Illinois Administrative Code (Last Updated: March 27, 2024)

§120.280. Cease and Desist

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The Secretary may issue a cease and desist order to any currency exchange or other person doing business without the license required by Section 2 of the Act when, in the opinion of the Secretary, the currency exchange or other person is violating, or is about to violate, any provision of the Act or this Part or any requirement imposed in writing by the Department. If it is determined that the Secretary has the authority to suspend or revoke a license pursuant to Section 15 of the Act, he or she may issue orders as may be reasonably necessary to correct, eliminate or remedy the situation. [205 ILCS 405/29.5]

(Source: Added at 36 Ill. Reg. 13851, effective September 7, 2012)

                    
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