Illinois Administrative Code › Title 92 - TRANSPORTATION › Part 1480 - COLLATERAL RECOVERY › Subpart R - REQUIRED NOTIFICATIONS › Section 1480.418 - Notification of Conviction to the Commission

Current through Register Vol. 48, No. 28, July 12, 2024
a) The repossession agency must notify the
				Commission in writing of its conviction for any crime under the laws of the
				United States or any state or territory of the United States that is a felony,
				a misdemeanor an essential element of which is dishonesty, or a crime related
				to the practice of the profession. [225 ILCS
				422/80 ]
b) The sole proprietor of a repossession
				agency that is a sole proprietorship, any partner of a repossession agency that
				is a partnership, any corporate officer of a repossession agency that is a
				corporation or any member of a repossession agency that is a limited liability
				company must notify the Commission in writing of his or her conviction for any
				crime under the laws of the United States or any state or territory of the
				United States that is a felony, a misdemeanor an essential element of which is
				dishonesty, or a crime related to the practice of the profession. [225 ILCS
				422/80]
c) Any Class "MR" license
				holder, Class "E" recovery permit holder and Class "EE" recovery permit holder
				must notify the Commission in writing of his or her conviction for any crime
				under the laws of the United States or any state or territory of the United
				States that is a felony, a misdemeanor an essential element of which is
				dishonesty, or a crime related to the practice of the profession. [225 ILCS
				422/80]
d) Upon notification and
				verification of a conviction for any crime under the laws of the United States
				or any state or territory of the United States that is a felony, a misdemeanor
				an essential element of which is dishonesty, or a crime related to the practice
				of the profession [225 ILCS
				422/80 ] of a Class "MR" license holder or a Class "E"
				or Class "EE" recovery permit holder, the Commission shall immediately suspend
				the respective license or recovery permit. The matter shall be set for an
				administrative hearing before an Administrative Law Judge to assist the
				Commission in determining whether the license or permit holder is unfit to hold
				the license or recovery permit by reason of conviction.
e) Upon notification and verification of a
				conviction for any crime under the laws of the United States or any state or
				territory of the United States that is a felony, a misdemeanor an essential
				element of which is dishonesty, or a crime related to the practice of the
				profession [225 ILCS 422/80] of the repossession agency license holder or the
				sole proprietor if the license holder is a sole proprietorship, any partner of
				the license holder that is a partnership, any officer of the license holder
				that is a corporation or any member of the license holder that is a limited
				liability company, the Commission shall immediately suspend the repossession
				agency license. The matter shall be set for an administrative hearing before an
				Administrative Law Judge to assist the Commission in determining whether the
				license holder is unfit to hold the license by reason of conviction.
f) Notification of conviction to the
				Commission shall be made on forms and contain the information prescribed by the
				Commission. Incomplete or incorrect notifications shall be refused or rejected
				by the Commission. Notification of convictions must be received by the
				Commission no later than 7 days after the entry of judgment of conviction.
				Notifications must be filed with the Commission's Transportation Division at
				the following address:
Illinois Commerce Commission
Transportation Division
527 East Capitol Avenue
Springfield, Illinois 62701