205 ILCS 658/8-2

Current through Public Act 103-1052
Section 205 ILCS 658/8-2 - Unauthorized activities

A person shall not engage in the business of money transmission on behalf of a person not licensed under this Act or not exempt pursuant to Article III of this Act. A person that engages in such activity provides money transmission to the same extent as if the person were a licensee, and shall be jointly and severally liable with the unlicensed or nonexempt person.

205 ILCS 658/8-2

Added by P.A. 103-0991,§ 8-2, eff. 8/9/2024.