The Department shall exercise the powers and duties prescribed by the Financial Institutions Code for the administration of licensing Acts and shall exercise such other powers and duties necessary for effectuating the purposes of this Act.
     Subject to the provisions of this Act, the Department may:

Terms Used In Illinois Compiled Statutes 205 ILCS 740/13.2

  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • 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

         (1) Conduct hearings on proceedings to refuse to
    
issue or renew or to revoke licenses or suspend, place on probation, or reprimand persons licensed under this Act.
        (2) To adopt rules consistent with the purposes of
    
this Act, including, but not limited to: (i) rules in connection with the activities of collection agencies as may be necessary and appropriate for the protection of consumers in this State; (ii) rules as may be necessary and appropriate to define and enforce against improper or fraudulent business practices in connection with the activities of collection agencies; (iii) rules that define the terms used in this Act and as may be necessary and appropriate to interpret and implement the provisions of this Act; and (iv) rules as may be necessary for the enforcement of this Act.
        (3) Obtain written recommendations from the Board
    
regarding standards of professional conduct, formal disciplinary actions and the formulation of rules affecting these matters. Notice of proposed rulemaking shall be transmitted to the Board and the Department shall review the response of the Board and any recommendations made in the response. The Department may solicit the advice of the Board on any matter relating to the administration and enforcement of this Act.
        (4) (Blank).
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