Debt Resolution Services Act regulates debt resolution services in Illinois, requiring licensing and setting consumer protections.
The Debt Resolution Services Act establishes a licensing system for providers of debt resolution services in Illinois. It mandates that no person can offer such services without a valid license from the Department of Financial and Professional Regulation. The Act outlines the application process for obtaining a license, including required information and fees. It also specifies exemptions for certain professionals and entities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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