Illinois Compiled Statutes 20 ILCS 1205/6 – General powers and duties
Current as of: 2024 | Check for updates
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In addition to the powers and duties provided by law and imposed elsewhere in this Act, the Division has the following powers and duties:
(1) To administer and enforce the Consumer
(1) To administer and enforce the Consumer
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Installment Loan Act and its implementing rules.
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(2) To administer and enforce the Currency Exchange
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Act and its implementing rules.
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(3) To administer and enforce the Debt Management
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Service Act and its implementing rules.
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(4) To administer and enforce the Debt Settlement
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Consumer Protection Act and its implementing rules.
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(5) To administer and enforce the Illinois
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Development Credit Corporation Act and its implementing rules.
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(6) To administer and enforce the Payday Loan Reform
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Act and its implementing rules.
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(7) To administer and enforce the Safety Deposit
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License Act and its implementing rules.
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(8) To administer and enforce the Sales Finance
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Agency Act and its implementing rules.
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(9) To administer and enforce the Title Insurance
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Act and its implementing rules.
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(10) To administer and enforce the Transmitters of
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Money Act and its implementing rules.
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(11) To administer and enforce the Predatory Loan
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Prevention Act and its implementing rules.
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(12) To administer and enforce the Motor Vehicle
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Retail Installment Sales Act and its implementing rules.
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(13) To administer and enforce the Retail
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Installment Sales Act and its implementing rules.
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(14) To administer and enforce the Illinois Credit
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Union Act and its implementing rules.
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(15) To administer and enforce the Collection
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Agency Act and its implementing rules.
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(16) To administer and enforce any other Act
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administered by the Director or Division.
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(17) If the Division is authorized or required by
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law to consider some aspect of criminal history record information for the purpose of carrying out its statutory powers and responsibilities, to obtain from the Illinois State Police, upon request and payment of the fees required by the Illinois State Police Law of the Civil Administrative Code of Illinois, pursuant to positive identification, such information contained in State files as is necessary to carry out the duties of the Division.
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(18) To authorize and administer examinations to
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ascertain the qualifications of applicants and licensees for which the examination is held.
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(19) To conduct hearings in proceedings to revoke,
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suspend, refuse to renew, or take other disciplinary action regarding licenses, charters, certifications, registrations, or authorities of persons as authorized in any Act administered by the Division.
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Terms Used In Illinois Compiled Statutes 20 ILCS 1205/6
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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