(815 ILCS 175/15-20)
Renewal of registration.
(a) A loan broker may not continue engaging in the business
of loan brokering unless the broker's registration is renewed
annually. A loan broker shall renew the registration by filing
with the Secretary of State, at least 30 days before the
expiration of the registration, an application containing any
information the Secretary of State may require by rule or
regulation or order to indicate any material change from the
information contained in the applicant's original application or
any previous application.
(b) An application for renewal must be accompanied by a
filing fee in the amount specified in subsection (a) of Section 15-25 of this
Act. The application and fee is
not returnable in any event.
(c) Notwithstanding the foregoing, applications for renewal of
registration of loan brokers may be filed within 30 days following the
expiration of the registration provided that the applicant pays the annual
registration fee together with an additional amount equal to the annual
registration fee and files any other information or documents that the
Secretary of State may prescribe by rule or order. Any application filed
within 30 days following the expiration of the registration shall be
automatically effective as of the time of the earlier expiration provided that
the proper fee has been paid to the Secretary of State.
(Source: P.A. 92-308, eff. 1-1-02.)