Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 210 - PAYDAY LOAN REFORM ACT
Section 210.180 - Relocation
Universal Citation: 38 IL Admin Code ยง 210.180
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 Division with the following at least 10 days prior to the relocation:
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;
4) A relocation fee of
$300; and
5) The original license
for endorsement.
b) A relocation in excess of 15 miles requires the prior approval of the Director in addition to the information required in subsection (a) of this Section.
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