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Securities

REGISTRATION AND LICENSING


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An application for registration must be filed with the Secretary of State on Illinois Form IL LB15-10  PDF, Application to Register as a Loan Broker in the State of Illinois, together with Illinois Form LB15  PDF, Consent to Service of Process (if not incorporated or authorized to transact business in Illinois), the disclosure document required under Section 15-30(b) of the law, a bond required under Section 15-15(b) and the filing fee. The loan broker will be registered when the application is complete and accurate provided there are no statutory disqualifications.

Changes that render information on the application or documents on file with the Secretary of State inaccurate must be reported to the Secretary of State within 10 business days of the occurrence of the change. Registrants must file for renewal of registration annually.

Fees:

Initial Application Filing Fee: $300

Initial Examination Fee: $50

Registration Fee: $10

Annual Renewal Fee: $300

Annual Examination Fee: $50

Late fees are assessed when the required forms or fees are not timely filed or paid.

DISCLAIMER
The Secretary of State, Illinois Securities Department or their information providers shall not be liable regardless of the cause or duration, for any errors, inaccuracies, omissions or untimeliness of the information, or for any delay or interruption in the transmission thereof to the user, or for any claims or losses arising therefrom.

 
 
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