AUTHORITY: Implementing the Collection Agency Act [205 ILCS 740] and authorized by Section 6 and 6a of the Financial Institutions Code [20 ILCS 1205].DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
a) The Director may grant variances from this Part in individual cases when the Director finds that:
1) The provision from which the variance is granted is not statutorily mandated;
2) No party will be injured by granting the variance; and
3) The rule from which the variance is granted would, in the particular case, be unreasonable or unnecessarily burdensome.
b) The Director shall notify the Board in writing of the granting of a variance, and the reasons for granting the variance, at the next meeting of the Board.