Ill. Admin. Code tit. 38 § 360.160

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

Section 360.160 - Expiration and Renewal of Licenses; Fees

a) License Expiration. Every license shall expire on December 31 of each year. The holder of a license may request to renew the license by filing an application with the Secretary.

b) License Renewal. All applications for pawnshop license renewal for the succeeding year must be submitted to NMLS between November 1 and December 31 of each year.

c) The payment of a nonrefundable application fee in the amount of $1,000 shall accompany an application to renew a pawnshop license. Unless otherwise permitted by the Secretary, the payment of all fees shall be made by an electronic transfer of funds or an automatic debit of an account.

d) Transition Period Renewal: All licenses issued or renewed after June 30, 2017 shall continue to operate without interruption until December 31, 2018, the new operator license expiration date. Thereafter, licenses shall be renewed for a period of one year, expiring December 31 of each year. Licenses shall renew subject to the requirements outlined in this Section.

Ill. Admin. Code tit. 38, § 360.160

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

Amended at 38 Ill. Reg. 20763, effective 10/31/2014

Amended at 41 Ill. Reg. 15771, effective 12/18/2017