Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

Illinois Compiled Statutes

 ILCS Listing   Public Acts  Search   Guide   Disclaimer

Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

20 ILCS 1205/4

    (20 ILCS 1205/4) (from Ch. 17, par. 104)
    (Text of Section before amendment by P.A. 102-975)
    Sec. 4. As used in this Act:
    (a) "Department" means the Department of Financial Institutions.
    (b) "Director" means the Director of Financial Institutions.
    (c) "Person" means any individual, partnership, joint venture, trust, estate, firm, corporation, association or cooperative society or association.
    (d) "Financial institutions" means ambulatory and community currency exchanges, credit unions, guaranteed credit unions, persons engaged in the business of transmitting money to foreign countries or buying and selling foreign money, pawners' societies, title insuring or guaranteeing companies, and persons engaged in the business of making loans of $800 or less, all as respectively defined in the laws referred to in Section 6 of this Act. The term includes sales finance agencies, as defined in the "Sales Finance Agency Act", enacted by the 75th General Assembly.
    (e) "Payday loan" has the meaning ascribed to that term in the Payday Loan Reform Act.
(Source: P.A. 94-13, eff. 12-6-05.)
 
    (Text of Section after amendment by P.A. 102-975)
    Sec. 4. As used in this Act:
    "Department" means the Department of Financial and Professional Regulation.
    "Director" means the Director of the Division of Financial Institutions and any authorized representative of the Director.
    "Division" means the Division of Financial Institutions of the Department.
    "Financial institutions" means ambulatory and community currency exchanges, credit unions, guaranteed credit unions, money transmitters, title insuring or guaranteeing companies, consumer installment lenders, payday lenders, sales finance agencies, and any other industry or business that offers services or products that are regulated under any Act administered by the Director.
    "License" means any certificate or authorization issued to any person, party, or entity pursuant to any Act administered by the Division.
    "Licensee" means any person, party, or entity who is or comes to be certified, chartered, registered, licensed, or otherwise authorized by the Division pursuant to any Act administered by the Division.
    "Payday loan" has the meaning ascribed to that term in the Payday Loan Reform Act.
    "Person" means any individual, partnership, joint venture, trust, estate, firm, corporation, cooperative society or association, or any other form of business association or legal entity.
    "Secretary" means the Secretary of Financial and Professional Regulation and any authorized representative of the Secretary.
(Source: P.A. 102-975, eff. 1-1-23.)