Illinois Compiled Statutes 310 Housing: Article -

• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 1
  This Act may be cited as the Illinois Mortgage Insurance Fund Act. (Source: P.A. 86-1475.)
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 2
  The General Assembly hereby finds, determines and declares: (a) That there exists throughout the State a seriously inadequate supply of safe, sanitary and affordable...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 3
  The following terms, whenever used or referred to in this Act, shall have the following meanings, except in such instances where the context may...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 4
  There is hereby created a body corporate and politic which shall be an agency of the State of Illinois by the name of the...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 5
  There is hereby created the Mortgage Insurance Fund. The Agency shall have custody of the Mortgage Insurance Fund, which shall be held outside of...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 6
  The Agency shall have the following powers: (a) To establish application fees and prescribe application, notification, contract and insurance forms, rules and regulations it...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 6.1
  The Agency shall undertake such studies, investigations and research as are required to identify the needs of the homeless mentally ill persons of this...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 7
  (a) The Agency shall adopt regulations specifying the percentage of the outstanding principal indebtedness which may be insured under this Act with respect to...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 8
  The Agency shall allocate not less than 75% of its available mortgage insurance assistance to eligible urban and rural areas throughout the State. The...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 9
  In order to classify a mortgage as a qualified mortgage under this Act, the Agency must first find: (a) That the property which is...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 10
  The Agency shall establish procedures to be followed by a mortgagee in the event of a default under the terms of any mortgage insured...
• Illinois Mortgage Insurance Fund Act. - 310 ILCS 45, Section 11
  The Agency and the Mortgage Insurance Fund created hereunder shall not be subject to the Illinois Insurance Code, as amended. (Source: P.A. 83-1392.)

Last modified: February 18, 2015