Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(205 ILCS 670/15d)
(from Ch. 17, par. 5419)
Extra charges prohibited; exceptions.
No amount in addition to the charges authorized by this Act shall be
directly or indirectly charged, contracted for, or received, except (1) lawful
fees paid to any public officer or agency to record, file or release
security; (2) (i) costs and disbursements actually incurred in connection
with a real estate loan, for any title insurance, title examination, abstract
of title, survey, or appraisal, or paid to a trustee in connection with
a trust deed, and (ii) in connection with a real estate loan those
charges authorized by Section 4.1a of the Interest Act, whether called
"points" or otherwise, which charges are imposed as a condition for making
the loan and are not refundable in the event of prepayment of the loan;
(3) costs and disbursements, including reasonable
attorney's fees, incurred in legal proceedings to collect a loan or to
realize on a security after default; and (4) an amount not exceeding
plus any actual expenses incurred in connection with a check or draft that is
not honored because of
insufficient or uncollected funds or because no such account exists. This
Section does not prohibit the
receipt of a commission, dividend, charge, or other benefit by
the licensee or by
an employee, affiliate, or associate of the licensee from the insurance
permitted by Sections 15a and 15b of this Act or from insurance in lieu of
perfecting a security interest provided that the premiums for such insurance do
not exceed the fees that otherwise could be contracted for by the licensee
under this Section. Obtaining any of the items
referred to in clause (i) of item (2) of this Section through the licensee
or from any person specified by the licensee shall not be a condition
precedent to the granting of the loan.
(Source: P.A. 101-658, eff. 3-23-21.)