Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(205 ILCS 670/12.5)
Limited purpose branch.
(a) Upon the written approval of the Director, a licensee may maintain a
limited purpose branch for the sole purpose of making loans as permitted by
this Act. A limited purpose branch may include an automatic loan machine. No
other activity shall be conducted at the site, including but not limited to,
accepting payments, servicing the accounts, or collections.
(b) The licensee must submit an application for a limited purpose branch to
the Director on forms prescribed by the Director with an application fee of
$300. The approval for the limited purpose branch must be renewed concurrently
with the renewal of the licensee's license along with a renewal fee of $300 for
the limited purpose branch.
(c) The books, accounts, records, and files of the limited purpose branch's
transactions shall be maintained at the licensee's licensed location. The
licensee shall notify the Director of the licensed location at which the books,
accounts, records, and files shall be maintained.
(d) The licensee shall prominently display at the limited purpose branch the
address and telephone number of the licensee's licensed location.
(e) No other business shall be conducted at the site of the limited purpose
branch unless authorized by the Director.
(f) The Director shall make and enforce reasonable rules for the conduct of
a limited purpose branch.
(g) A limited purpose branch may not be located
within 1,000 feet of a facility operated by an inter-track wagering licensee or
an organization licensee subject to the Illinois Horse Racing Act of 1975,
on a riverboat subject to
the Riverboat Gambling Act, or within 1,000 feet of the location at which the
(Source: P.A. 90-437, eff. 1-1-98.)