205 ILCS 740/45: Summary suspension of license.
Where this section sits in the code
- CHAPTER 205 FINANCIAL REGULATION
- Collection Agency Act.
The Secretary may summarily suspend the license of a licensed collection agency without a hearing, simultaneously with the institution of proceedings for a hearing provided for in Section 16 of this Act, if the Secretary finds that evidence in the Secretary's possession indicates that the continuation of practice by a licensed collection agency would constitute an imminent danger to the public. In the event that the Secretary summarily suspends the license of a licensed collection agency without a hearing, a hearing must be commenced within 30 days after the suspension has occurred and concluded as expeditiously as practical.
Collected 2026-09-15T04:46:29Z. Source file · JSON