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Illinois · Through at least Public Act 104-790

205 ILCS 658/11-8: Unlicensed persons.

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Where this section sits in the code
  1. CHAPTER 205 FINANCIAL REGULATION
  2. Uniform Money Transmission Modernization Act.

Any person who, without the required license, engages in conduct requiring a license under this Act shall be liable to the Department in an amount equal to the greater of (1) $5,000 or (2) an amount of money accepted for transmission plus an amount equal to 3 times the amount accepted for transmission. The Department shall cause any funds so recovered to be deposited into the TOMA Consumer Protection Fund.

Collected 2026-09-15T04:46:29Z. Source file · JSON

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