Section 360.20  Fees

a)         The following fees listed in this subsection (a) shall be payable to the Department or to the Nationwide Mortgage Licensing System and Registry for transfer to the Department as approved by the Director.  The Director may specify the form of payment to the Department or to the NMLS, which may include certified check, money order, credit card, or other forms authorized by the Director.  The Director may specify that fees be paid separately or combined, and may pro-rate fees for implementation of the NMLS.  The NMLS shall be authorized to collect and process transaction fees or other fees related to licensees or other persons subject to the Act.

1)         Pawnshop License Application and Renewal.  For each application of an initial license and each application for an annual renewal of a license, the applicant shall pay a nonrefundable application fee of $1,000 and associated fees, as described in Sections 360.110, 360.120, 360.130, and 360.160.

2)         Change in Control or Form of Ownership.  The licensee shall pay a nonrefundable fee of $300 for each application for change of control or form of ownership filed pursuant to Section 360.150.

3)         Change of Name.  The licensee shall pay a nonrefundable fee of $50 for each application for change of name filed pursuant to Section 360.150.

4)         Change of Location.  The licensee shall pay a nonrefundable fee of $50 for each application for change of location filed pursuant to Section 360.150.

b)         A comprehensive fees schedule will be available on the NMLS website at www.nmls.org and/or on the Department website at http://www.idfpr.com and can also be provided in hardcopy upon written request.

(Source:  Amended at 46 Ill. Reg. 17955, effective October 27, 2022)