Ill. Admin. Code tit. 38 § 205.10
Current through Register Vol. 48, No. 50, December 13, 2024
"Average daily money transmission liability" shall be calculated by taking the amount of the licensee's outstanding money transmission obligations in this State at the end of each day in a given period of time, added together, and divided by the total number of days in the given period of time. For purposes of calculating average daily money transmission liability under the Act for any licensee required to do so, the given period of time shall be the quarters ending March 31, June 30, September 30, and December 31. [205 ILCS 658/2-1 ].
Ill. Admin. Code tit. 38, § 205.10