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.
(815 ILCS 121/165) (Text of Section before amendment by P.A. 103-974) Sec. 165. Rules of the Department.
(a) In addition to such powers as may be prescribed by this Act, the Department is hereby authorized and empowered to adopt rules consistent with the purposes of this Act, including, but not limited to:
(1) rules in connection with the activities of |
| licensees or unlicensed consumer legal funding companies as may be necessary and appropriate for the protection of consumers in this State;
|
|
(2) rules as may be necessary and appropriate to
|
| define improper or fraudulent business practices in connection with the activities of licensees in servicing consumer legal fundings;
|
|
(3) rules that define the terms used in this Act and
|
| as may be necessary and appropriate to interpret and implement the provisions of this Act; and
|
|
(4) rules as may be necessary for the enforcement and
|
| administration of this Act.
|
|
(b) The Secretary is hereby authorized and empowered to make specific rulings, demands, and findings that he or she deems necessary for the proper conduct of the consumer legal funding company industry.
(Source: P.A. 102-987, eff. 5-27-22.)
(Text of Section after amendment by P.A. 103-974)
Sec. 165. Rules of the Department.
(a) In addition to such powers as may be prescribed by this Act, the Department is hereby authorized and empowered to adopt rules consistent with the purposes of this Act, including, but not limited to:
(1) rules in connection with the activities of
|
| licensees or unlicensed consumer legal funding companies as may be necessary and appropriate for the protection of consumers in this State;
|
|
(2) rules as may be necessary and appropriate to
|
| define improper or fraudulent business practices in connection with the activities of licensees in servicing consumer legal fundings;
|
|
(3) rules that define the terms used in this Act and
|
| as may be necessary and appropriate to interpret and implement the provisions of this Act;
|
|
(4) rules as may be necessary for the enforcement and
|
| administration of this Act; and
|
|
(5) rules to permit the refinancing of consumer legal
|
|
(b) The Secretary is hereby authorized and empowered to make specific rulings, demands, and findings that he or she deems necessary for the proper conduct of the consumer legal funding company industry.
(Source: P.A. 102-987, eff. 5-27-22; 103-974, eff. 1-1-25.)
|
