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A licensee under the Consumer Installment Loan Act may engage in the business of a sales finance agency without securing a license under this Act. A Consumer Installment Loan Act licensee engaged in the business of a sales finance agency is required to comply with this Act and violations of this Act may result in penalties, revocation of the licensee’s authority to engage in sales finance agency activity, or revocation or suspension of the Consumer Installment Loan Act license. For the purpose of discovering violations of this Act or securing information lawfully required by it, the Department may at any … Read more