TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 110 CONSUMER INSTALLMENT LOAN ACT
SECTION 110.215 DOCUMENT PREPARATION FEE


 

Section 110.215  Document Preparation Fee

 

Except for Small Consumer Loans, a licensee may assess the obligor a document preparation fee not to exceed $25.  This fee may be assessed for consummated loans only and shall be itemized and disclosed in the loan contract as prescribed under the federal Truth in Lending Act.  In the event of prepayment in full, no portion of this fee is required to be refunded.

 

(Source:  Amended at 35 Ill. Reg. 7319, effective April 21, 2011)