Chapter 205, FINANCIAL REGULATION

(205 ILCS 732/800) Sec. 800. If and only if Senate Bill 1797 of the 104th General Assembly, as amended by House Amendment No. 1, becomes law, then Sections 15, 20, 50, 55, 60, 65, 70, 75, 85, 90, 105, 115, 120, and 125 of this Act are repealed on the date that Senate Bill 1797 of…

(205 ILCS 5/81) (from Ch. 17, par. 393) Sec. 81. Board; compensation. No member of the Board, including the chairman, shall receive any compensation for services on the Board but shall be reimbursed for ordinary and necessary expenses incurred in attending meetings of the Board. …

(205 ILCS 705/82) Sec. 82. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 5/82) (from Ch. 17, par. 394) Sec. 82. Commissioner, board; civil liability. Neither the Secretary, Director of Banking, any member of the State Banking Board of Illinois, nor any examiner, assistant examiner or other employee of the Division of Banking shall be subject…

(205 ILCS 5/83) Sec. 83. Compliance review. (a) As used in this Section: "Affiliate" means a corporation whose stock is at least 80% owned by the depository institution or a corporation that directly or indirectly owns at least 80% of the depository institution. "Depository insti…

(205 ILCS 705/84) Sec. 84. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 616/85) Sec. 85. Reliance on Commissioner. No person shall be liable under this Act for any act done or omitted in good faith in conformity with any rule, interpretation, or opinion issued by the Commissioner of Banks and Real Estate, notwithstanding that after the act …

(205 ILCS 700/85) Sec. 85. (Amendatory provisions; text omitted). (Source: P.A. 89-601, eff. 8-2-96; text omitted.)

(205 ILCS 705/86) Sec. 86. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 705/88) Sec. 88. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 616/89) Sec. 89. The Electronic Fund Transfer Transmission Facility Act is repealed. (Source: P.A. 89-310, eff. 1-1-96.)

(205 ILCS 740/8a) (was 225 ILCS 425/8a) Sec. 8a. Fees. (a) The fees for the administration and enforcement of this Act, including but not limited to original licensure, renewal, and restoration, shall be set by the Department by rule. All fees are nonrefundable. (b) All fees coll…

(205 ILCS 740/8a-1) (was 225 ILCS 425/8a-1) Sec. 8a-1. (a) No account may be referred by a collection agency to an attorney unless, prior to placing an account with an attorney for further collection action, each account creditor is notified in writing by the collection agency of…

(205 ILCS 740/8b) (was 225 ILCS 425/8b) Sec. 8b. Assignment for collection. An account may be assigned to a collection agency for collection with title passing to the collection agency to enable collection of the account in the agency's name as assignee for the creditor provided:…

(205 ILCS 740/8c) (was 225 ILCS 425/8c) Sec. 8c. (a) Each licensed collection agency shall at all times maintain a separate bank account in which all monies received on debts shall be deposited, referred to as a "Trust Account", except that negotiable instruments received may be …

(205 ILCS 665/9) (from Ch. 17, par. 5309) Sec. 9. Denial of license. Any application for a license shall be approved or denied within 60 days of the filing of a completed application with the Secretary. (Source: P.A. 96-1420, eff. 8-3-10.)

(205 ILCS 685/9) (from Ch. 17, par. 7359) Sec. 9. (a) A financial institution, and a partner, director, officer or employee of a financial institution, willfully violating Section 4 or Section 5 of this Act or a rule or regulation prescribed thereunder is liable to the State of I…

(205 ILCS 740/9) (was 225 ILCS 425/9) Sec. 9. Disciplinary actions. (a) The Department may refuse to issue or renew, or may revoke, suspend, place on probation, reprimand, or take other disciplinary or non-disciplinary action as the Department may deem proper, including fines not…

(205 ILCS 305/9) (from Ch. 17, par. 4410) Sec. 9. Reports and examinations. (1) Credit unions shall report to the Department on forms supplied by the Department, in accordance with a schedule published by the Department. A recapitulation of the annual reports shall be compiled an…

(205 ILCS 670/9) (from Ch. 17, par. 5409) Sec. 9. Fines, Suspension or Revocation of license. (a) The Director may fine a licensee or any other person or entity doing business without the required license an amount not exceeding $10,000 per violation, or revoke or suspend any lic…

(205 ILCS 675/9) (from Ch. 17, par. 7009) Sec. 9. No writing or other agreement between a borrower and a financial institution may contain any provision which constitutes a waiver of any right conferred upon borrowers by this Act, or of any duty, condition or limitation imposed u…

(205 ILCS 405/9) (from Ch. 17, par. 4816) Sec. 9. No community or ambulatory currency exchange shall issue tokens to be used in lieu of money for the purchase of goods or services from any enterprise. (Source: P.A. 99-445, eff. 1-1-16.)

(205 ILCS 645/9) (from Ch. 17, par. 2716) Sec. 9. Registered office and agent. Each foreign banking corporation authorized to establish and maintain a banking office shall have and continuously maintain: (a) a registered office in Illinois which may be, but need not be, the same …

(205 ILCS 5/9) (from Ch. 17, par. 316) Sec. 9. Contents of application. The application for a permit to organize shall be in a form specified by the Commissioner and shall be filed with the Commissioner signed by each of the applicants and shall be acknowledged before some office…

(205 ILCS 658/9-1) Sec. 9-1. Timely transmission. (a) Every licensee shall forward all money received for transmission in accordance with the terms of the agreement between the licensee and the sender, which shall be no more than 3 business days after the receipt of the money to …

(205 ILCS 658/9-2) Sec. 9-2. Refunds. (a) This Section does not apply to: (1) money received for transmission subject to the federal Remittance Rule, 12 CFR Part 1005, Subpart B, as amended or recodified from time to time; or (2) money received for transmission pursuant to a writ…

(205 ILCS 658/9-3) Sec. 9-3. Receipts. (a) As used in this Section, "receipt" means a paper receipt, electronic record, or other written confirmation. For a transaction conducted in person, the receipt may be provided electronically if the sender requests or agrees to receive an …

(205 ILCS 658/9-4) Sec. 9-4. Notice. Every licensee or authorized delegate shall include on a receipt or disclose on the licensee's website or mobile application the name and phone number of the Department and a statement that the licensee's customers can contact the Department w…

(205 ILCS 658/9-5) Sec. 9-5. Disclosures for payroll processing services. (a) A licensee that provides payroll processing services shall: (1) issue reports to clients detailing client payroll obligations in advance of the payroll funds being deducted from an account; and (2) make…

(205 ILCS 620/9-5) (from Ch. 17, par. 1559-5) Sec. 9-5. Applicability of other Acts by reference. Corporate fiduciaries subject to the provisions of this Act shall continue to be subject to the provisions of other Acts which govern actions of trustees including, but not limited t…

(205 ILCS 620/9-6) Sec. 9-6. Audits. (a) At least once in each calendar year a trust company must cause its books and records to be audited by an independent licensed public accountant. The Commissioner may prescribe the scope of the audit within generally accepted audit principl…

(205 ILCS 305/9.1) Sec. 9.1. Disclosures of reports of examinations and confidential supervisory information; limitations. (1) Any report of examination, visitation, or investigation prepared by the Secretary under this Act or by the state regulatory authority charged with enforc…

(205 ILCS 670/9.1) Sec. 9.1. Closing of business; surrender of license. At least 10 days prior to a licensee ceasing operations, closing business, or filing for bankruptcy, the licensee shall: (a) Notify the Department of its action in writing. (b) With the exception of filing fo…

(205 ILCS 740/9.1) (was 225 ILCS 425/9.1) Sec. 9.1. Communication with persons other than debtor. Any collection agency communicating with any person other than the debtor for the purpose of acquiring location information about the debtor shall: (1) identify himself or herself, s…

(205 ILCS 740/9.2) (was 225 ILCS 425/9.2) Sec. 9.2. Communication in connection with debt collection. (a) Without the prior consent of the debtor given directly to the collection agency or the express permission of a court of competent jurisdiction, a collection agency may not co…

(205 ILCS 740/9.22) (was 225 ILCS 425/9.22) Sec. 9.22. Illinois Administrative Procedure Act. The Illinois Administrative Procedure Act is hereby expressly adopted and incorporated herein as if all of the provisions of that Act were included in this Act, except that the provision…

(205 ILCS 740/9.3) (was 225 ILCS 425/9.3) Sec. 9.3. Validation of debts. (a) Within 5 days after the initial communication with a debtor in connection with the collection of any debt, a collection agency shall, unless the following information is contained in the initial communic…

(205 ILCS 740/9.4) (was 225 ILCS 425/9.4) Sec. 9.4. Debt collection as a result of identity theft. (a) Upon receipt from a debtor of all of the following information, a collection agency must cease collection activities until completion of the review provided in subsection (d) of…

(205 ILCS 5/9.5) Sec. 9.5. Reservation of corporate name. Upon the filing of an application for a permit to organize, an applicant may request that the Commissioner reserve the name of the proposed bank. The reservation shall be made by filing with the Commissioner an application…

(205 ILCS 740/9.5) (was 225 ILCS 425/9.5) Sec. 9.5. Statute of limitations. No action may be filed against any licensee for violation of the terms of this Act or its rules unless the action is commenced within 5 years after the occurrence of the alleged violation. A continuing vi…

(205 ILCS 740/9.6) Sec. 9.6. Coerced debt. (a) A debtor is not liable for any coerced debt, as defined in this Act, and may assert that the debtor has incurred a coerced debt by providing to a collection agency a written statement of coerced debt. The statement of coerced debt sh…

(205 ILCS 740/9.7) (was 225 ILCS 425/9.7) Sec. 9.7. Enforcement under the Consumer Fraud and Deceptive Business Practices Act. The Attorney General may enforce the knowing violation of Section 9 (except for items (2) through (4), (7) through (9), (11) through (13), and (23) of su…

(205 ILCS 705/90) Sec. 90. (Amendatory provisions; text omitted). (Source: P.A. 90-575, eff. 3-20-98; text omitted.)

(205 ILCS 700/90) Sec. 90. (Amendatory provisions; text omitted). (Source: P.A. 89-601, eff. 8-2-96; text omitted.)

(205 ILCS 511/90-10) Sec. 90-10. The Pawnbroker Regulation Act is repealed. (Source: P.A. 103-585, eff. 3-22-24.)

(205 ILCS 511/90-15) Sec. 90-15. (Amendatory provisions; text omitted). (Source: P.A. 103-585, eff. 3-22-24; text omitted.)

(205 ILCS 511/90-20) Sec. 90-20. (Amendatory provisions; text omitted). (Source: P.A. 103-585, eff. 3-22-24; text omitted.)

(205 ILCS 511/90-5) Sec. 90-5. (Amendatory provisions; text omitted). (Source: P.A. 103-585, eff. 3-22-24; text omitted.)

(205 ILCS 732/900) Sec. 900. (Amendatory provisions; text omitted). (Source: P.A. 104-429, eff. 8-18-25; text omitted.)

(205 ILCS 616/91) Sec. 91. (Amendatory provisions; text omitted). (Source: P.A. 89-310, eff. 1-1-96; text omitted.)