Illinois § 5-8
Full text of Illinois Illinois Compiled Statutes § 5-8, with citation guidance and answers to common questions.
§ 5-8.
Fees. (a) The expenses of administering this Act, including investigations and examinations provided for in this Act, shall be borne by and assessed against entities regulated by this Act. The Department may establish fees by rule, including in the following categories: (1) investigation of licensees and license applicant fees; (2) examination fees; (3) contingent fees; and (4) such other categories as may be required to administer this Act. (b) The Secretary shall charge and collect fees, which shall be nonrefundable unless otherwise indicated. (c) All fees currently assessed in accordance with 38 Ill. Adm. Code 205.35, as amended or recodified from time to time, shall remain in effect. Except for money required to be deposited into the TOMA Consumer Protection Fund pursuant to this Act, all moneys received by the Department shall be deposited into the Financial Institution Fund. Failure to pay any required fee by the due date shall subject the licensee to a penalty fee of $25 per day and disciplinary action. (Source: P.A. 103-991, eff. 8-9-24.)
Frequently Asked Questions About Illinois § 5-8
What does Illinois Compiled Statutes § 5-8 cover?
Section 5-8 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 5-8?
A common citation format is "Illinois Compiled Statutes § 5-8" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 5-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.