Section 360.840  Closure of an Approved Program

The following procedures shall be followed for closure of an approved Responsible Pawnbroker Training vendor and removal from the approved list.  The vendor shall:

a)         Notify the Department, in writing, postmarked or emailed at least 30 calendar days in advance of the closing date.

b)         Notify the individuals who have completed or are in the process of completing the program of the closure at least 15 calendar days in advance of the closing date and of the location where completion records will be maintained for at least three years from the closing date.

c)         Stop enrolling individuals immediately and provide refunds in the full amount of the program's fee to individuals who will be unable to complete the program.

d)         Notify the Department in writing the names of the persons responsible for the maintenance of records for at least three years from the date of closure.

(Source:  Added at 49 Ill. Reg. 14602, effective October 29, 2025)