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Illinois Pawn Shop Laws, Articles and Regulations

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Illinois Administrative Code Pawnbroker Regulation Provisions

The Illinois Administrative Code lays down provisions for licensing and regulating pawnbrokers.  The sections are specifically stated below:  Administrative Code Illinois Administrative Code Title 38. FINANCIAL INSTITUTIONS (§§ 110.1 - 1075.5030) Part 360. LICENSING AND REGULATION OF PAWNBROKERS (§§ 360.10 - 361.710) Source: Emergency Rule adopted at 22 Ill. Reg...


Added On: 23-Jan-2014

Pawnbroker’s Sale of Goods to or form Minor is Unlawful in Illinois

Smith-Hurd Illinois Compiled Statutes Annotated Chapter 815. Business Transactions Sales Act 407. Sale or Pledge of Goods by Minors Act 407/0.01. Short title § 0.01. Short title. This Act may be cited as the Sale or Pledge of Goods by Minors Act. 407/1. Unlawful for junk dealer, pawn broker, or second hand dealer to purchase from minor § 1. It shall be unlawful for any junk dealer...


Added On: 15-Jan-2014

Illinois Pawnbroker Regulation Act

Illinois Pawn Shop laws are found in The Illinois Pawnbroker Regulation Act, § 205 ILCS 510/1 et. seq. The sections of the law cover the following:    Smith-Hurd Illinois Compiled Statutes Annotated Chapter 205. Financial Regulation Act 510. Pawnbroker Regulation Act (Refs & Annos) 510/1. Pawnbroker defined § 1. (a) Every individual or business entity which lends money...


Added On: 15-Jan-2014

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