Ill. Admin. Code tit. 38 § 1055.460
Current through Register Vol. 48, No. 50, December 13, 2024
Section 1055.460 - Examination Feesa) Annual fees. Each fiscal year, a covered mortgage licensee pursuant to Section 35-15 of the ILCRA shall pay an annual ILCRA fee to the Department based upon its total number of Illinois mortgage loans as shown by its Mortgage Call Reports for the previous calendar year, at the following rates: NO. OF ILLINOIS MORTGAGE LOANS | ILCRA ANNUAL FISCAL YEAR 2025 FEE | ILCRA ANNUAL FISCAL YEAR 2026 FEE |
50-99 | $2,000 | $2,250 |
100-199 | $2,250 | $2,500 |
200-299 | $2,500 | $3,000 |
300-399 | $3,000 | $3,750 |
400-499 | $3,250 | $4,750 |
500-749 | $3,500 | $5,750 |
750-999 | $4,000 | $7,000 |
1000-1999 | $4,500 | $8,250 |
2000-2999 | $5,000 | $9,750 |
3000-3999 | $5,500 | $11,250 |
4000-4999 | $6,000 | $13,000 |
5000-5999 | $6,500 | $14,750 |
6000-6999 | $7,500 | $16,750 |
7000-7999 | $10,000 | $19,000 |
Over 8000 | $14,000 | $22,000 |
b) Out-of-state travel expenses1) When out-of-state travel occurs in the conduct of any examination, the covered mortgage licensee shall make arrangements to reimburse the Department all charges for services such as travel expenses, including airfare, hotel and per diem incurred by the employee. These expenses are to be in accord with applicable travel regulations published by the Department of Central Management Services and approved by the Governor's Travel Control Board (80 Ill. Adm. Code 2800).2) For purposes of this Section, "fiscal year" means a period beginning on July 1 of any calendar year and ending on June 30 of the next calendar year.c) All fees received pursuant to this Part shall be deposited in the Residential Finance Regulatory Fund.d) The fee for fiscal year 2025 shall be due on January 1, 2025. The fee for each fiscal year thereafter shall be due within 30 days after the start of each fiscal year.Ill. Admin. Code tit. 38, § 1055.460
Added at 48 Ill. Reg. 7172, effective 5/1/2024Amended at 48 Ill. Reg. 17558, effective 11/25/2024