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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 650

Sec. 6. Revocation of license.

83 words·~1 min read·/il/chapter-205/act-650/6

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Sec. 6. Revocation of license. If the Commissioner finds:
(a)the licensee or its representative has violated any provision of this Act or other
law, rule, or regulation of this State; or
(b)any fact or condition exists which, if it had existed at the time of the original
application for such license, would have resulted in the Commissioner refusing to issue such license;
then the Commissioner, after granting the licensee or representative a reasonable opportunity to be heard, may revoke such license.
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