Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 375 - CALCULATION, ASSESSMENT AND COLLECTION OF PERIODIC FEES
Section 375.32 - Assessment of 3, 4, or 5 Rated State Banks
Universal Citation: 38 IL Admin Code ยง 375.32
Current through Register Vol. 48, No. 12, March 22, 2024
If a state bank has received a Uniform Financial Institution Rating System (UFIRS) composite rating of 3, 4, or 5 on its last state or federal examination, the state bank's total quarterly fee shall be increased by 25% for a 3 rated bank and 50% for a 4 or 5 rated bank on the bank's subsequent quarter billing. This assessment shall stay in effect until the quarter following the state bank's receipt of a UFIRS composite rating of 1 or 2 at the next state or federal examination.
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