Illinois Compiled Statutes
Information maintained by the Legislative
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20 ILCS 1205/6
(20 ILCS 1205/6)
(from Ch. 17, par. 106)
In addition to the duties imposed elsewhere in this Act, the
Department has the following powers:
(1) To exercise the rights, powers and duties vested by law in the
Auditor of Public Accounts under "An Act to provide for the incorporation,
management and regulation of pawners' societies and limiting the rate of
compensation to be paid for advances, storage and insurance on pawns and
pledges and to allow the loaning of money upon personal property", approved
March 29, 1899, as amended.
(2) To exercise the rights, powers and duties vested by law in the
Auditor of Public Accounts under "An Act in relation to the definition,
licensing and regulation of community currency exchanges and ambulatory
currency exchanges, and the operators and employees thereof, and to make an
appropriation therefor, and to provide penalties and remedies for the
violation thereof", approved June 30, 1943, as amended.
(3) To exercise the rights, powers, and duties vested by law in the
Auditor of Public Accounts under "An Act in relation to the buying and
selling of foreign exchange and the transmission or transfer of money to
foreign countries", approved June 28, 1923, as amended.
(4) To exercise the rights, powers, and duties vested by law in the
Auditor of Public Accounts under "An Act to provide for and regulate the
business of guaranteeing titles to real estate by corporations", approved
May 13, 1901, as amended.
(5) To exercise the rights, powers and duties vested by law in the
Department of Insurance under "An Act to define, license, and regulate the
business of making loans of eight hundred dollars or less, permitting an
interest charge thereon greater than otherwise allowed by law, authorizing
and regulating the assignment of wages or salary when taken as security for
any such loan or as consideration for a payment of eight hundred dollars or
less, providing penalties, and to repeal Acts therein named", approved July
11, 1935, as amended.
(6) To administer and enforce "An Act to license and regulate the
keeping and letting of safety deposit boxes, safes, and vaults, and the
opening thereof, and to repeal a certain Act therein named", approved June
13, 1945, as amended.
(7) Whenever the Department is authorized or required by law to consider
some aspect of criminal history record information for the purpose of
carrying out its statutory powers and responsibilities, then, upon request
and payment of fees in conformance with the requirements of Section 2605-400 of the Department of State Police Law
(20 ILCS 2605/2605-400), the
Department of State Police is authorized to furnish, pursuant to positive
identification, such information contained in State files as is necessary
to fulfill the request.
(8) To administer the Payday Loan Reform Act, the Consumer Installment Loan Act, the Predatory Loan Prevention Act, the Motor Vehicle Retail Installment Sales Act, and the Retail Installment Sales Act.
(Source: P.A. 101-658, eff. 3-23-21.)