Illinois Compiled Statutes 205 Financial Regulation: Article III - Operations, Capitalization, Insurance

• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-1
  Bonds of licensees. (a) Every licensee, with respect to any person appointed or elected to any position requiring the receipt of payment, management, or use...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-2
  Annual audit. (a) At the licensee's fiscal year-end, but in no case more than 12 months after the last audit conducted pursuant to this Section,...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-3
  Advertising. In addition to such other rules, regulations and policies as the Commissioner may promulgate to effectuate the purpose of this Act, the Commissioner...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-4
  Office and staff within the State. (a) A licensee whose principal place of business is located in the State of Illinois shall maintain at least...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-5
  Net worth requirement. A licensee that holds a license on the effective date of this amendatory Act of the 93rd General Assembly shall have...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-7
  Transfer of Servicing; Notices. Whenever the servicing of a residential mortgage is transferred or sold by a licensee, notice shall be given to the...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-8
  Discrimination and Redlining Prohibited. (a) It shall be considered discriminatory to refuse to grant loans or to vary the terms of loans or the...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-9
  Escrow Funds. The Commissioner may promulgate rules with respect to placement in escrow accounts by any licensee of any money, fund, deposit, check or...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 3-10
  (Repealed). (Source: P.A. 90-772, eff. 1-1-99. Repealed by P.A. 90-772, eff. 1-1-99.)

Last modified: February 18, 2015