Illinois Compiled Statutes 205 ILCS 660 Sales Finance Agency Act. Section 5

    (205 ILCS 660/5) (from Ch. 17, par. 5205)

    Sec. 5. If a licensee fails to renew his or her license by the 31st day of December, it shall automatically expire and the licensee is not entitled to a hearing; however, the Director in his or her discretion, may reinstate an expired license upon payment of the annual renewal fee and proof of good cause for failure to renew.

(Source: P.A. 90-437, eff. 1-1-98.)

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Last modified: February 18, 2015