The rules and procedures in this Subpart shall apply to proceedings in connection with the suspension of license of a pawnshop pursuant to Section 0.05(a)(7) of the Act and the revocation of license of a pawnshop pursuant to Section 0.05(a)(10) of the Act. The revocation or suspension of license shall not impair or affect the obligation of either the pawnbroker or the pledger to fulfill the terms of any preexisting memorandum, contract, or note.
Ill. Admin. Code tit. 38, § 360.600