§ 15-25

Illinois § 15-25

• Jurisdiction: Illinois
• Topic: BUSINESS AND EMPLOYMENT
• Ch. 815: BUSINESS TRANSACTIONS
• Act 815 ILCS 175/: Illinois Loan Brokers Act of 1995.
• Art.: Article 15 -

Text

Fees and funds; accounting and deposit in Securities Audit and Enforcement Fund. (a) The Secretary of State shall by rule or regulation impose and shall collect fees necessary for the administration of this Act including, but not limited to, fees for the following purposes: (1) filing an application pursuant to Section 15-15 of this Act; (2) examining an application pursuant to Section 15-15 or Section 15-20 of this Act; (3) registering a loan broker pursuant to Section 15-15 of this Act; (4) renewing registration of a loan broker pursuant to Section 15-20 of this Act; (5) failure to file or file timely any document or information required under this Act; (6) acceptance of service of process pursuant to Section 15-95; (7) issuance of certification pursuant to Section 15-50; or (8) late registration fee pursuant to Section 15-20(c). (b) The Secretary of State may, by rule or regulation, raise or lower any fee imposed by this Act, and which he or she is authorized by law to collect under this Act. (c) All fees and funds accruing for the administration of this Act shall be accounted for by the Secretary of State and shall be deposited with the State Treasurer who shall deposit them in the Securities Audit and Enforcement Fund.

Legislative History

(Source: P.A. 92-308, eff. 1-1-02.)