Refusal to issue license

815 ILCS 124/9, under Buy-Now-Pay-Later Loan Consumer Protection Act.

815 ILCS 124/9

(815 ILCS 124/9)

    Sec. 9. Refusal to issue license. The Secretary may refuse to issue or renew a license if the Secretary determines that:         (a) the applicant has not complied with a provision     of this Act, rule adopted under this Act, or other laws that apply to the applicant;         (b) there is substantial continuity between the     applicant and any violator of this Act, rule adopted under this Act, or other laws that apply to the applicant or related violator; and         (c) the applicant or its owners, officers, or     directors do not have the financial responsibility, financial condition, business experience, character, and general fitness to justify the confidence of the public and that the license applicant and its owners, officers, and directors are not fit, willing, and able to carry on the proposed business in a lawful and fair manner. (Source: P.A. 104-475, eff. 6-25-26.)