Illinois General Assembly - Illinois Compiled Statutes

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815 ILCS 205/11

(815 ILCS 205/11) (from Ch. 17, par. 6419)

Sec. 11.

Whenever the Department of Financial Institutions has reason to
believe that any person or corporation engaged in the business of lending
money is contracting for, receiving, or collecting unlawful interest for
any loan not exceeding $5,000 (in violation of this Act, or the Consumer
Finance Act, or the Consumer Installment Loan Act, or any other Act
regulating interest for loans of money), it may after notice and hearing
enter an order requiring such person or corporation to cease and desist
from contracting for, receiving, and collecting unlawful interest.  At least
5 days' notice shall be given setting forth the time and place of the
hearing and the nature of the violations charged (including the means by
which said Department alleges that unlawful interest has been contracted
for, received, or collected).  The order shall specify in writing the
violations found and shall become effective not less than 5 days after
delivery thereof to the person or corporation named in the order.  If the
person or corporation named in said order continues said violation for more
than 15 days after receiving a certified copy thereof by registered or
certified mail, the Department of Financial Institutions may bring an
action in the circuit court to enjoin such person or
corporation from engaging in or continuing such violation.  Such action
shall be conducted under the direction and supervision of the Attorney
General.  The practice and the powers of the court in such proceedings shall
be as in other such civil proceedings.

(Source: P.A. 79-1362.)