Illinois Compiled Statutes 205 ILCS 657 Transmitters of Money Act. Section 45

    (205 ILCS 657/45)

    Sec. 45. Fees.

    (a) The Director shall charge and collect fees, which shall be nonrefundable unless otherwise indicated, in accordance with the provisions of this Act as follows:

        (1) For applying for a license, an application fee of

    $100 and a license fee, which shall be refunded if the application is denied or withdrawn, of $100 plus $10 for each location at which the applicant and its authorized sellers are conducting business or propose to conduct business excepting the applicant's principal place of business.

        (2) For renewal of a license, a fee of $100 plus $10

    for each location at which the licensee and its authorized sellers are conducting business, except the licensee's principal place of business.

        (3) For an application to add an authorized seller

    location, $10 for each authorized seller location.

        (4) For service of process or other notice upon the

    Director as provided by Section 100, a fee of $10.

        (5) For an application for renewal of a license

    received by the Department after December 1, a penalty fee of $10 per day for each day after December 1 in addition to any other fees required under this Act unless an extension of time has been granted by the Director.

        (6) For failure to submit financial statements as

    required by Section 40, a penalty fee of $10 per day for each day the statement is late unless an extension of time has been granted by the Director.

    (b) Beginning one year after the effective date of this Act, the Director may, by rule, amend the fees set forth in this Section.

    (c) All moneys received by the Department under this Act shall be deposited into the Financial Institution Fund.

(Source: P.A. 98-463, eff. 8-16-13.)

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Last modified: February 18, 2015