On Jun. 2, ILL FPR issued notice of community reinvestment fee.
ILL FPR reported that banks and covered mortgage licensees will be receiving a notice re Illinois community reinvestment act (CRA) annual fee due on Jul. 31, 2025.
Also published the related instructions for making annual CRA fee payments online.
Annual CRA Fee
Banks can make payments via paper check or through new online payment option.
There will be associated fee of 75 cents for e-checks and 2.25% for credit/debit cards.
for covered mortgage licensees: the ]
Annual fee for covered mortgage licensees will be invoiced through the NMLS.
Covered mortgage licensees fee payable through NMLS via Illinois CRA fee link.
