(215 ILCS 155/24)
(from Ch. 73, par. 1424)
Referral fee; penalty.
Except as permitted by this Act or by federal law,
regulations or opinion letters, no person shall pay or accept,
directly or indirectly, any commission, discount, referral fee
or other consideration as inducement or compensation for the
referral of title business or for the referral of any escrow or
other service from a title insurance company, independent escrowee
or title insurance agent.
Any violation of this Section 24 is a Class A misdemeanor.
(Source: P.A. 94-893, eff. 6-20-06.)