Nothing contained in this Act shall be construed as giving any authority to the Secretary to set or otherwise adjust the fees charged to the parties to the transaction for:
        (1) issuing a title insurance policy, including any
    
service charge or administration fee for the issuance of a title insurance policy;
        (2) abstracting, searching and examining title;
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Terms Used In Illinois Compiled Statutes 215 ILCS 155/19

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.

        (3) preparing or issuing preliminary reports,
    
property profiles, commitments, binders, or like product;
        (4) closing fees, escrow fees, settlement fees, and
    
like charges.
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