Section 663.670 Covenant Against Contingent Fees
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Illinois Administrative Code › Title 35 ENVIRONMENTAL PROTECTION › CHAPTER II: ENVIRONMENTAL PROTECTION AGENCY › Part 663 PROCEDURES FOR ISSUING LOANS FROM THE PUBLIC WATER SUPPLY LOAN PROGRAM TO PROVIDE FUNDING FOR LEAD SERVICE LINE REPLACEMENT › Section 663.670 Covenant Against Contingent Fees
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Section 663.670 Covenant Against Contingent Fees
The loan recipient shall warrant that no person or agency
has been employed or retained to solicit or secure a PWSLP loan upon an
agreement or understanding for a commission, percentage, brokerage, or
contingent fee. For breach or violation of this warranty, the Agency shall
have the right to annul the loan in accordance with Section 663.520 or to
deduct from the loan, or otherwise recover, the full amount of the commission,
percentage, brokerage, or contingent fee.
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