Any person who, without the required license, engages in conduct requiring a license under this Act without the required license shall be liable to the Department in an amount equal to the greater of (1) $1,000 or (2) an amount equal to four times the amount of consumer debt enrolled. The Department shall cause any funds so recovered to be deposited in the Debt Settlement Consumer Protection Fund.
225 ILCS 429/83
Additional liability for unlicensed activity
Known as the Debt Settlement Consumer Protection Act
The act spans §§ 225-429-1 to 225-429-999 (39 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.