Illinois Compiled Statutes 215 ILCS 155 Title Insurance Act. Section 23

    (215 ILCS 155/23) (from Ch. 73, par. 1423)

    Sec. 23. Violation; penalties.

    (a) Any violation of any of the provisions of this Act and, beginning January 1, 2013, any violation of any of the provisions of Article 3 of the Residential Real Property Disclosure Act shall constitute a business offense and shall subject the party violating the same to a penalty of $1000 for each offense.

    (b) Nothing contained in this Section shall affect the right of the Secretary to revoke or suspend a title insurance company's or independent escrowee's certificate of authority or a title insurance agent's registration under any other Section of this Act.

(Source: P.A. 97-891, eff. 8-3-12.)

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Last modified: February 18, 2015