Any person who, without the required license, engages in conduct requiring a license under this Act, shall be liable to the Department in an amount equal to the greater of (1) $1,000 or (2) an amount equal to 4 times the amount of consumer debt enrolled. The Department shall cause any funds so recovered to be deposited in the Debt Management Service Consumer Protection Fund.
205 ILCS 665/16.5
Additional liability for unlicensed activity
Known as the Debt Management Service Act
The act spans §§ 205-665-1 to 205-665-9 (32 sections).
P.A. 96-1420, eff. 8-3-10.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.