HB5384 establishes fee-setting provisions for the administration of various financial regulatory acts in Illinois.
HB5384 amends several financial regulatory acts in Illinois, establishing fee-setting provisions for the administration of these acts. It allows the Secretary of Financial and Professional Regulation to set fees for licensing, investigations, and examinations. The bill also removes requirements for annual investigations of currency exchange businesses and mandates the establishment of reasonable maximum rate schedules for check cashing and money order issuance. Additionally, it requires currency exchanges to prominently display their fees and mandates annual reports from licensees.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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