§ 205.20

Ill. Admin. Code tit. 38, § 205.20

Authorized Delegates

Effective Nov 20, 202448 Ill. Reg. 17546AUTHORITY: Implementing and authorized by Section 95 of the Transmitters of Money Act [205 ILCS 657] and the Uniform Money Transmission Modernization Act [205 ILCS 658].DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION

a) A licensee shall report to the Secretary, on a quarterly basis, the addition, removal or termination of operations of an authorized delegate location on forms presented by the Secretary.
b) A licensee must provide a copy of the written contract entered into between the licensee and authorized delegate to the Department.

(Source: Amended at 48 Ill. Reg. 17546, effective November 20, 2024)