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IL SB2037
Bill
Status
8/9/2019
Primary Sponsor
Rachelle Crowe
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AI Summary
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Amends the Illinois Notary Public Act to create a licensure requirement for notary public remittance agents who submit applications to the Secretary of State on behalf of applicants for compensation or otherwise.
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Requires remittance agents to have no history of administrative citations, criminal complaints, or civil actions arising from duties as a notary public remittance agent.
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Mandates remittance agents maintain a $20,000 surety bond to act as a remittance agent.
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Requires remittance agents to comply with all Secretary of State requirements for submission of notary public applications.
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Exempts units of local government from these licensure requirements.
Legislative Description
NOTARY PUBLIC REMITTANCE AGENT
Last Action
Public Act . . . . . . . . . 101-0366
8/9/2019