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Illinois · Through at least Public Act 104-790

815 ILCS 124/9: Refusal to issue license.

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Where this section sits in the code
  1. CHAPTER 815 BUSINESS TRANSACTIONS
  2. Buy-Now-Pay-Later Loan Consumer Protection Act.

The Secretary may refuse to issue or renew a license if the Secretary determines that:

(a) the applicant has not complied with a provision of this Act, rule adopted under this Act, or other laws that apply to the applicant;

(b) there is substantial continuity between the applicant and any violator of this Act, rule adopted under this Act, or other laws that apply to the applicant or related violator; and

(c) the applicant or its owners, officers, or directors do not have the financial responsibility, financial condition, business experience, character, and general fitness to justify the confidence of the public and that the license applicant and its owners, officers, and directors are not fit, willing, and able to carry on the proposed business in a lawful and fair manner.

Collected 2026-09-15T04:46:47Z. Source file · JSON

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