Fees

TITLE 38: FINANCIAL INSTITUTIONS CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION PART 360 LICENSING AND REGULATION OF PAWNBROKERS SECTION 360.20 FEES Section 360.20  Fees a)         The following fees listed in this subsection (a) shall be payable to the Department or to the Nationwide Mortgage Licensing System and Registry for transfer to the Department as approved by the Director.  The Director may specify the form of payment to the Department or to the NMLS, which may include certified check, money order, credit card, or other forms authorized by the Director.  The Director may specify that fees be paid separately or combined, and may pro-rate fees for implementation of the NMLS.  The NMLS shall be authorized to collect and process transaction fees or other fees related to licensees or other persons subject to the Act. 1)         Pawnshop License Application and Renewal.  For each application of an initial license and each application for an annual renewal of a license, the applicant shall pay a nonrefundable application fee of $2,000. 2)         Investigation Fee.  For the initial application of a pawnshop license, the applicant shall pay a non-refundable investigation fee of $800. 3)         Change in Control or Form of Ownership.  The licensee shall pay a nonrefundable fee of $300 for each application for change of control or form of ownership filed pursuant to Section 360.150. 4)         Change of Name.  The licensee shall pay a nonrefundable fee of $50 for each application for change of name filed pursuant to Section 360.150. 5)         Change of Location.  The licensee shall pay a nonrefundable fee of $50 for each application for change of location filed pursuant to Section 360.150. 6)         Annual Examination Fee. A)        Each fiscal year, a licensee shall pay an annual examination fee to the Department based upon the total dollar amount financed for all pawns during the previous calendar year, as reported to the Department pursuant to Section 10-60 of the Act [205 ILCS 511/10-60(a)(2)], at the following rates: TOTAL DOLLAR AMOUNT FINANCED FISCAL YEAR 2026 EXAM FEE FISCAL YEAR 2027 EXAM FEE AND BEYOND $0-249,999 $280 $280 $250,000 and above $530 $530 B)        For purposes of this subsection, "fiscal year" means a period beginning on July 1 of any calendar year and ending on June 30 of the next calendar year.  All fees received pursuant to this Part shall be deposited in the Pawnbroker Regulation Fund . [205 ILCS 511/10-10] The fee for each fiscal year shall be due within 30 days after the start of each fiscal year. b)         A comprehensive fees schedule will be available on the NMLS website at www.nmls.org and/or on the Department website at www.idfpr.illinois.gov and can also be provided in hardcopy upon written request.