Illinois Statutes

§ 5-20 — Pawnbroker license application and issuance

Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 511/ Pawnbroker Regulation Act of 2023.
(a)Applicants for a license shall apply in a form prescribed by the Secretary. Each form shall contain content as set forth by rule, regulation, instruction, or procedure of the Department or Secretary and may be changed or updated as necessary by the Department or Secretary in order to carry out the purposes of this Act.
(b)In order to fulfill the purposes of this Act, the Secretary is authorized to establish relationships or contracts with the Nationwide Multistate Licensing System and Registry or other entities designated by the Nationwide Multistate Licensing System and Registry to collect and maintain records and process transaction fees or other fees related to licensees or other persons subject to this Act.
(c)In connection with an application for licensing, the applicant may be

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Related

§ 1681a
15 U.S.C. § 1681a

Legislative History

(Source: P.A. 103-585, eff. 3-22-24.)

Nearby Sections

15
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