Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 110 - CONSUMER INSTALLMENT LOAN ACT
Subpart A - GENERAL PROVISIONS
Section 110.160 - Lien Charges
Universal Citation: 38 IL Admin Code ยง 110.160
Current through Register Vol. 48, No. 12, March 22, 2024
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.
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