9.4 Fees and Deposits
(a) Registration Fee - All applicants desiring authorization under this rule shall pay a registration fee of $100 at the time the petition for authorization is filed and an annual renewal fee of $100 thereafter.
(b) Deposit-Bond Certificates - At the time the petition is approved, the petition seeking authority to issue or guarantee bond certificates shall deposit and maintain with the Clerk of the Circuit Court of Cook County, as follows:
(i) Truck Bond Certificates - A sum of $50,000 of which $10,000 shall be in cash and the balance in cash or securities approved by the chief judge; and/or
Auto Bond Certificates - A sum of $25,000 of which $5,000 shall be in cash and the balance in cash or securities approved by the chief judge; and
(ii) A written guarantee authorizing the payment of judgments for fines, penalties and costs, not to exceed $160 for any single offense or $500 for multiple offenses arising out of the same occurrence for auto bond certificates, or not to exceed $500 for truck bond certificates, including ex-parte judgments for failure of any certificate holder to appear in court, and empowering the clerk to deduct each month from the deposit the sum of such judgments and costs. The guarantee shall also provide for the restoration of the required deposit within ten (10) days from the receipt of notice of such deductions and an authorization to the Chief Judge upon default, to order the sale of so many of the securities deposited as may be necessary to satisfy such judgments and costs.
(c) Refund - After the expiration of one year from the termination of its authority, a guarantor may petition the chief judge for a refund of its security deposit. Upon the payment of outstanding obligations of the guarantor, if any, the security deposit may be refunded.
[Amended, effective September 15, 2010.]