![]() |
TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL INSTITUTIONS PART 125 THE FORMULATION AND ISSUANCE OF SCHEDULES OF MAXIMUM RATES FOR CHECK CASHING AND THE WRITING OF MONEY ORDERS OF COMMUNITY AND AMBULATORY CURRENCY EXCHANGES SECTION 125.70 PROCEDURE FOR CHARGING LESS THAN APPLICABLE MAXIMUM RATES
Section 125.70 Procedure for Charging Less than Applicable Maximum Rates
Any currency exchange may charge lower fees than those of the applicable maximum fee schedule after filing with the Director a schedule of the fees it proposes to use. Such filing shall be made in writing with the Director of the Department of Financial Institutions in person or by mail either at The State of Illinois Building, 160 North LaSalle, Chicago, Illinois 60601, or at 421 East Capitol Street, Springfield, Illinois 62706. Upon receipt of said schedule of lower fees by the Director, the currency exchange submitting the schedule may not charge more than the fees set forth on said schedule; however, that currency exchange may revert to the maximum fee schedule upon notification of the Director in writing of its intention to do so. |