IL HB5148

Reduces Annual Dealer Recovery Fund Fee from $500 (primary location) and $50 (additional locations) to a flat $50 fee for all vehicle dealers.

Lowers the threshold for suspending fee collection from $3,500,000 to $1,500,000 Fund balance as of August 31st, allowing fee suspension for qualifying dealers when fund reaches this lower amount.

Reduces maximum claim award amount from $35,000 to $25,000 for victims of dealership closings seeking reimbursement from the Dealer Recovery Trust Fund.