Ill. Admin. Code tit. 50, § 8100.1738 - Printed Instructions

a) A preprinted form of escrow instructions shall not contain:

1) an authorization or direction to disburse any money except to an authorized independent escrowee prior to recordation of instruments in escrows relating to real property or prior to consummation of sale in escrows relating to bulk sales of personal property; or

2) an authorization or direction to deliver, except to a duly authorized subescrow agent or record instruments affecting ownership or interest in real or personal property, prior to deposit with the independent escrowee of the full sum of money required to be deposited in escrow under escrow instruction.

b) Nothing contained in this Section shall prohibit:

1) the insertion of such authorization in the form of escrow instructions, in handwriting or typewriting, at the direction of the party executing such instructions; or

2) an instruction authorizing disbursements in payment of services, fees or other items of expense.

Notes

Ill. Admin. Code tit. 50, § 8100.1738