TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION PART 125 THE FORMULATION AND ISSUANCE OF SCHEDULES OF MAXIMUM RATES FOR CHECK CASHING AND THE WRITING OF MONEY ORDERS OF COMMUNITY AND AMBULATORY CURRENCY EXCHANGES SECTION 125.70 PROCEDURE FOR CHARGING LESS THAN APPLICABLE MAXIMUM RATES
Section 125.70 Procedure for Charging Less than Applicable Maximum Rates
Any currency exchange may charge lower fees than those of the applicable maximum fee schedule after filing with the Director a schedule of the fees it proposes to use. That filing will be made in writing with the Director by email to FPR.CurrencyExchange@illinois.gov or by mail to any of the official addresses of the Illinois Department of Financial & Professional Regulation listed on https://www.idfpr.com. Upon receipt of the schedule of lower fees by the Director, the currency exchange submitting the schedule may not charge more than the fees set forth on the schedule; however, that currency exchange may revert to the maximum fee schedule upon notification to the Director in writing of its intention to do so as provided in this Section.
(Source: Amended at 45 Ill. Reg. 9954, effective July 26, 2021) |