State of illinois business broker renewal

TITLE 14: COMMERCE
SUBTITLE A: REGULATION OF BUSINESS
CHAPTER I: SECRETARY OF STATE
PART 140 REGULATIONS UNDER THE ILLINOIS BUSINESS BROKERS ACT OF 1995

The General Assembly's Illinois Administrative Code database includes only those rulemakings that have been permanently adopted. This menu will point out the Sections on which an emergency rule (valid for a maximum of 150 days, usually until replaced by a permanent rulemaking) exists. The emergency rulemaking is linked through the notation that follows the Section heading in the menu.

SUBPART A: DEFINITIONS

Section 140.50 Scope of the Law (Repealed)
Section 140.51 Definitions of Terms Used in the Act and the Rules

SUBPART B: REGISTRATION OF BUSINESS BROKERS

Section 140.100 Procedures for Registration as a Business Broker Under Section 10-10 of the Act
Section 140.120 Procedures for Withdrawal of Pending Application or Termination of Registration as a Business Broker
Section 140.130 Procedure with Respect to Abandoning Incomplete Applications for Registration as a Business Broker
Section 140.200 Procedures for Renewal of Registration as a Business Broker Under Section 10-20 of the Act
Section 140.300 When Disclosure Statement Must Be Provided
Section 140.301 Purpose of Disclosure; Substantial Compliance
Section 140.302 Contents of Disclosure Statement
Section 140.303 Providing the Contract With the Disclosure Statement
Section 140.304 Providing the Contract to Client (Repealed)

SUBPART C: PROCEDURES FOR ADMINISTRATIVE HEARINGS

SUBPART D: RECORDS

SUBPART E: EXEMPTIONS

Section 140.800 Previous and Ongoing Agreements or Contracts and Transactions Not Affected (Repealed)
Section 140.801 Burden of Proof
Section 140.802 Exemption for Franchises (Repealed)
Section 140.803 Exemptions from Waiting Period and Disclosure Requirements Pursuant to Section 10-30 of the Act
Section 140.804 Exemption for Attorneys (Repealed)
Section 140.805 Exemption for Certified Public Accountants (Repealed)
Section 140.806 Other Persons Exempt from the Act and This Part (Repealed)
Section 140.807 Transactions Exempt from the Act and This Part (Repealed)
Section 140.808 Exemption for Real Estate Brokers and Real Estate Salespersons � Services Incidental to a Real Estate Brokerage Agreement (Repealed)
Section 140.810 Exemption for Loan Broker Agreements or Contracts from the Business Brokers Act of 1995

SUBPART F: SERVICE OF PROCESS

SUBPART G: PROCEDURES FOR BUSINESS BROKER LIENS

Section 140.1150 Procedures for Filing a Notice of Lien or Amendment to a Notice of Lien Under Section 10-115 of the Act
Section 140.1152 Procedures to Terminate a Notice of Lien Prior to the Two Year Expiration

SUBPART H: EVIDENTIARY MATTERS AND NON-BINDING STATEMENTS

SUBPART I: PUBLIC INFORMATION

Section 140.1400 Inspection of Business Broker Records
Section 140.1401 Non-Public Distribution of Information

SUBPART J: RULES OF GENERAL APPLICATION

Section 140.2100 Business Hours of the Securities Department
Section 140.2101 Computation of Time
Section 140.2110 Payment of Fees
Section 140.2120 Place of Filing
Section 140.2130 Date of Filing
Section 140.2140 Requirements as to Proper Form
Section 140.2141 Additional Information
Section 140.2142 Additional Exhibits
Section 140.2143 Information Unknown or Not Reasonably Available
Section 140.2144 Requirements as to Paper, Printing and Language
Section 140.2145 Number of Copies � Signatures
Section 140.2190 Provisions for Granting of Variance from Rules

AUTHORITY: Implementing and authorized by the Illinois Business Brokers Act of 1995 [815 ILCS 307].