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Illinois Department of Financial and Professional Regulation

From Wikipedia, the free encyclopedia

Illinois Department of Financial and Professional Regulation
Department overview
FormedJuly 1, 2004 (2004-07-01)
JurisdictionIllinois
Department executives
  • Deborah Hagan, Secretary
  • Cecilia Abundis, Director of the Division of Professional Regulation
  • Mario Treto, Jr., Director of the Division of Real Estate
  • Chasse Rehwinkel, Director of the Division of Banking
  • Francisco Menchaca, Director of the Division of Financial Institutions
Key documents
Websitewww.idfpr.com

The Illinois Department of Financial and Professional Regulation (IDFPR) is the Illinois state government code department[1][2] that through its operational components, the Division of Banking, Division of Financial Institutions, Division of Professional Regulation, and Division of Real Estate, oversees the regulation and licensure of banks and financial institutions, real estate businesses and professionals, and various licensed professions, and are charged with enforcing standards of professional practice and protecting the rights of Illinois residents in their transactions with regulated industries. Beginning in 2019, the department's Cannabis Regulation Oversight Officer will be responsible for regulation of Cannabis in Illinois.[3]

Mission Statement

The Mission of the Illinois Department of Financial and Professional Regulation is:

  • To protect the residents of Illinois,
  • To ensure the safety and soundness of financial institutions,
  • To ensure that competent professionals are licensed to provide services to the public, and,
  • To enhance commerce in the state for the benefit of all its residents.

Organization

  • Division of Professional Regulation (DPR)
  • Division of Real Estate (DRE)
  • Division of Banking (DOB)
  • Division of Financial Institutions (DFI)

References

  1. ^ Uphoff, Judy Lee (2012). "The Governor and the Executive Branch". In Lind, Nancy S.; Rankin, Erik (eds.). Governing Illinois: Your Connection to State and Local Government (PDF) (4th ed.). Center Publications, Center for State Policy and Leadership, University of Illinois at Springfield. pp. 78–79. ISBN 978-0-938943-28-0. Archived from the original (PDF) on 2013-06-22. Retrieved 2014-08-10.
  2. ^ 20 ILCS5/5-15
  3. ^ John Pletz (May 20, 2019). "Five things you didn't know were in Illinois weed bill". Crain's Chicago Business.

External links

This page was last edited on 25 March 2020, at 03:06
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