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Illinois · Through at least Public Act 104-790

20 ILCS 1205/18.5: Consent orders and settlement agreements.

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Where this section sits in the code
  1. CHAPTER 20 EXECUTIVE BRANCH
  2. Financial Institutions Act.

The Secretary may enter into a consent order or settlement agreement at any time with a regulated person to resolve a matter arising under this Act or any other Act under the jurisdiction of the Division. A consent order or settlement agreement need not constitute an admission by a regulated person that this Act or a rule or order issued or adopted under this Act or any Act under the jurisdiction of the Division has been violated, nor need it constitute a finding by the Secretary that the person has violated this Act or a rule or order adopted under this Act or any Act under the jurisdiction of the Division. Nothing in this Section shall be construed as requiring a regulated person to enter a consent order or settlement agreement with the Secretary.

Collected 2026-09-15T04:46:14Z. Source file · JSON

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