205 ILCS 660 Sales Finance Agency Act

Because of the possibility of human and mechanical error as well as other factors, this information is provided “as is” without warranty of any kind and no representation or warranty, expressed or implied, is made, nor should any be inferred, as to the accuracy, timeliness, or completeness of this information. This information relates to bond issues of the North Carolina Housing Finance Agency that have been sold and distributed in underwritten public offerings described in the related official statements. The financial condition of the North Carolina Housing Finance Agency may have changed since the date this information was prepared. The Agency’s operations are overseen by a geographically diverse, 13-member Board of Directors that includes members with expertise in banking, mortgage servicing, home building and real estate sales.

  • The New York State Housing Finance Agency is a public benefit corporation created in 1960 to finance low- and moderate-income rental housing.
  • With finance and accountancy recruitment experts located across the globe, Robert Half can quickly find permanent, interim and temporary candidates with the accounting and finance skills your business requires.
  • Please inform yourself about and observe all such restrictions.
  • Service by certified mail shall be deemed completed when the notice is deposited in the U.S. mail.
  • It could be that you want to plan the growth of your business and see how debt and finance can help you get where you need to be.

After cancelling the conference in 2020, we are excited to again host an in-person event on November 16th at the Hilton Burlington. Similarly, responsibility for the conduct of policies related to the oversight of certain categories of financial institutions may be assigned to the central bank or to a specialized agency. It could be as simple as you need access to a loan to complete a transaction, or just a sounding board for an idea.

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“Holder” of a retail installment contract or a retail charge agreement means the retail seller of the goods or services under the contract or charge agreement, or if the outstanding balances thereunder are purchased by or transferred as security to a sales finance agency or other assignee, the sales finance agency or other assignee. Financing agencymeans a person engaged, in whole or in part, in the business of purchasing retail installment contracts from one or more retail sellers. The term includes a bank, trust company, finance company, or investment company, if so engaged. The term also includes a retail seller engaged, in whole or in part, in the business of holding retail installment contracts acquired from retail buyers.

FINANCE AGENCY

The accounts, books, records, and contracts shall be maintained and serviced by the licensee or another licensee under this Act, or an entity exempt from licensure under this Act. The licensee shall notify the department of the location where the books, accounts, contracts, and records will be maintained and the procedure to ensure prompt return of contracts, titles, and releases to the customers. Except for an honest mistake, purchase of any retail contract, retail charge agreement, or evidence of indebtedness thereunder, that on its face violates this Act, the Retail Installment Sales Act or the Motor Vehicle Retail Installment Sales Act. A licensee must pay to the Department, and the Department must receive, by December 1 of each year, the renewal license application on forms prescribed by the Director and $300 for the license for his principal place of business and $100 for each additional license held as a renewal license fee for the succeeding calendar year. After December 31, 1967, a person who is required to be licensed under this Act must display at each of his places of business a non-transferable and non-assignable license.

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