Illinois Compiled Statutes 205 ILCS 635 Residential Mortgage License Act of 1987. Section 2-5

    (205 ILCS 635/2-5) (from Ch. 17, par. 2322-5)

    Sec. 2-5. Refusal to Issue License. The Commissioner shall refuse to license or renew a license if:

        (1) it is determined that the applicant is not in

    compliance with any provisions of the Act; or

        (2) there is substantial continuity between the

    applicant and any violator of this Act; or

        (3) the Commissioner cannot make the findings

    specified in Section 2-2, subsection (a), of this Act.

(Source: P.A. 86-137; 87-642.)

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Last modified: February 18, 2015