Ill. Admin. Code tit. 38 § 360.130

Current through Register Vol. 48, No. 50, December 13, 2024

Section 360.130 - Standards for Licensure

a) Unless otherwise authorized by the Secretary, in order to be eligible for a license to operate a pawnshop, each applicant and principal party must:

1) if an individual, be 18 years of age or older;

2) not have been convicted of a felony or of any criminal offense relating to dishonesty or breach of trust in connection with the operations of a pawnshop;

3) possess the character and general fitness necessary to warrant belief that the business will be operated in a lawful and fair manner.

b) In determining whether to grant a license, the Secretary shall consider the nature of the offense, the amount of time since the conviction, and any other mitigating factors the Secretary may deem appropriate with regards to an applicant or principal party who has been convicted of a felony or any criminal offense relating to dishonesty or breach of trust in connection with the operations of a pawnshop.

Ill. Admin. Code tit. 38, § 360.130

Amended at 35 Ill. Reg. 14957, effective September 9, 2011