50 Ill. Adm. Code 8100.1742
Notice of Interest
Section 8100
Section 8100.1742 Notice of
Interest
An independent escrowee shall
act without partiality to any of the parties to an escrow transaction. If an
independent escrowee or a person or company related to or affiliated with the
independent escrowee is a principal to the escrow transaction or is acting or
has acted in a capacity which can be construed as a conflict of interest in
relation to the escrow transaction, the independent escrowee shall advise in
writing all parties to the escrow transaction of such relationship or
affiliation before being employed as independent escrowee in connection with
such transaction. Such advice shall be on the face of the escrow instructions
in not less that eight (8) point bold type or its equivalent.