Ill. Admin. Code tit. 14, § 177.20 - Requirements for Filing
a) A
registration statement. The statement as shown in Illustration A will be
supplied by the Index Department and shall be used by the credit services
organization.
b) A one hundred
dollar ($100.00) filing fee. The fee shall be paid in cash, by money order,
certified check or personal check. No registration statement shall be accepted
and filed without the payment of the fee.
c) A $100,000.00 surety bond if a credit
services organization charges or receives any money or other valuable
consideration prior to full and complete performance of the services the credit
services organization agrees to perform (Section 5(1) of P.A. 85-1384). The
bond shall contain the same terminology as the bond shown in Illustration B.
The bond form will be supplied by the Index Department.
Notes
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