Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 125 - THE FORMULATION AND ISSUANCE OF SCHEDULES OF MAXIMUM RATES FOR CHECK CASHING AND THE WRITING OF MONEY ORDERS OF COMMUNITY AND AMBULATORY CURRENCY EXCHANGES
Section 125.20 - Purposes

Universal Citation: 38 IL Admin Code ยง 125.20

Current through Register Vol. 47, No. 52, December 29, 2023

Pursuant to the authority set forth in Section 125.10 these Rules accomplish the following purposes:

a) Establish the procedures and criteria to be followed by the Director in establishing maximum rate schedules for the cashing of checks and writing of money orders by community and ambulatory currency exchanges;

b) Establish the procedures to be followed for charging less than the applicable maximum fee schedule;

c) Establish the form and procedure for the submission, consideration and disposition of petitions filed by interested parties requesting an increase of the rates set forth in the maximum rate schedule;

d) Establish the form and procedure for the submission, consideration and disposition of petitions filed by interested parties requesting the promulgation of new Rules or the amendment of any of the Rules set forth hereafter.

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