TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 360 LICENSING AND REGULATION OF PAWNBROKERS
SECTION 360.160 EXPIRATION AND RENEWAL OF LICENSES; FEES
Section 360.160 Expiration and Renewal of Licenses; Fees
a) License Expiration. Every license shall expire on June 30 of each year. The holder of a license may request to renew such license by filing an application with the Secretary.
b) License Renewal. All applications for license renewal for the succeeding license period must be mailed to the Secretary and be postmarked no later than June 1 of each year. An application package and related instructions will be mailed to all licensees prior to May 1 of each year at the address listed on their most recent application. All applications must be submitted on the form prescribed in Section 360.210 of this Part, in accordance with the Secretary's instructions. The payment of the Renewal Fee of $765 must accompany the application. In addition to the applicable Renewal Fee, a Late Filing Fee of $50 per day shall be assessed for all applications postmarked after June 1 of each year, unless an exception has been granted by the Secretary. All applications for license renewal will be held to the standards set forth in Section 360.130 of this Part. The application process will be administered according to the rules set forth in Section 360.120 of this Part. The Renewal Fee will not be prorated.
(Source: Amended at 35 Ill. Reg. 14957, effective September 9, 2011)