Illinois adopted rules modifying examination fees under the Community Reinvestment Act (CRA). Per the rule adoption, entities licensed under the Residential Mortgage License Act that are subject to examination under the CRA must pay an annual examination fee based upon the total number of mortgage loans shown on the entity’s Mortgage Call Reports for the previous calendar year. Previously, entities were billed following completion of an examination. The examination fee for 2025 is due on January 1, 2025. The examination fee for each year after 2025 is due within 30 days after the start of each fiscal year. Fiscal year means a period beginning on July 1 and ending on June 30 of the next calendar year.
Click to view the IL RA 20264: https://www.tenaco.com/wp-content/uploads/2024/12/IL-RA-20264-12-09-24.pdf
