§ 1 Short title
§ 5 Definitions
§ 10 License required
§ 15 Exemptions
§ 25 Application for license
§ 30 Surety bond
§ 35 Issuance of license
§ 37 Display of disclosure notice
§ 40 Renewals of license
§ 45 Fees
§ 50 Permissible investments
§ 55 Reporting; examination; investigation
§ 60 Records maintenance
§ 65 Notice of source of instrument; transaction records
§ 70 Confidentiality of data
§ 75 Authorized sellers
§ 80 Revocation or suspension of licenses
§ 85 Liability of licensees
§ 90 Enforcement
§ 92 Receivership
§ 93 Consumer Protection Fund
§ 95 Rules
§ 100 Consent to service of process
§ 105 Sale of Exchange Act; Foreign Exchange License Act; existing …
§ 900 The Foreign Exchange License Act is repealed
§ 905 The Sale of Exchange Act is repealed

Terms Used In Illinois Compiled Statutes > 205 ILCS 657 - Transmitters of Money Act

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Service of process: The service of writs or summonses to the appropriate party.
  • sworn: shall be construed to include the word "affirmed. See Illinois Compiled Statutes 5 ILCS 70/1.12
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
  • Venue: The geographical location in which a case is tried.
  • Verdict: The decision of a petit jury or a judge.