Illinois Administrative Code
Title 14 - COMMERCE
Part 140 - REGULATIONS UNDER THE ILLINOIS BUSINESS BROKERS ACT OF 1995
Subpart J - RULES OF GENERAL APPLICATION
Section 140.2110 - Payment of Fees
Current through Register Vol. 48, No. 12, March 22, 2024
a) Fees under the Act are as follows:
Section 10-10
|
Filing, Examination and Registration Fee |
$200 |
(plus $50 for each person who is engaged in business brokering on behalf of the business brokerage firm in excess of 2) |
|
Branch Office Fee |
$20 |
(if in excess of 2 branch offices in this State) |
Section 10-20
|
Renewal Filing and Examination Fee |
$200 |
(plus $50 for each person who is engaged in business brokering on behalf of the business brokerage firm in excess of 2) |
|
Renewal Branch Office Fee |
$20 |
(if in excess of 2 branch offices in this State) |
|
Renewal Late Fee |
$100 |
(if the renewal application is filed within 29 days preceding the expiration of the current registration) |
|
Business Broker Fee to report a change in its form of organization or change of its name |
$20 |
|
|
Service of Process (when served upon the Secretary) |
$10 |
Section 10-50
|
Certificate |
$10 |
|
Certified Copy of Document |
$10 plus |
|
Each Page Certified |
$.50 |
Section 10-115
|
Notice of Lien |
As specified in the Uniform Commercial Code [810 ILCS 5/9-403 through 9 -406] |
|
|
Amendment to Notice of Lien |
As specified in the Uniform Commercial Code [810 ILCS 5/9-403 through 9-406] |
|
|
Non-Binding Statement |
$75 |
|
|
Duplication of Documents Each Page Duplicated |
$.50 |
|
|
Additional fee for payment of fee returned to the Securities Department due to insufficient funds or for a similar reason |
$50 |
|
b) All payments of fees, except for payment of administrative fines and Notices of Liens pursuant to Section 10-115 under the Act, as set forth below, shall be made by check, money order, certified check, bank cashier's check, or indicia of forms of electronic transfer of funds payable to the "Secretary of State". No third party check or money order endorsed over to the Secretary of State shall be accepted as payment of any fee. All payments for administrative fines, in excess of $500, under the Act, except for a person registered under Section 10-10 or 10-20 of the Act, shall be made by money order, certified check or bank cashier's check.
c) Any person whose payment of fees is returned to the Securities Department due to insufficient funds or for a similar reason shall pay to the Secretary of State the amount of fee owed plus an additional fee as set forth in this Section for each payment returned. This fee shall include the fee required by 5 ILCS 290/10.
d) The Secretary of State shall require any person to make payment of fees in the form of a money order, certified check, or bank cashier's check if any previous payment of fees has been returned to the Securities Department due to insufficient funds or for a similar reason.
e) All payment of fees under the Act, except Notices of Liens under Section 10-115 of the Act, shall be deemed to be filed and the fees paid upon receipt by the Securities Department, provided that the fee paid is not less or more than $5 of the amount due.
