Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 1019 - REMITTANCE AGENTS
Section 1019.30 - Suspension and Revocation of Remittance Agents' Licenses
Current through Register Vol. 48, No. 12, March 22, 2024
a) Pursuant to IVC Section 3-907, the Department shall suspend a person's remittance agent's license under the following circumstances:
b) The suspension shall remain in effect for 30 days during which an audit shall be conducted to determine compliance with IVC Section 3-900. If he/she has come into compliance, his/her remittance agent's license shall be restored. If the remittance agent has not come into compliance, he/she shall have his/her remittance agent privileges revoked.
c) A person shall have his/her remittance agent's license revoked under the following circumstances:
d) The Department shall consider written complaints (i.e., family, friends, neighbors, business associates, customers, other agencies, and auditors from the Department of Accounting Revenue) in determining whether a remittance agent's license shall be suspended or revoked. Upon receipt of a complaint, the Department of Police within the Office of the Secretary of State shall investigate the matter to determine if a basis exists under this Section for a suspension or revocation.
e) A revocation shall be for at least one year. The remittance agent shall be notified by certified mail that his/her license to operate as a remittance agent is going to be revoked. The notice shall contain the effective date of the revocation, the violation that is the cause of the revocation, and how he/she can contest the revocation. The remittance agent shall be given 10 days from the date of the notice before the revocation will become effective. In order to be reinstated following a revocation, the person shall request an administrative hearing as provided in 92 Ill. Adm. Code Ch. II. The person's remittance agent license shall not be restored until the Secretary is satisfied that he/she will comply with the provisions of the Illinois Vehicle Title & Registration Law [ 625 ILCS 5 /Ch. 3, Art. IX] and is of good business integrity.
f) If a person wishes to contest the suspension or revocation of his/her remittance agent's license, he/she shall request an administrative hearing pursuant to IVC Section 3-907 and 92 Ill. Adm. Code 1001.