Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 360 - LICENSING AND REGULATION OF PAWNBROKERS
Subpart G - RULES AND PROCEDURES APPLICABLE TO PROCEEDINGS FOR REVOCATION OR SUSPENSION OF LICENSE
Section 360.620 - Grounds for Revocation of License

Universal Citation: 38 IL Admin Code ยง 360.620

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

The following are grounds for revocation of license pursuant to Section 0.05(a)(10) of the Act:

a) a licensee has been convicted of a felony in connection with the operations of a pawnshop;

b) a licensee knowingly or recklessly violates, or has continuously violated, the Act or State or federal law or regulation, a rule promulgated in accordance with the Act, or any order of the Secretary;

c) a fact or condition exists that, if it had existed or had been known at the time of the original application, would have justified license refusal;

d) the licensee knowingly submits materially false or misleading documents with the intent to deceive the Secretary or any other party; or

e) the licensee is unable or ceases to continue to operate the pawnshop.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.