TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 110 CONSUMER INSTALLMENT LOAN ACT
SECTION 110.160 LIEN CHARGES
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.
(Source: Amended at 30 Ill. Reg. 12558, effective July 7, 2006)