Sec. 23.1. Other fees.
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/il/chapter-815/act-405/23-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 23.1. Other fees. The seller may charge a premium for insurance, in lieu of perfecting a security interest, to the extent that the premium does not exceed the fees paid to public officials for determining the existence of or for perfecting or satisfying a security interest. The premium must be disclosed in the itemization of the amount financed.