Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 365 - PROCEDURES FOR ISSUING LOANS FROM THE WATER POLLUTION CONTROL LOAN PROGRAM
Subpart F - REQUIREMENTS APPLICABLE TO SUBAGREEMENTS
Section 365.670 - Covenant Against Contingent Fees
Universal Citation: 35 IL Admin Code ยง 365.670
Current through Register Vol. 48, No. 38, September 20, 2024
The loan recipient shall warrant that no person or agency has been employed or retained to solicit or secure a WPCLP loan upon an agreement or understanding for a commission, percentage, brokerage, or contingent fee. For breach or violation of this warranty, the Agency shall have the right to annul the loan in accordance with Section 365.520 or to deduct from the loan, or otherwise recover, the full amount of the commission, percentage, brokerage, or contingent fee.
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