If the Commissioner finds: (a) the licensee or its representative has violated any provision of this Act or other law, rule, or regulation of this State; or (b) any fact or condition exists which, if it had existed at the time of the original application for such license, would have resulted in the Commissioner refusing to issue such license; then the Commissioner, after granting the licensee or representative a reasonable opportunity to be heard, may revoke such license.
205 ILCS 650/6
Revocation of license
Known as the Foreign Bank Representative Office Act
The act spans §§ 205-650-1 to 205-650-8 (9 sections).
P.A. 92-483, eff. 8-23-01.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.