Illinois Administrative Code

Section 360.400 Scope The rules and procedures in this Subpart shall apply to proceedings in connection with an order issued by the Secretary pursuant to Section 10-5, 10-30, or 10-40 of the Act [205 ILCS 511/10-5, 10-30, 10-40]. The Secretary may issue an order to a licensee, ap…

Section 360.410 Grounds for an Order (Repealed) (Source: Repealed at 49 Ill. Reg. 14602, effective October 29, 2025)

Section 360.420 Effective Date of Order; Service An order issued by the Secretary is effective when served upon the licensee, applicant, principal party, employee, agent, person subject to the Act, or other entity doing business without the required license. All orders shall rema…

Section 360.500 Scope The rules and procedures of this Subpart shall apply to proceedings to assess and collect fines and penalties. The Secretary has the power to assess fines and penalties pursuant to Section 10-5(12) & (17) and 10-30(h)(5) of the Act. (Source: Amended at 49 Il…

Section 360.510 Assessment of Penalties (Repealed) (Source: Repealed at 49 Ill. Reg. 14602, effective October 29, 2025)

Section 360.520 Payment under and Service of an Order to Pay a) Payment. All fines and penalties collected under this Subpart shall be paid by certified check, money order, or other method of payment determined by the Division and be made payable to the Division through NMLS, whe…

Section 360.600 Scope The rules and procedures in this Subpart shall apply to proceedings in connection with the suspension or revocation of license of a pawnshop pursuant to Section 10-30 of the Act. The revocation or suspension of license shall not impair or affect the obligati…

Section 360.610 Grounds for Suspension of License (Repealed) (Source: Repealed at 49 Ill. Reg. 14602, effective October 29, 2025)

Section 360.620 Grounds for Revocation of License (Repealed) (Source: Repealed at 49 Ill. Reg. 14602, effective October 29, 2025)

Section 360.630 Notice to Customers If the Secretary enters an order revoking the license of a pawnshop, the Secretary shall, on the day the order becomes final, or such other day as the order prescribes, mail a written notification of revocation of license to all persons who hav…

Section 360.640 Effective Date of Revocation or Suspension; Service (Repealed) (Source: Repealed at 49 Ill. Reg. 14602, effective October 29, 2025) SUBPART H: RESPONSIBLE PAWNBROKER TRAINING

Section 360.700 Definitions (Repealed) (Source: Repealed at 49 Ill. Reg. 14602, effective October 29, 2025)

Section 360.710 Temporary Buying Location Registration Fees (Repealed) (Source: Repealed at 49 Ill. Reg. 14602, effective October 29, 2025)

Section 360.800 Application and Approval Process a) Before any person or entity can offer responsible pawnbroker training, it shall first apply to and receive approval as a vendor from the Department and pay the applicable fee. The application submission window is the period betw…

Section 360.810 Curriculum Requirements a) Subject to final approval of the Department, the curriculum for a responsible pawnbroker training program must include five or more of the following topics: 1) Federal, State, and local laws, administrative rules, and regulations that pe…

Section 360.820 Programmatic Requirements a) To maintain approval by the Department, a Responsible Pawnbroker Training vendor must meet the following requirements: 1) Provide a minimum of four hours of classroom or Internet-based online instruction time for individuals who are re…

Section 360.830 Responsible Pawnbroker Training Recordkeeping a) A vendor's records shall be maintained electronically and be available for inspection by the Department upon request. The Department may audit any records held by the responsible pawnbroker at any time. b) A vendor …

Section 360.840 Closure of an Approved Program The following procedures shall be followed for closure of an approved Responsible Pawnbroker Training vendor and removal from the approved list. The vendor shall: a) Notify the Department, in writing, postmarked or emailed at least 3…

Section 360.900 Pawnbroker Annual Report The Department shall, in conjunction with advice from a professional association that represents 50 or more licensees, issue an annual report, via an Internet-based program, of aggregate pawnbroker activity within 180 days after the beginn…

Section 360.910 Semiannual Report Beginning on April 1, 2026, on or before October 1 and April 1 of each calendar year, the Director shall submit a written report to the Secretary regarding expenses and activities of the Pawnbroker Section of the Division of Banking. The report s…

Section 365.10 Purpose and Scope This Part applies to all banks chartered under provisions of the Illinois Banking Act [205 ILCS 5].

Section 365.20 Definitions "Bank" means a state-chartered bank chartered under the provisions of the Illinois Banking Act [205 ILCS 5]. "Department" means the Illinois Department of Financial and Professional Regulation. "Division" means the Illinois Department of Financial and P…

Section 365.30 Applicability of Rule This Part shall apply only to payday loans made by a bank. Products and services offered by a bank that are not offered by lenders governed by the PLRA shall not be subject to this Part.

Section 365.40 Issuance of Payday Loans by Banks a) A bank making a payday loan shall satisfactorily address all safety and soundness considerations identified by the Division in its examination and supervision of the bank. Safety and soundness considerations include, without lim…

Section 370.10 Purpose and Scope This Part prescribes certain fee schedules and guidelines for the processing of corporate applications required by the Illinois Banking Act [205 ILCS 5], the Corporate Fiduciary Act [205 ILCS 620], the Foreign Banking Office Act [205 ILCS 645], th…

Section 370.20 Definitions "Act" means the Illinois Banking Act [205 ILCS 5]. "Department" means the Department of Financial and Professional Regulation. "Division" means the Department of Financial and Professional Regulation- Division of Banking with the authority delegated by …

Section 370.30 Fee Schedule; Administration of Corporate Application Fees a) Fees shall be submitted to the Division at the time of submission of any application or notice. All fees filed in connection with an application or notice are nonrefundable, regardless of whether the app…

Section 370.40 Special Examinations or Investigations a) Applications and notices submitted to the Director are subject to a special investigation or examination as considered necessary, in the Director's discretion, in order to make an informed decision regarding the application…

Section 370.50 Forms a) Forms and instructions for submitting applications and notices may be obtained from the Department's website or by contacting the Division's Corporate Activities Section. Information that is required by another regulatory authority that is also needed as p…

Section 370.60 Request for Confidential Treatment a) Under the provisions of the Illinois Freedom of Information Act [5 ILCS 140], an application or notice filed with the Division is considered a public document and available to the public upon request. b) If the applicant is of …

Section 370.70 Processing of Applications or Notices; Acceptance; Abandonment a) On or before the 15th business day after initial submission of an application, the Director shall issue a written notice informing the applicant either that the application is complete and accepted f…

Section 375.10 Purpose This Part sets forth the manner in which the Office of Banks and Real Estate shall calculate, assess and collect Call Report Fees, Electronic Data Processing Fees, Foreign Bank Representative Office Regulatory Fees, and Corporate Fiduciary Regulatory Fees p…

Section 375.20 Definitions "Call Report Fee" means the fee to be paid to the Commissioner by each state bank pursuant to Section 48(3)(a) of the Act. "Commissioner" means the Commissioner of the Office of Banks and Real Estate or a person authorized by the Commissioner to act in …

Section 375.30 Call Report Fees (Repealed) (Source: Repealed at 41 Ill. Reg. 15093, effective December 15, 2017)

Section 375.31 Electronic Data Processing Fee Each state bank shall pay to the Commissioner an Electronic Data Processing (EDP) Fee equal to 16% of the state bank's Call Report Fee. The EDP Fee shall be calculated by the Commissioner and billed to state banks for remittance with …

Section 375.32 Assessment of 3, 4, or 5 Rated State Banks 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…

Section 375.33 Foreign Banking Office Minimum Quarterly Fee The minimum quarterly fee for a foreign banking office holding a certificate of authority pursuant to the Foreign Banking Office Act [205 ILCS 645] shall be $2,500. (Source: Amended at 27 Ill. Reg. 487, effective Decembe…

Section 375.34 Corporate Fiduciary Regulatory Fees a) Each corporate fiduciary shall pay to the Commissioner a Corporate Fiduciary Regulatory Fee that shall be paid in quarterly installments equal to one-fourth of the sum of an annual fixed fee plus a variable exam-day fee. b) Th…

Section 375.36 Foreign Bank Representative Office Regulatory Fees a) An applicant for a foreign bank representative office license shall submit a completed application, in a form prescribed by the Commissioner, along with an application fee of $700. b) The Commissioner shall annu…

Section 375.40 Calculation of Call Report and Electronic Data Processing Fees for Resulting State Banks a) When a state bank results from a conversion by any financial institution other than a state bank and no statement of condition for such resulting state bank for the precedin…

Section 375.41 Calculation of Corporate Fiduciary Regulatory Fees for Resulting Corporate Fiduciaries When a corporate fiduciary results from a merger of one or more financial institutions into the resulting corporate fiduciary, the Corporate Fiduciary Regulatory Fee shall be cal…

Section 375.50 Assessment of Accrued Fees Against a Converting or Merging State Bank When a state bank converts to a national bank, merges into a resulting national bank, dissolves, surrenders its certificate of authority or in any other manner ceases to be a state bank, such sta…

Section 375.51 Assessment of Accrued Fees Against a Corporate Fiduciary When a corporate fiduciary surrenders its certificate of authority, that corporate fiduciary shall be liable on a pro rata basis to the Commissioner for the accumulated Corporate Fiduciary Regulatory Fee up t…

Section 375.60 Credits and Additional Assessments Not Applicable to Resulting National Banks A financial institution other than a state bank that results from a conversion by, or merger with, a state bank shall not be eligible for any credit and shall not be liable for any additi…

Section 375.70 Payment by Electronic Transfer or Automatic Debit Payment of all fees assessed by the Commissioner pursuant to Section 48(3) of the Act [205 ILCS 5/48(3)], Section 17 of the Foreign Banking Office Act [205 ILCS 645/17], and Section 5-10 of the Corporate Fiduciary A…

Section 380.10 Purpose The applicable Act, as defined in Section 380.20, requires the Secretary to examine, at least once within each time period specified in the applicable Act, the affairs of every state bank, as defined in Section 380.20, except that an examination conducted b…

Section 380.20 Definitions "Applicable Act" means Section 48(2)(a) of the Illinois Banking Act (IBA) [205 ILCS 5] in the case of state banks chartered under the IBA, and also means Section 9004 of the Savings Bank Act (SBA) [205 ILCS 205] in the case of a savings bank chartered u…