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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 657

(Section scheduled to be repealed on January 1, 2026)

81 words·~1 min read·/il/chapter-205/act-657/1-3·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(Section scheduled to be repealed on January 1, 2026)
Sec. 10. License required. No person may engage in this State in the business of selling or issuing payment instruments, transmitting money, or exchanging, for compensation, payment instruments or money of the United States government or a foreign government to or from money of another government without first obtaining a license under this Act. Separate licenses shall not be required, however, for persons acting as authorized sellers of licensees under this Act.
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