Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 130 - SCHEDULES OF MAXIMUM RATES TO BE CHARGED FOR CHECK CASHING AND WRITING OF MONEY ORDERS BY COMMUNITY AND AMBULATORY CURRENCY EXCHANGES
Section 130.40 - Maximum Rate - Issuance of Money Orders
Universal Citation: 38 IL Admin Code ยง 130.40
Current through Register Vol. 48, No. 12, March 22, 2024
a) The Maximum Rate. The maximum rate to be charged by community and ambulatory currency exchanges for issuing any money order shall not exceed an amount equal to 1% of the face amount of the money order plus a service charge of $.75.
b) Prohibition. No community or ambulatory currency exchange may charge a fee for issuing any money order in excess of the maximum rate set forth in subsection (a).
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