Ill. Admin. Code tit. 38 § 375.34

Current through Register Vol. 48, No. 45, November 8, 2024

Section 375.34 - Corporate Fiduciary Regulatory Fees

a) Each corporate fiduciary shall pay to the Commissioner a Corporate Fiduciary Regulatory Fee that shall be paid in quarterly installments equal to one-fourth of the sum of an annual fixed fee plus a variable exam-day fee.

b) The annual fixed fee shall be $200 for a trust department and for individuals or partnerships that possess a certificate of authority to accept and execute trusts. The annual fixed fee for a trust company shall be $500. The variable exam-day fee shall be calculated at the rate of $450 for each one-half examiner-day of work expended by the Commissioner's examination personnel in performing the most recent statutorily required examination of the corporate fiduciary, subject to a minimum one-day charge.

c) The Corporate Fiduciary Regulatory Fee shall be calculated by the Commissioner and billed to the corporate fiduciaries on the last day of each calendar quarter, with payment due within 30 calendar days after the billing date.

Ill. Admin. Code tit. 38, § 375.34

Amended at 28 Ill. Reg. 773, effective December 29, 2003