Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

625 ILCS 5/18c-5104

(625 ILCS 5/18c-5104) (from Ch. 95 1/2, par. 18c-5104)

Sec. 18c-5104.

Transfer of Brokers' Licenses.

(1) Transfer of Brokers' Licenses Permitted.
A broker's license may be transferred, with Commission
approval, under the conditions specified in this Section and
in accordance with such regulations as the Commission may
prescribe.

(2) Procedures for Transferring Brokers' Licenses.
The provisions of Article III of the Sub-chapter 4 of this Chapter that
define a transfer and which govern the form and
manner of filing of applications for approval of the transfer
of a motor carrier of property license, notice to be given to
the public, and hearing, shall likewise govern the transfer
of a broker's license.

(3) Standards for Review of Transfer Applications.
The Commission shall grant an application for authority to
transfer a broker's license where:

(a) The application was properly filed on forms prescribed
by the Commission;

(b) The person has remitted the filing fee prescribed by the
Commission; and

(c) The transferee is fit, willing, and able under the terms
of Section 18c-5103 of this Chapter.

Otherwise, the application shall be denied.

(Source: P.A. 84-796.)

625 ILCS 5/18c-5105

(625 ILCS 5/18c-5105) (from Ch. 95 1/2, par. 18c-5105)

Sec. 18c-5105.

Bonds and Insurance.

The Commission may prescribe for brokers such requirements
regarding bonds, insurance, and the terms of coverage thereof, as
the Commission determines are needed to protect carriers,
shippers, consignors, and consignees of freight with respect to which
brokering service is provided.  Unless otherwise provided by the
Commission, such requirements shall be the same as are applicable
to property brokers under the Interstate Commerce Act and
regulations adopted thereunder.

(Source: P.A. 84-796.)

625 ILCS 5/18c-5106

(625 ILCS 5/18c-5106) (from Ch. 95 1/2, par. 18c-5106)

Sec. 18c-5106.

Records of Brokers.

(1) Records to be Kept by Brokers.
A broker shall keep a record of each transaction which shows:

(a) The name, address, and license number of the motor
carrier or carriers;

(b) The name and address of the shipper, consignor, and
consignee;

(c) The Bill of Lading or freight bill number;

(d) The amount of compensation received by the broker for
brokering service, and the identity of the payor;

(e) A description of any non-brokering service provided in
connection with each shipment or other activity, the
amount of compensation received for such non-brokering
service, and the identity of the payor;

(f) The amount of any freight charges collected by the
broker, the date on which such charges were paid over to
the carrier, and the amount of payment to the carrier;
and

(g) Any other information which the Commission may
prescribe.

(2) Maintenance of Records.
Records required to be kept under this Section shall be
maintained at an office within the State of Illinois, unless
maintenance of an office outside the State of Illinois is
expressly authorized by the Commission, and shall be
maintained for a period of 3 years after the date on
which the shipment was delivered.

(3) Accounting.
Each broker which engages in other business shall maintain
accounts so that the brokering portion of its business or businesses is
segregated from its other activities.

(Source: P.A. 84-796.)

625 ILCS 5/18c-5107

(625 ILCS 5/18c-5107) (from Ch. 95 1/2, par. 18c-5107)

Sec. 18c-5107.

Brokers and Motor Carrier Applications.

A Broker shall not have standing to support any application for
motor carrier of property authority.

(Source: P.A. 84-796.)