Sec. 30-10. Additional rulemaking authority.

234 words·~1 min read·/il/chapter-205/act-731/30-10

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(a)In addition to such powers and rulemaking authority as may be prescribed elsewhere in this Act or other financial laws administered by the Department, the Department is hereby authorized and empowered to adopt rules consistent with the purposes of this Act, including, but not limited to:

(1)rules in connection with the activities of covered persons, affiliates, and service

providers as may be necessary and appropriate for the protection of residents;

(2)rules to define the terms used in this Act and as may be necessary and appropriate

to interpret and implement the provisions of this Act;

(3)rules as may be necessary for the administration and enforcement of this Act;

(4)rules to set and collect fees necessary to administer and enforce this Act;

(5)rules in connection with the activities of covered persons, affiliates, and service

providers as may be necessary and appropriate for the safety and soundness of such covered persons and affiliates and the stability of the financial system in this State; and

(6)rules in connection with the adoption of reciprocity agreements between the

Department and the appropriate licensing agency of another state to register a covered person on an expedited basis.

(b)The Secretary is hereby authorized and empowered to make specific rulings, demands, and findings that he or she deems necessary for the proper conduct of the registrants and affiliates thereof.