Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 360 - LICENSING AND REGULATION OF PAWNBROKERS
Subpart B - PAWNSHOP LICENSE
Section 360.140 - Initial Applications for License from Persons Operating or Who Have Operated a Pawnshop for the Two Years Preceding July 1, 1998

Universal Citation: 38 IL Admin Code ยง 360.140

Current through Register Vol. 48, No. 12, March 22, 2024

a) Unless otherwise authorized by the Secretary, for persons who have operated a pawnshop at any time between July 1, 1996 through June 30, 1998, in order to be eligible for a license to operate a pawnshop, each applicant and principal party must:

1) not have been convicted of a felony or of any criminal offense relating to dishonesty or breach of trust in connection with the operations of a pawnshop;

2) provide the Secretary with satisfactory evidence (e.g., a copy of a license issued from a municipality or copy of pages from a standard record book) that business activities were being conducted within the time period stated above.

b) In determining whether to grant a license, the Secretary shall consider the nature of the offense, the amount of time since the conviction, and any other mitigating factors the Secretary may deem appropriate with regards to an applicant or principal party who has been convicted of a felony or any criminal offense relating to dishonesty or breach of trust in connection with the operations of a pawnshop.

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