Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 210 - PAYDAY LOAN REFORM ACT
Section 210.150 - Other Business
Current through Register Vol. 47, No. 52, December 29, 2023
No other business, except one licensed by the Department, may be conducted within any office suite, room or place of business in which any other businessis solicited or engaged in unless authorized in writing by the licensed location unless authorized in writing by the Director. [815 ILCS 122/3-5(g) ] If written authorization is required pursuant to Section 3-5(g) of the Act, the Director's authorization will be predicated upon the licensee agreeing to the following:
a) That the authorization will not conceal nor facilitate concealment of an evasion of the Act;
b) To comply with any State or federal statute or regulation;
c) To obtain any license or registration required by a federal, State or local government agency to engage in the other business authorized;
d) That the Division may examine all records and investigate any or all transactions of the licensee;
e) The Director retains the right, upon notice and opportunity to be heard, to alter, amend or revoke an other business authorization;
f) That, if any federal or State statute or regulation, regardless of when enacted, prohibits the activity, the authorization shall become null and void immediately;
g) At the time of making a request, the licensee shall pay to the Director a nonrefundable other business authorization request fee of $100;
h) At the time of renewing the annual license, the licensee shall pay to the Director the sum of $25 for each other business authorization. Regardless of the number of licensed locations, only one fee per other business authorization is required.
