Illinois § 4-11 Costs of Supervision; Examination and Investigative Fees

Illinois Statutes

§ 4-11 — Costs of Supervision; Examination and Investigative Fees

Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 635/ Residential Mortgage License Act of 1987.·Art. Article IV - Supervision

The expenses of administering this Act, including investigations and examinations provided for in this Act shall be borne by and assessed against entities regulated by this Act. Subject to the limitations set forth in Section 2-2 of this Act, the Secretary shall establish fees by regulation in at least the following categories:

(1)application fees;

(2)investigation of license applicant fees;

(3)examination fees;

(4)contingent fees; and such other categories as may be required to administer this Act.

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The expenses of administering this Act, including investigations and examinations provided for in this Act shall be borne by and assessed against entities regulated by this Act. Subject to the limitations set forth in Section 2-2 of this Act, the Secretary shall establish fees by regulation in at least the following categories: (1) application fees; (2) investigation of license applicant fees; (3) examination fees; (4) contingent fees; and such other categories as may be required to administer this Act.

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