§120.110. Timely Deposits

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Each check, draft, money order, or other evidence of money cashed by a licensee shall be deposited or transmitted for deposit within the ordinary course of business no later than the following business day after the instrument has been cashed. A deposit to an armored-car service satisfies this requirement.

(Source: Amended at 45 Ill. Reg. 9947, effective July 26, 2021)

                    
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