Mergers§ 20-40
Investigation of complaints§ 20-5
§ 20-5§ 20-50
Enforcement actions§ 20-55
Violations§ 20-60
Hearings§ 20-65
Hearing rules§ 20-70
Civil penalties