TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 375 CALCULATION, ASSESSMENT AND COLLECTION OF PERIODIC FEES
SECTION 375.32 ASSESSMENT OF 3, 4, OR 5 RATED STATE BANKS


 

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 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.

 

(Source:  Amended at 27 Ill. Reg. 487, effective December 27, 2002)