20-1586

20-1586. Rebates or reduced fees

A. No title insurer nor title insurance agent shall knowingly make any rebate of any portion of the fee or charge established pursuant to section 20-376.

B. No title insurer nor title insurance agent shall knowingly quote any fee or make any charge for a title insurance policy to any person which is less than that allowable pursuant to section 20-376. The amount by which any fee or charge is less than that prescribed by section 20-376 is an unlawful rebate.