Illinois Compiled Statutes 205 Financial Regulation: Article IV - Supervision

• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-1
  Commissioner of Banks and Real Estate; functions, powers, and duties. The functions, powers, and duties of the Commissioner of Banks and Real Estate shall include...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-1.5
  Residential Finance Regulatory Fund. (a) The aggregate of all moneys collected by the Secretary under this Act shall be paid promptly after receipt of the...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-2
  Examination; prohibited activities. (a) The business affairs of a licensee under this Act shall be examined for compliance with this Act as often as the...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-3
  Subpoena power of the Commissioner. (a) The Commissioner shall have the power to issue and to serve subpoenas and subpoenas duces tecum to compel...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-4
  Report Required of Licensee; False Statements; Delay; Penalties.(a) In addition to any reports required under this Act, every licensee shall file such other reports...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-5
  Suspension, revocation of licenses; fines. (a) Upon written notice to a licensee, the Commissioner may suspend or revoke any license issued pursuant to this Act...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-6
  Investigation of Complaints. The Commissioner shall at all times maintain staff and facilities adequate to receive, record and investigate complaints and inquiries made by...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-7
  Additional investigation and examination authority. In addition to any authority allowed under this Act, the Director shall have the authority to conduct investigations and examinations...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-8
  Default rate; examination. (a) The Commissioner shall obtain from the U.S. Department of Housing and Urban Development on a semi-annual basis that Department's default...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-8.1
  Confidential information. In hearings conducted under this Act, information presented into evidence that was acquired by the licensee when serving any individual in connection...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-8.1A
  Confidentiality. (a) In order to promote more effective regulation and reduce regulatory burden through supervisory information sharing, except as otherwise provided in federal Public Law...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-8.2
  Reports of violations. Any person licensed under this Act or any other person may report to the Commissioner any information to show that a person...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-8.3
  Annual report of mortgage brokerage and servicing activity. On or before March 1 of each year or the date selected for Mortgage Call Reports under...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-9
  (Repealed). (Source: P.A. 89-355, eff. 8-17-95. Repealed by 90-301, eff. 8-1-97.)
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-9.1
  Mortgage call reports. Each residential mortgage licensee shall submit to the Nationwide Mortgage Licensing System and Registry reports of condition, which shall be in the...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-10
  Rules and Regulations of the Commissioner. (a) In addition to such powers as may be prescribed by this Act, the Commissioner is hereby authorized and...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-11
  Costs of Supervision; Examination and Investigative Fees. The expenses of administering this Act, including investigations and examinations provided for in this Act shall be borne...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-12
  Appeal and Review. (a) Any person or entity affected by a decision of the Commissioner under any provision of this Act may obtain review...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-13
  Violations of this Act; Commissioner's Orders. If the Commissioner finds, as the result of examination, investigation or review of reports submitted by a licensee...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-14
  Collection of fees. Unless exempt from licensure under this Act, no person engaged in or offering to engage in any act or service, for...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-15
  Enforcement and reporting provisions. The Attorney General may enforce any violation of Section 5-6, 5-7, 5-8, 5-9, 5-10, 5-11, 5-12, 5-14, or 5-15 of this...
• Illinois Residential Mortgage License Act of 1987. - 205 ILCS 635, Section 4-16
  Private right of action. A borrower injured by a violation of the standards, duties, prohibitions, or requirements of Sections 5-6, 5-7, 5-8, 5-9, 5-10, 5-11,...

Last modified: February 18, 2015