(225 ILCS 425/13.1) (from Ch. 111, par. 2038.1)
(Section scheduled to be repealed on January 1, 2016)
Sec. 13.1. Collection Agency Licensing and Disciplinary Board. There is created in the Department the Collection Agency Licensing and Disciplinary Board composed of 7 members appointed by the Director. Five members of the Board shall be employed in a collection agency registered under this Act and 2 members of the Board shall represent the general public and shall not be employed by or possess an ownership interest in any collection agency registered under this Act.
The Board shall elect a chairman from among its members and shall meet at least twice each year. The members of the Board shall receive no compensation for their services, but shall be reimbursed for their actual expenses incurred in the performance of their duties.
Members shall serve for a term of 4 years and until their successors are appointed and qualified. No Board member, after the effective date of this amendatory Act of 1995, shall be appointed to more than 2 full consecutive terms. The initial terms created by this amendatory Act of 1995 shall count as full terms for the purposes of reappointment to the Board. Appointments to fill vacancies for the unexpired portion of a vacated term shall be made in the same manner as original appointments.
The appointments of those Board members currently appointed shall end upon the effective date of this amendatory Act of 1995, and those Board members currently sitting at the effective date of this amendatory Act of 1995, shall be reappointed to the following terms by and in the discretion of the Director:
(1) one member shall be appointed for one year;
(2) two members shall be appointed to serve 2 years;
(3) two members shall be appointed to serve 3 years;
and
(4) two members shall be appointed to serve for 4
years. All members shall serve until their successors are appointed and qualified.
The Board members appointed to terms by this amendatory Act of 1995 shall be appointed as soon as possible after the effective date of this amendatory Act of 1995.
(Source: P.A. 89-387, eff. 1-1-96.)
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Last modified: February 18, 2015