Disciplinary Actions with Respect to Repossession Agency License Holders

Section 1480.390  Disciplinary Actions with Respect to Repossession Agency License Holders The Commission may revoke or may suspend, place on probation, or take any other disciplinary action that is consistent with the Act , with regard to any repossession agency license holder if the license holder, or the sole proprietor if the license holder is a sole proprietorship, any partner of the license holder that is a partnership, any officer of the license holder that is a corporation, or any member of the license holder that is a limited liability company has been convicted of any crime under the laws of the United States or any state or territory of the United States that is a felony, a misdemeanor an essential element of which is dishonesty, or a crime related to the practice of the profession. [225 ILCS 422/80]