§ 1 Declaration of policy
§ 1.5 Purpose and construction
§ 2 Definitions
§ 3 Requirement of license
§ 4 Application for license
§ 5 Qualifications for license
§ 6 Renewal of license
§ 7 License, display and location
§ 8.5 Temporary location
§ 9 Denial of license
§ 10 Revocation, suspension, or refusal to renew license
§ 11 Contracts, books, records and contract cancellation
§ 11.5 Examination of debt management service provider
§ 12 Fees and charges of debt management service providers
§ 12.1 All moneys received by the Department of Financial Institutions under …
§ 13 Prohibitions
§ 14 Trust funds; requirements and restrictions
§ 15 Rules.) The Secretary shall make and enforce all reasonable rules as …
§ 16 Penalties
§ 16.5 Additional liability for unlicensed activity
§ 16.6 Debt Management Service Consumer Protection Fund
§ 17 Injunction
§ 18 Review
§ 19 If any clause, sentence, section, provision or part of this Act shall …
§ 20 Cease and desist orders
§ 20.5 Receivership
§ 21 Effective date
§ 22 Title of Act

Terms Used In Illinois Compiled Statutes > 205 ILCS 665

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Felony: A crime carrying a penalty of more than a year in prison.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • Personal property: All property that is not real property.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • sworn: shall be construed to include the word "affirmed. See Illinois Compiled Statutes 5 ILCS 70/1.12
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC