(225 ILCS 425/7) (from Ch. 111, par. 2010)
(Section scheduled to be repealed on January 1, 2016)
Sec. 7. In order to be qualified to obtain a certificate or a renewal certificate under this Act, a collection agency's officers shall:
(a) be of good moral character and of the age of 18 years or more;
(b) have had at least one year experience working in the credit field or a related area, or be qualified for an original license under Section 6 (c) of this Act;
(c) have an acceptable credit rating, have no unsatisfied judgments; and not have been officers of a former registrant under this Act whose certificates were suspended or revoked without subsequent reinstatement.
(Source: P.A. 89-387, eff. 1-1-96.)
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Last modified: February 18, 2015