No sponsorship fees, or other special fees designed to induce their participation, shall be paid to a financial institution in connection with any mortgage consolidation, and any compensation paid to either the financial institution or any of its representatives shall be only in accordance with Section 151 and all other applicable provisions of this Code.
215 ILCS 5/1310
Compensation
Known as the Mortgage Insurance Consolidation Law
The act spans §§ 215-5-1300 to 215-5-1312 (13 sections).
P.A. 86-378.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.