IL SB3676

Amends the Sales Finance Agency Act to transfer regulatory authority from the Director of Financial Institutions to the Secretary of Financial and Professional Regulation.

Requires license applicants to submit audited financial statements, maintain a minimum $30,000 net worth, and post a $50,000 surety bond.

Prohibits sales finance agencies from operating under names other than their real business names and from aiding violations of the Retail Installment Sales Act or Motor Vehicle Retail Installment Sales Act.

Increases the maximum civil penalty for violations from $1,000 to $10,000 and grants the Secretary expanded investigatory, disciplinary, and examination authority.

Authorizes use of the Nationwide Multistate Licensing System and Registry for license applications and directs all fees collected under the Act to the Financial Institution Fund.