Ill. Admin. Code tit. 47 § 366.107

Current through Register Vol. 48, No. 52, December 27, 2024

Section 366.107 - Fees and Charges of the Authority

The Authority may establish and collect a Commitment Fee from each HomeBuilder executing a HomeBuilder Participation Agreement in an amount not to exceed three percent (3%) of such HomeBuilder's Reservation. The Authority shall return any Commitment Fee to any HomeBuilder with which it does not enter into a HomeBuilder Participation Agreement.

Ill. Admin. Code tit. 47, § 366.107