Illinois § 5-1 Scope; number of pawnbroker licenses

Illinois Statutes

§ 5-1 — Scope; number of pawnbroker licenses

Illinois § 5-1

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 511/Pawnbroker Regulation Act of 2023.

This text of Illinois § 5-1 (Scope; number of pawnbroker licenses) 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

205 Ill. Comp. Stat. 5-1 (2026).

Text

(a)It is unlawful for any person to operate as a pawnbroker in Illinois except as authorized by this Act and without first having obtained a license in accordance with this Act.

(b)The business of a pawnbroker does not include advances of money secured by a deposit or pledge of title to personal property or motor vehicles.

(c)There shall not be more than 250 active pawnbroker licenses at any one time within the State of Illinois. There shall not be more than 150 active pawnbroker licenses issued for the counties of Cook, DuPage, Kane, Lake, McHenry, and Will at any one time.

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(a) It is unlawful for any person to operate as a pawnbroker in Illinois except as authorized by this Act and without first having obtained a license in accordance with this Act. (b) The business of a pawnbroker does not include advances of money secured by a deposit or pledge of title to personal property or motor vehicles. (c) There shall not be more than 250 active pawnbroker licenses at any one time within the State of Illinois. There shall not be more than 150 active pawnbroker licenses issued for the counties of Cook, DuPage, Kane, Lake, McHenry, and Will at any one time.