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Illinois · Through at least Public Act 104-790

205 ILCS 665/16.5: Additional liability for unlicensed activity.

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Where this section sits in the code
  1. CHAPTER 205 FINANCIAL REGULATION
  2. Debt Management Service 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) $1,000 or (2) an amount equal to 4 times the amount of consumer debt enrolled. The Department shall cause any funds so recovered to be deposited in the Debt Management Service Consumer Protection Fund.

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

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