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Documentary service fee max $58.48 in 2007

November 18, 2010

The state’s maximum documentary service fee for 2007 is $58.48, the Illinois attorney general’s office announced Dec. 15. 

The $1.15 increase over the 2006 maximum reflects a 2.0 rise in the federal consumer Price Index for the 12-month period ending Nov. 30. The index is tracked by the U.S. Department of Labor.

 

As always, the DOC fee is taxable and must be substantiated upon request by the attorney general’s office. 

The CATA developed a poster about the DOC fee that dealer members can post. On the poster, the DOC fee is left blank for dealers to fill in; any amount up to the maximum allowed may be charged, but all customers must be charged the same amount.

 

IMPORTANT: The new maximum fee cannot be charged before Jan. 1.

 

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