093_HB1973

 
                                     LRB093 08943 JLS 09175 b

 1        AN ACT concerning debt management services.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Debt Management Service Act is amended by
 5    changing Section 3 as follows:

 6        (205 ILCS 665/3) (from Ch. 17, par. 5303)
 7        Sec.  3.  Requirement of license. It is shall be unlawful
 8    for any person to operate a debt management service or engage
 9    in that business as herein defined except  as  authorized  by
10    this  Act  and  without  first  having  obtained a license as
11    hereinafter provided.
12    (Source: P.A. 90-545, eff. 1-1-98.)