Illinois Compiled Statutes 205 ILCS 660/3 – No person may engage in the business of a sales finance agency in …
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Terms Used In Illinois Compiled Statutes 205 ILCS 660/3
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
No person may engage in the business of a sales finance agency in this State without first obtaining a license as provided in this Act. A licensee under the Consumer Installment Loan Act may engage in the business of a sales finance agency without securing a license under this Act. A Consumer Installment Loan Act licensee engaged in the business of a sales finance agency is required to comply with this Act and violations of this Act may result in penalties, revocation of the licensee’s authority to engage in sales finance agency activity, or revocation or suspension of the Consumer Installment Loan Act license.