Ill. Admin. Code tit. 38, § 1050.740 - Loan Delinquency Hearing
a) Authority. The Director may hold public
hearings concerning a licensee that is subject to examination pursuant to
Section 4-8 of the Act. The hearing shall be held in accordance with Section
4-8(c) of the Act.
b) Notice.
Written notice of the time, place, date and subject of the hearing shall be
posted in both the Springfield and Chicago offices of the Division at least 10
days prior to the hearing. The Director may distribute such notice to other
interested persons upon request.
c)
Testimony. Testimony at the public hearings shall be taken in accordance with
Section 4-8(c) of the Act. Testimony may be either oral or written. If oral,
the party proposing to testify must complete a witness slip that shall be
provided at the hearing. If written, the proposed testimony must be received by
the Director prior to the hearing. Notwithstanding the foregoing, testimony
shall be permitted at the hearing only if the party proposing to testify has
completed, and the Director has received, either a written letter of complaint
or a consumer complaint form as prescribed by the Director.
d) Hearings. Hearings held under this Section
shall be for informational purposes only and shall not be subject to 38 Ill.
Adm. Code 100.
Notes
Amended at 29 Ill. Reg. 14808, effective September 26, 2005
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