Illinois Compiled Statutes - Full Text

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Illinois Compiled Statutes - Full Text

Illinois Compiled Statutes (ILCS)

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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205 ILCS 740/13.2

    (205 ILCS 740/13.2) (was 225 ILCS 425/13.2)
    Sec. 13.2. Powers and duties of Department. The Department shall exercise the powers and duties prescribed by the Financial Institutions Act for the administration of licensing Acts and shall exercise such other powers and duties necessary for effectuating the purposes of this Act.
    Subject to the provisions of this Act, the Department may:
        (1) Conduct hearings on proceedings to refuse to
    
issue or renew or to revoke licenses or suspend, place on probation, or reprimand persons licensed under this Act.
        (2) To adopt rules consistent with the purposes of
    
this Act, including, but not limited to: (i) rules in connection with the activities of collection agencies as may be necessary and appropriate for the protection of consumers in this State; (ii) rules as may be necessary and appropriate to define and enforce against improper or fraudulent business practices in connection with the activities of collection agencies; (iii) rules that define the terms used in this Act and as may be necessary and appropriate to interpret and implement the provisions of this Act; and (iv) rules as may be necessary for the enforcement of this Act.
        (4) (Blank).
(Source: P.A. 103-1014, eff. 8-9-24; 104-149, eff. 1-1-26.)