Rep. Angelo Saviano

Filed: 3/5/2012

 

 


 

 


 
09700HB5033ham001LRB097 18780 PJG 66667 a

1
AMENDMENT TO HOUSE BILL 5033

2    AMENDMENT NO. ______. Amend House Bill 5033 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Currency Exchange Act is amended by
5changing Sections 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

 

 

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1additional service to the public. Any approval under this
2Section shall be deemed an approval for all currency exchanges.
3Any currency exchange wishing to provide an additional service
4as approved by the Secretary must provide notice to the
5Secretary 30 days prior to offering the approved additional
6service to the public. The Secretary may charge an additional
7service investigation fee of $500 per application. Upon receipt
8of an application, the Secretary shall examine the application
9for completeness and notify the applicant of any deficiency
10within 10 days after receipt. The Secretary shall approve or
11deny every application within 45 days after the filing of a
12complete application. If the application is denied, the
13Secretary shall send by United States mail notice of the denial
14to the applicant at the address set forth in the application.
15If an application is denied, the applicant may, within 10 days
16after the date of the notice of denial, make a written request
17to the Secretary for a hearing on the application, and the
18Secretary shall set a time and place for the hearing. The
19hearing shall be set for a date after the receipt by the
20Secretary of the request for hearing, and written notice of the
21time and place of the hearing shall be mailed to the applicant
22no later than 15 days before the date of the hearing. The
23applicant shall pay the actual cost of making the transcript of
24the hearing prior to the Secretary's issuing his or her
25decision following the hearing. If, following the hearing, the
26application is denied, the Secretary shall, within 20 days

 

 

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

 

 

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1    Sec. 4. License application; contents; fees. Application
2for such license shall be in writing under oath and in the form
3prescribed and furnished by the Secretary. Each application
4shall contain the following:
5        (a) The full name and address (both of residence and
6    place of business) of the applicant, and if the applicant
7    is a partnership, limited liability company, or
8    association, of every member thereof, and the name and
9    business address if the applicant is a corporation;
10        (b) The county and municipality, with street and
11    number, if any, where the community currency exchange is to
12    be conducted, if the application is for a community
13    currency exchange license;
14        (c) If the application is for an ambulatory currency
15    exchange license, the name and address of the employer at
16    each location to be served by it; and
17        (d) The applicant's occupation or profession; a
18    detailed statement of his business experience for the 10
19    years immediately preceding his application; a detailed
20    statement of his finances; his present or previous
21    connection with any other currency exchange; whether he has
22    ever been involved in any civil or criminal litigation, and
23    the material facts pertaining thereto; whether he has ever
24    been committed to any penal institution or admitted to an
25    institution for the care and treatment of mentally ill
26    persons; and the nature of applicant's occupancy of the

 

 

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1    premises to be licensed where the application is for a
2    community currency exchange license. If the applicant is a
3    partnership, the information specified herein shall be
4    required of each partner. If the applicant is a
5    corporation, the said information shall be required of each
6    officer, director and stockholder thereof along with
7    disclosure of their ownership interests. If the applicant
8    is a limited liability company, the information required by
9    this Section shall be provided with respect to each member
10    and manager along with disclosure of their ownership
11    interests.
12    A community currency exchange license application shall be
13accompanied by a fee of $500, prior to January 1, 2012. After
14January 1, 2012 the fee shall be $750. After January 1, 2014
15the fee shall be $1,000. for the cost of investigating the
16applicant. If the ownership of a licensee changes, in whole or
17in part, a new application must be filed pursuant to this
18Section along with a $500 fee if the licensee's ownership
19interests have been transferred or sold to a new person or
20entity or a fee of $300 if the licensee's ownership interests
21have been transferred or sold to a current holder or holders of
22the licensee's ownership interests. When the application for a
23community currency exchange license has been approved by the
24Secretary and the applicant so advised, an additional sum of
25$400 as an annual license fee for a period terminating on the
26last day of the current calendar year shall be paid to the

 

 

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1Secretary by the applicant; provided, that the license fee for
2an applicant applying for such a license after July 1st of any
3year shall be $200 for the balance of such year. Upon receipt
4of a community currency exchange license application, the
5Secretary shall examine the application for completeness and
6notify the applicant of any deficiency within 10 days after
7receipt. The Secretary shall approve or deny every application
8within 45 days after the filing of a complete application. If
9the application is denied, the Secretary shall send by United
10States mail notice of the denial to the applicant at the
11address set forth in the application. If an application is
12denied, the applicant may, within 10 days after the date of the
13notice of denial, make a written request to the Secretary for a
14hearing on the application, and the Secretary shall set a time
15and place for the hearing. The hearing shall be set for a date
16after the receipt by the Secretary of the request for hearing,
17and written notice of the time and place of the hearing shall
18be mailed to the applicant no later than 15 days before the
19date of the hearing. The applicant shall pay the actual cost of
20making the transcript of the hearing prior to the Secretary's
21issuing his or her decision following the hearing. If,
22following the hearing, the application is denied, the Secretary
23shall, within 20 days thereafter, prepare and keep on file in
24his or her office a written order of the denial, which shall
25contain his or her findings and the reasons supporting the
26denial, and shall send by United States mail a copy of the

 

 

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1written order of denial to the applicant at the address set
2forth in the application, within 5 days after the filing of the
3order. The Secretary's decision may be subject to review as
4provided in Section 22.01 of this Act.
5    An application for an ambulatory currency exchange license
6shall be accompanied by a fee of $100, which fee shall be for
7the cost of investigating the applicant. An approved applicant
8shall not be required to pay the initial investigation fee of
9$100 more than once. When the application for an ambulatory
10currency exchange license has been approved by the Secretary,
11and such applicant so advised, such applicant shall pay an
12annual license fee of $25 for each and every location to be
13served by such applicant; provided that such license fee for an
14approved applicant applying for such a license after July 1st
15of any year shall be $12 for the balance of such year for each
16and every location to be served by such applicant. Such an
17approved applicant for an ambulatory currency exchange
18license, when applying for a license with respect to a
19particular location, shall file with the Secretary, at the time
20of filing an application, a letter of memorandum, which shall
21be in writing and under oath, signed by the owner or authorized
22representative of the business whose employees are to be
23served; such letter or memorandum shall contain a statement
24that such service is desired, and that the person signing the
25same is authorized so to do. The Secretary shall thereupon
26verify the authenticity of the letter or memorandum and the

 

 

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1authority of the person who executed it, to do so.
2(Source: P.A. 97-315, eff. 1-1-12.)
 
3    Section 99. Effective date. This Act takes effect upon
4becoming law.".