Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 120 - CURRENCY EXCHANGE ACT
Section 120.270 - Fines, Suspension, or Revocation of License
Current through Register Vol. 48, No. 12, March 22, 2024
a) The Director may impose any of the sanctions authorized by Section 15 of the Act if the Division finds that any community or ambulatory currency exchange has violated any of the requirements of the Act or this Part.
b) Violations
When any licensee violates any Section of the Act or this Part, the Department, except as allowed under subsection (c), will take the following steps to assess remedial action:
c) Corrective Action
d) Notwithstanding the provisions of subsections (b) and (c), if it is determined that the Secretary has the authority to suspend or revoke a license pursuant to Section 15 of the Act, he or she may issue orders as may be reasonably necessary to correct, eliminate or remedy the situation.