Sec 20-1586. Rebates or reduced fees

Latest version.

A. No title insurer nor title insurance agent shall knowingly make any rebate of any portion of the fee or charge established pursuant to section 20-376.

B. No title insurer nor title insurance agent shall knowingly quote any fee or make any charge for a title insurance policy to any person which is less than that allowable pursuant to section 20-376. The amount by which any fee or charge is less than that prescribed by section 20-376 is an unlawful rebate.

                    
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