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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.

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20 ILCS 1205/4

    (20 ILCS 1205/4) (from Ch. 17, par. 104)
    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.)