§ 7. Qualifications for license. In order to be qualified to obtain a license or a renewal license under this Act,
a collection agency's officers shall:
(a) be of good moral character and of the age of 18 years or more;
(b) (blank); and
(c) have an acceptable credit rating, have no unsatisfied judgments; and not have
been officers and owners of 10% or more interest of a former licensee under this Act
whose license was suspended or revoked without subsequent restoration.
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