225 ILCS 422/190

Current through Public Act 103-1052
Section 225 ILCS 422/190 - [Section Scheduled to be Repealed 1/1/2032] Summary suspension

The Commission may summarily suspend the license of a repossession agency, the license of a recovery manager, or the recovery permit of an employee without a hearing, simultaneously with the institution of proceedings for a hearing provided for in this Act, if the Commission finds that evidence in its possession indicates that a repossession agency's, recovery manager's, or employee's continuation in the business of collateral recovery would constitute an imminent danger to the public. In the event that the Commission summarily suspends a license or recovery permit without a hearing, a hearing by the Commission must be held within 30 calendar days after the suspension has occurred.

225 ILCS 422/190

Added by P.A. 097-0576,§ 190, eff. 7/1/2012.