Ill. Admin. Code tit. 11, § 321.90 - Account Closure
The licensee may close any account when the holder thereof attempts to operate with an insufficient balance or when the account is dormant for a period pursuant to the Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505/2SS ], that is 5 years after the date of issuance. In either case, the licensee shall refund the remaining balance of the account whenever possible.
Notes
Amended at 32 Ill. Reg. 10147, effective July 1, 2008
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