CHAPTER VIII: OFFICE OF BANKS AND REAL ESTATE
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1451 REAL ESTATE TIMESHARE ACT OF 1999
SECTION 1451.95 FEES
Section 1451.95 Fees
a) Initial Registration Fees
1) Developer Registration Fee:
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Single-Site Timeshare Plan.............................................................. |
$1,500 |
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Multi-Site Timeshare Plan that includes a Specific Timeshare Interest |
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– For each component site offered in Illinois................................... |
$1,500 |
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– For each component site not offered in Illinois (maximum $1,500) |
$50 |
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Multi-Site Timeshare Plan that includes a Non-Specific Timeshare Interest....................................................................................... |
$3,000 |
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– For each component site included in the Multi-Site Timeshare Plan (maximum $15,000)............................................................ |
$500 |
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Preliminary Permit........................................................................... |
$500 |
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2) |
Acquisition Agent Registration Fee (one time initial registration per entity)............................................................................................. |
$500 |
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3) |
Sales Agent Registration Fee (one time initial registration per entity). |
$500 |
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4) |
Managing Entity Registration Fee (one time initial registration per entity)............................................................................................. |
$500 |
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5) |
Exchange Company Registration Fee.............................................. |
$250 |
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6) |
Resale Agent Registration Fee......................................................... |
$500 |
b) Registration Renewal Fees
1) Developer Registration Fee:
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Single-Site Timeshare Plan.............................................................. |
$1,000 |
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Multi-Site Timeshare Plan that includes a Specific Timeshare Interest |
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– For each component site offered in Illinois................................... |
$1,000 |
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– For each component site not offered in Illinois (maximum $1,000) |
$25 |
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Multi-Site Timeshare Plan that includes a Non-Specific Timeshare Interest....................................................................................... |
$2,000 |
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– For each component site included in the Multi-Site Timeshare Plan (maximum $10,000)............................................................ |
$250 |
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2) |
Acquisition Agent Registration Fee (one time initial registration per entity)............................................................................................. |
$100 |
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3) |
Sales Agent Registration Fee (one time initial registration per entity). |
$100 |
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4) |
Managing Entity Registration Fee (one time initial registration per entity)............................................................................................. |
$100 |
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5) |
Exchange Company Registration Fee.............................................. |
$100 |
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6) |
Resale Agent Registration Fee......................................................... |
$250 |
c) Amendment Fees
1) Single-Site Timeshare Plan:
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– Adding accommodations or units................................................. |
$1,000 |
2) Multi-Site Timeshare Plan that includes a Specific Timeshare Interest:
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– Adding units to a component site to be offered in Illinois.............. |
$1,000 |
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– Adding a new component site to be offered in Illinois................... |
$1,000 |
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– Adding a new component site not offered in Illinois (maximum $1,500)...................................................................................... |
$50 |
3) Multi-Site Timeshare Plan that includes a Non-Specific Timeshare Interest:
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– Adding units to a component site................................................. |
$1,000 |
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– Adding a new component site..................................................... |
$1,000 |
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4) |
All other amendments to an existing registration............................... |
$250 |