Section 160.210  Examinations

a)         Licensees shall forward all examination remittances to the Division by any means designated by the Director.

b)         All fees and charges shall be remitted in the form designated and communicated by the Director.

c)         Examination

1)         The Department may examine all records and investigate any transactions in any office of the licensee operating under the Act, or at any other location where records or instruments of the licensee are situated to determine that the business complies with all applicable laws and regulations.  The Department will charge the licensee $1,200 for each examiner day or portion thereof required to make and complete an examination or investigation of the licensee.

2)         The examination of the books and records of the licensee may be conducted concurrently with the examination of any other business conducted by the licensee which is regulated or licensed by the Department.  A separate charge shall be made for each examiner day or portion thereof required to complete each examination as to each regulated or licensed business.

3)         Should any part of the records or documents be located outside of the geographic boundaries of the State of Illinois, the licensee shall pay all the expenses the Department incurs to perform the examination.

4)         The Department may conduct an examination for the purpose of verifying that the licensee has taken necessary actions to correct violations to the Act and/or related administrative rules and shall charge the licensee $1,500 for each examiner day or portion thereof.

(Source:  Amended at 47 Ill. Reg. 9324, effective June 20, 2023)