Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 110 - CONSUMER INSTALLMENT LOAN ACT
Subpart A - GENERAL PROVISIONS
Section 110.235 - Relocation
Universal Citation: 38 IL Admin Code ยง 110.235
Current through Register Vol. 48, No. 12, March 22, 2024
a) Whenever a licensee desires to change the licensed place of business to a location other than that set forth in the license and the proposed site is 15 miles or less from the current location, the licensee shall provide the Director with the following at least ten days prior to the relocation in the format prescribed by the Director:
1) A written notice providing
the complete address of the new location;
2) Photographs of both the exterior and
interior of the new location;
3) A
written sworn statement that the new location will not share the premises with
that of another business and the exact distance in miles between the existing
location and new location; and
4) A
relocation fee of $500.
b) A relocation in excess of 15 miles requires the prior approval of the Director in addition to the information required in subsection (a).
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