CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1451 REAL ESTATE TIMESHARE ACT OF 1999
SECTION 1451.95 FEES
Section 1451.95 Fees
a) Initial Application
1) Timeshare Plans:
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Single-Site Timeshare Plan.............................................................. |
$1,500 |
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Multi-Site Timeshare Plan that offers a Specific Timeshare Interest |
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– Each component site offered in Illinois......................................... |
$1,500 |
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– Each component site not offered in Illinois (maximum $1,500)...... |
$50 |
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Multi-Site Timeshare Plan that includes a Non-Specific Timeshare Interest........................................................................................... |
$3,000 |
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– Each component site included in the Multi-Site Timeshare Plan (maximum $15,000).................................................................... |
$500 |
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Preliminary Permit........................................................................... |
$500 |
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2) |
Acquisition Agent (one time initial registration per developer)........... |
$500 |
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3) |
Sales Agent (one time initial registration per developer).................... |
$500 |
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4) |
Managing Entity Registration Fee (one time initial registration per entity)............................................................................................. |
$500 |
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5) |
Exchange Company........................................................................ |
$250 |
b) Annual Renewal Fees
1) Timeshare Plans:
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Single-Site Timeshare Plan.............................................................. |
$1,000 |
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Multi-Site Timeshare Plan that offers a Specific Timeshare Interest |
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– Each component site offered in Illinois......................................... |
$1,000 |
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– Each component site not offered in Illinois (maximum $1,000)...... |
$25 |
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Multi-Site Timeshare Plan that offers a Non-Specific Timeshare Interest........................................................................................... |
$2,000 |
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– Each component site included in the Multi-Site Timeshare Plan (maximum $10,000).................................................................... |
$250 |
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2) |
Acquisition Agent (one time initial registration per developer)........... |
$100 |
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3) |
Sales Agent (one time initial registration per developer).................... |
$100 |
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4) |
Managing Entity (one time initial registration per developer).............. |
$100 |
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5) |
Exchange Company........................................................................ |
$100 |
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6) |
Late Renewal................................................................................. |
$50 |
c) Amendment Fees
1) Timeshare Plans:
Single-Site Timeshare Plan
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– Add accommodations or units..................................................... |
$1,000 |
Multi-Site Timeshare Plan that offers a Specific Timeshare Interest:
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– Add units to a component site to be offered in Illinois................... |
$1,000 |
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– Add a new component site to be offered in Illinois....................... |
$1,000 |
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– Add a new component site not offered in Illinois (maximum $1,500)...................................................................................... |
$50 |
Multi-Site Timeshare Plan that includes a Non-Specific Timeshare Interest:
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– Add units to a component site..................................................... |
$1,000 |
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– Add a new component site.......................................................... |
$1,000 |
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2) |
Exchange Company ……………………………………………. |
$250 |
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3) |
All other amendments to an existing registration............................... |
$250 |
d) Roster of Registrants ……………………………………………………....$10
(Source: Amended at 35 Ill. Reg. 15044, effective September 9, 2011)