Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 140 - DEBT MANAGEMENT SERVICE ACT
Section 140.140 - Penalties
Current through Register Vol. 48, No. 12, March 22, 2024
a) The Director may penalize a licensee, or other person doing business without the required license, in an amount not exceeding $10,000 per violation, when in the opinion of the Director:
b) The Director may penalize a licensee, or other person, prior to a hearing.
c) The Director shall serve notice of this penalty, including a statement of the reasons for the penalty, either personally or by certified mail, return receipt requested. Service by mail shall be deemed completed if the notice is deposited in the U.S. mail.
d) Within 10 days after service of the notice of penalty, the licensee or licensee's representative may request, in writing, a hearing.
e) All administrative hearings shall be conducted in accordance with 38 Ill. Adm. Code 100.