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| Public Act 099-0324 | ||||
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AN ACT concerning transportation.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Vehicle Code is amended by changing | ||||
Sections 3-801, 3-905, and 15-314 as follows:
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(625 ILCS 5/3-801) (from Ch. 95 1/2, par. 3-801)
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Sec. 3-801. Registration. | ||||
(a) Except as provided herein for new residents,
every | ||||
owner of any vehicle which shall be operated upon the public | ||||
highways
of this State shall, within 24 hours after becoming | ||||
the owner or at such
time as such vehicle becomes subject to | ||||
registration under the provisions
of this Act, file in an | ||||
office of the Secretary of State, an application
for | ||||
registration properly completed and executed. New residents | ||||
need not secure
registration until 30 days after establishing | ||||
residency in this State,
provided the vehicle is properly | ||||
registered in another jurisdiction. By the
expiration of such | ||||
30 day statutory grace period, a new resident shall
comply with | ||||
the provisions of this Act and apply for Illinois vehicle
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registration. All applications for registration shall be | ||||
accompanied by all
documentation required under the provisions | ||||
of this Act. The appropriate
registration fees and taxes | ||||
provided for in this Article of this Chapter
shall be paid to | ||||
the Secretary of State with the application for
registration of | ||
vehicles subject to registration under this Act.
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(b) Any resident of this State, who has been serving as a | ||
member of the
United States Armed Services outside of the State | ||
of Illinois, need not
secure registration until 45 days after | ||
returning to this
State, provided the vehicle displays | ||
temporary military registration.
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(c) When an application is submitted by mail, the applicant | ||
may not
submit cash or postage stamps for payment of fees or | ||
taxes due. The
Secretary in his discretion, may decline to | ||
accept a personal or company
check or electronic payment in | ||
payment of fees or taxes. An application submitted to a dealer, | ||
or
a remittance made to the Secretary of State shall be deemed | ||
in compliance
with this Section.
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(Source: P.A. 85-1209.)
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(625 ILCS 5/3-905) (from Ch. 95 1/2, par. 3-905)
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Sec. 3-905. Bond; fee; duration of license. Such applicant | ||
shall,
with
his application, deposit with the Secretary of | ||
State a bond as hereinafter
provided, for each location at | ||
which the applicant intends to act as a
remittance agent. The | ||
application shall be accompanied by the payment of a
license | ||
fee in the sum of $50.00 (or $25.00 if such application is | ||
filed
after July 1) for each location at which he proposes to | ||
act as a remittance
agent. If the applicant shall have complied | ||
with all of the requirements of
this Section and the Secretary | ||
of State shall find after investigation that
the applicant is | ||
financially sound and of good business integrity, he shall
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issue the required license. Such license shall terminate on | ||
December 31 of
the year for which it is issued, but upon | ||
application prior to November 15
of any year for which a | ||
license is in effect may be renewed for the next
succeeding | ||
calendar year. Such application shall be accompanied by the
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payment of an annual license fee of $50.00 for each location at | ||
which the
applicant proposes to act as a remittance agent and | ||
the posting of the bond
herein provided, for each such | ||
location.
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The bond required by this Section shall be for the term of | ||
the
license, or renewal thereof, for which application is made, | ||
and shall
run to the People of the State of Illinois, with | ||
surety by a bonding or
insurance company authorized to do | ||
business in this State, to be
approved by the Secretary of | ||
State. It shall be conditioned upon the
proper transmittal of | ||
all remittances by the applicant as a
remittance agent and the | ||
performance of all undertakings in connection
therewith. It | ||
shall be in the minimum sum of $10,000, or in an amount
equal | ||
to the aggregate sum of money transmitted to the State by
the | ||
applicant during the highest 15 day period in the fiscal
year
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immediately preceding the one for which application is made | ||
(rounded to
the nearest $1,000), whichever is the greater. | ||
However, for the purpose
of determining the bond requirements | ||
hereunder, remittances made by
applicants in the form of money | ||
orders, or checks, or electronic payments which are made | ||
payable
directly to the Secretary of State or the Illinois | ||
Department of
Revenue by the remitter, shall not be
considered | ||
in the aggregate. The bond requirement of this
Section shall | ||
not
apply to banks, savings and loan associations, and credit
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unions chartered by the State
of Illinois or the United States; | ||
provided that the banks, savings
and
loan associations, and | ||
credit unions provide to the
Secretary of State an affidavit | ||
stating that
the bank, savings and loan association, or credit | ||
union is
sufficiently bonded to meet the
requirements as | ||
required above. Such affidavit shall be signed by an officer
of | ||
the bank, savings and loan association, or credit union and
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shall be notarized.
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(Source: P.A. 87-206; 88-470; 88-643, eff. 1-1-95.)
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(625 ILCS 5/15-314) (from Ch. 95 1/2, par. 15-314)
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Sec. 15-314. Payment of Fees. The Department shall | ||
prescribe the time
and method of payment of all appropriate | ||
fees authorized by Section 15-302
through 15-313.
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The Department may, at its discretion, establish credit | ||
accounts with billing
to be made at intervals not exceeding one | ||
month.
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Failure to pay invoices in full within a period of 30 days | ||
after the billing
date shall be sufficient cause for the | ||
Department to withhold issuance of
any further permits or | ||
credit to the individual, company, or subsidiary firm.
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The Department is authorized to charge a service fee of $3 | ||
for a dishonored payment check
returned for any reason. All | ||
money received by the
Department under the provisions of this | ||
Section shall be deposited in
the Road Fund. No refund shall be | ||
made to applicant following issuance
of a permit if move is not | ||
completed.
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(Source: P.A. 81-199.)
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