Ill. Admin. Code tit. 38 § 110.160

Current through Register Vol. 48, No. 25, June 21, 2024

Section 110.160 - Lien Charges

a) All official fees paid for the purpose of perfecting or releasing a security interest in property given as collateral for a loan may be collected by a licensee from the obligor.

b) As a prerequisite for a loan, the licensee may require the prospective obligor to provide evidence of ownership and condition of title.

Ill. Admin. Code tit. 38, § 110.160

Amended at 30 Ill. Reg. 12558, effective July 7, 2006