HB5033 EngrossedLRB097 18780 PJG 64016 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Currency Exchange Act is amended by changing
5Sections 3.3 and 4 as follows:
 
6    (205 ILCS 405/3.3)  (from Ch. 17, par. 4807)
7    Sec. 3.3. Additional public services.
8    (a) Nothing in this Act shall prevent the Secretary from
9authorizing a currency exchange, group of currency exchanges,
10or association of currency exchanges to render additional
11services to the public if the services are consistent with the
12provisions of this Act, are within its meaning, are in the best
13interest of the public, and benefit the general welfare. A
14currency exchange, group of currency exchanges, or association
15of currency exchanges must request, in writing, the Secretary's
16approval of the additional service prior to rendering such
17additional service to the public. Any approval under this
18Section shall be deemed an approval for all currency exchanges.
19Any currency exchange wishing to provide an additional service
20as approved by the Secretary must provide notice to the
21Secretary 30 days prior to offering the approved additional
22service to the public. The Secretary may charge an additional
23service investigation fee of $500 per application. Upon receipt

 

 

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1of an application, the Secretary shall examine the application
2for completeness and notify the applicant of any deficiency
3within 10 days after receipt. The Secretary shall approve or
4deny every application within 45 days after the filing of a
5complete application. If the application is denied, the
6Secretary shall send by United States mail notice of the denial
7to the applicant at the address set forth in the application.
8If an application is denied, the applicant may, within 10 days
9after the date of the notice of denial, make a written request
10to the Secretary for a hearing on the application, and the
11Secretary shall set a time and place for the hearing. The
12hearing shall be set for a date after the receipt by the
13Secretary of the request for hearing, and written notice of the
14time and place of the hearing shall be mailed to the applicant
15no later than 15 days before the date of the hearing. The
16applicant shall pay the actual cost of making the transcript of
17the hearing prior to the Secretary's issuing his or her
18decision following the hearing. If, following the hearing, the
19application is denied, the Secretary shall, within 20 days
20thereafter, prepare and keep on file in his or her office a
21written order of the denial, which shall contain his or her
22findings and the reasons supporting the denial, and shall send
23by United States mail a copy of the written order of denial to
24the applicant at the address set forth in the application,
25within 5 days after the filing of the order. The Secretary's
26decision may be subject to review as provided in Section 22.01

 

 

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1of this Act. The Secretary may, at his or her discretion, after
2a public hearing held at least 30 days after the giving of
3written notice to the affected currency exchange, revoke any
4authorization under this Section after giving on 60 days' days
5written notice to the affected currency exchange. If a
6previously granted application is revoked after a public
7hearing, the Secretary shall, within 20 days thereafter,
8prepare and keep on file in his or her office a written order
9of revocation, which shall contain his or her findings and the
10reasons supporting the revocation, and shall send by United
11States mail a copy of the written order of revocation to the
12applicant at the address set forth in the application, within 5
13days after the filing of the order. The Secretary's decision
14may be subject to review as provided in Section 22.01 of this
15Act.
16    (b) (Blank).
17(Source: P.A. 97-315, eff. 1-1-12.)
 
18    (205 ILCS 405/4)  (from Ch. 17, par. 4808)
19    Sec. 4. License application; contents; fees. Application
20for such license shall be in writing under oath and in the form
21prescribed and furnished by the Secretary. Each application
22shall contain the following:
23        (a) The full name and address (both of residence and
24    place of business) of the applicant, and if the applicant
25    is a partnership, limited liability company, or

 

 

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1    association, of every member thereof, and the name and
2    business address if the applicant is a corporation;
3        (b) The county and municipality, with street and
4    number, if any, where the community currency exchange is to
5    be conducted, if the application is for a community
6    currency exchange license;
7        (c) If the application is for an ambulatory currency
8    exchange license, the name and address of the employer at
9    each location to be served by it; and
10        (d) The applicant's occupation or profession; a
11    detailed statement of his business experience for the 10
12    years immediately preceding his application; a detailed
13    statement of his finances; his present or previous
14    connection with any other currency exchange; whether he has
15    ever been involved in any civil or criminal litigation, and
16    the material facts pertaining thereto; whether he has ever
17    been committed to any penal institution or admitted to an
18    institution for the care and treatment of mentally ill
19    persons; and the nature of applicant's occupancy of the
20    premises to be licensed where the application is for a
21    community currency exchange license. If the applicant is a
22    partnership, the information specified herein shall be
23    required of each partner. If the applicant is a
24    corporation, the said information shall be required of each
25    officer, director and stockholder thereof along with
26    disclosure of their ownership interests. If the applicant

 

 

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1    is a limited liability company, the information required by
2    this Section shall be provided with respect to each member
3    and manager along with disclosure of their ownership
4    interests.
5    A community currency exchange license application shall be
6accompanied by a fee of $500, prior to January 1, 2012. After
7January 1, 2012 the fee shall be $750. After January 1, 2014
8the fee shall be $1,000. for the cost of investigating the
9applicant. If the ownership of a licensee changes, in whole or
10in part, a new application must be filed pursuant to this
11Section along with a $500 fee if the licensee's ownership
12interests have been transferred or sold to a new person or
13entity or a fee of $300 if the licensee's ownership interests
14have been transferred or sold to a current holder or holders of
15the licensee's ownership interests. When the application for a
16community currency exchange license has been approved by the
17Secretary and the applicant so advised, an additional sum of
18$400 as an annual license fee for a period terminating on the
19last day of the current calendar year shall be paid to the
20Secretary by the applicant; provided, that the license fee for
21an applicant applying for such a license after July 1st of any
22year shall be $200 for the balance of such year. Upon receipt
23of a community currency exchange license application, the
24Secretary shall examine the application for completeness and
25notify the applicant of any deficiency within 10 days after
26receipt. The Secretary shall approve or deny every application

 

 

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1within 45 days after the filing of a complete application. If
2the application is denied, the Secretary shall send by United
3States mail notice of the denial to the applicant at the
4address set forth in the application. If an application is
5denied, the applicant may, within 10 days after the date of the
6notice of denial, make a written request to the Secretary for a
7hearing on the application, and the Secretary shall set a time
8and place for the hearing. The hearing shall be set for a date
9after the receipt by the Secretary of the request for hearing,
10and written notice of the time and place of the hearing shall
11be mailed to the applicant no later than 15 days before the
12date of the hearing. The applicant shall pay the actual cost of
13making the transcript of the hearing prior to the Secretary's
14issuing his or her decision following the hearing. If,
15following the hearing, the application is denied, the Secretary
16shall, within 20 days thereafter, prepare and keep on file in
17his or her office a written order of the denial, which shall
18contain his or her findings and the reasons supporting the
19denial, and shall send by United States mail a copy of the
20written order of denial to the applicant at the address set
21forth in the application, within 5 days after the filing of the
22order. The Secretary's decision may be subject to review as
23provided in Section 22.01 of this Act.
24    An application for an ambulatory currency exchange license
25shall be accompanied by a fee of $100, which fee shall be for
26the cost of investigating the applicant. An approved applicant

 

 

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1shall not be required to pay the initial investigation fee of
2$100 more than once. When the application for an ambulatory
3currency exchange license has been approved by the Secretary,
4and such applicant so advised, such applicant shall pay an
5annual license fee of $25 for each and every location to be
6served by such applicant; provided that such license fee for an
7approved applicant applying for such a license after July 1st
8of any year shall be $12 for the balance of such year for each
9and every location to be served by such applicant. Such an
10approved applicant for an ambulatory currency exchange
11license, when applying for a license with respect to a
12particular location, shall file with the Secretary, at the time
13of filing an application, a letter of memorandum, which shall
14be in writing and under oath, signed by the owner or authorized
15representative of the business whose employees are to be
16served; such letter or memorandum shall contain a statement
17that such service is desired, and that the person signing the
18same is authorized so to do. The Secretary shall thereupon
19verify the authenticity of the letter or memorandum and the
20authority of the person who executed it, to do so.
21(Source: P.A. 97-315, eff. 1-1-12.)
 
22    Section 99. Effective date. This Act takes effect upon
23becoming law.