Section 360.910  Semiannual Report

Beginning on April 1, 2026, on or before October 1 and April 1 of each calendar year, the Director shall submit a written report to the Secretary regarding expenses and activities of the Pawnbroker Section of the Division of Banking. The report shall contain at a minimum:

a)         Documentation sufficient to identify the direct administrative and operational expenses and allocable indirect costs of the Pawnbroker Section of the Division of Banking incidental to regulating the pawnbroker industry;

b)         The number of virtual examinations completed since the most recent report;

c)         The number of in-person examinations required, requested, and completed since the most recent report;

d)         The number of persons or entities identified by the Department as having violated Section 5-1(a) [205 ILCS 511/5-1(a)], Section 5-5(b) [205 ILCS 511/5-5(b)], or Section 15-5(a) [205 ILCS 511/15-5(a)] of the Act; and

e)         The number of persons or entities identified by the Department as having violated Article 15 [205 ILCS 511/15] of the Act.

(Source:  Added at 49 Ill. Reg. 14602, effective October 29, 2025)