Section 205.35 Fees

Fees shall be assessed as follows:

a) Application Fee. For applying for a license, an application fee of $2,500 and a license fee of $0.

b) Renewal Fee. For renewal of a license, a fee will be calculated based on the total dollar volume of transactions, including transactions by authorized delegates, reported by the licensee in its annual renewal application. The renewal fee shall be calculated in the following manner based on the licensee's reported Illinois volume:

Transactions of $1,000,000 or less	$1,000 renewal fee
Transactions over $1,000,000 but less than $10,000,000	$1,000 plus an additional amount equal to a rate of .0004 for each dollar in volume more than $1,000,000 but less than $10,000,000
Transactions over $10,000,000 but less than $100,000,000	$4,600 plus an additional amount equal to a rate of .0002 for each dollar in volume more than $10,000,000 but less than $100,000,000
Transactions over $100,000,000	$22,600 plus an additional amount equal to a rate of .0001 for each dollar in volume more than $100,000,000 up to a maximum fee of $50,000

c) Late Renewal Fee. For an application for renewal of a license received by the Department after December 1, a penalty fee of $50 per day for each day after December 1, in addition to any other fees required under this Section, unless an extension of time has been applied for and approved prior to December 1.

d) Late Financial Statement Fee. For failure to submit required financial statements, a penalty fee of $50 per day for each day after the date the financial statements are required to be submitted to the Department unless an extension of time has been applied for and approved prior to the date financial statements are due.

e) Examination Fees. The Department shall charge $400 for each examiner day or part thereof and actual travel costs for any examination records.

f) Other Fees. All other fees authorized by applicable law including, but not limited to, the Transmitters of Money Act [205 ILCS 657] or Uniform Money Transmission Modernization Act [205 ILCS 658] shall be collected in the amount and manner authorized by such applicable law.

(Source: Amended at 48 Ill. Reg. 17546, effective November 20, 2024)