Nothing contained in this Act shall be construed as giving any authority to the Secretary to set or otherwise adjust the fees charged to the parties to the transaction for: (1) issuing a title insurance policy, including any service charge or administration fee for the issuance of a title insurance policy; (2) abstracting, searching and examining title; (3) preparing or issuing preliminary reports, property profiles, commitments, binders, or like product; (4) closing fees, escrow fees, settlement fees, and like charges.
215 ILCS 155/19
Secretary powers; pricing
Known as the Title Insurance Act
The act spans §§ 215-155-1 to 215-155-9 (37 sections).
P.A. 94-893, eff. 6-20-06.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.