TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 205 TRANSMITTERS OF MONEY ACT
SECTION 205.5 DEFINITIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 205 TRANSMITTERS OF MONEY ACT
SECTION 205.5 DEFINITIONS
Section 205.5 Definitions
"Authorized delegate" means a person a licensee designates to engage in money transmission on behalf of the licensee. [205 ILCS 658/2-1] The term "authorized delegate" includes an authorized seller pursuant to the Transmitters of Money Act.
"Secretary" means the Secretary of the Department of Financial and Professional Regulation, the acting Secretary, or a person authorized by the Secretary. [205 ILCS 658/2-1]
(Source: Added at 48 Ill. Reg. 17546, effective November 20, 2024)