Voucher Advertising and Fee-Splitting – State of Illinois

Voucher Advertising and Fee-Splitting

On April 10, 2013, the Illinois Department of Financial and Professional Regulation’s published a letter on their website titled; “Voucher Advertising and Fee Splitting”. (Groupon and Living Social sites) The letter states that fee-splitting does not apply as long as (1) the negotiated fee between both parties represents reasonable compensation for the cost of the advertising and (2) the advertisement incorporates clear and easily visible terms – conditions of the offer (stated in the letter) that will allow the consumer to make an informed choice for purchase.

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