Illinois Compiled Statutes 225 ILCS 422 Collateral Recovery Act. Section 50

    (225 ILCS 422/50)

    (Section scheduled to be repealed on January 1, 2022)

    Sec. 50. Fees.

    (a) The license and permit fees required under this Act are as follows:

        (1) Class "R" license (recovery agency), $825.

        (2) Class "RR" license (branch office), $425.

        (3) Class "MR" license (recovery agency manager),

     $325.

        (4) Class "E" recovery permit, $75.

        (5) Class "EE" recovery permit (recovery agent

    intern), $75.

    An agency shall submit an application to register any remote storage location or locations. The Commission shall develop by rule the requirements for registering remote storage locations. The fee for each registration shall not exceed $300 as set by the Commission.

    (b) The Commission may establish by rule a fee for the replacement or revision of a license or recovery permit.

    (c) The fees set forth in this Section must be paid by certified check or money order, or at the discretion of the Commission, by agency check at the time of application. An applicant for a Class "E", Class "EE", or Class "MR" license or permit must pay the license or permit fee at the time the application is made. If a license or permit is revoked or denied, or if an application is withdrawn, then the license or permit fee shall not be refunded.

(Source: P.A. 97-576, eff. 7-1-12.)

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Last modified: February 18, 2015