Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1050 - RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
Subpart L - COMMITMENT AND CLOSING PRACTICES
Section 1050.1350 - Compliance with Other Laws

Universal Citation: 38 IL Admin Code ยง 1050.1350

Current through Register Vol. 48, No. 12, March 22, 2024

Commitment and closing procedures, including those involving TILA-RESPA Intergrated Disclosures set forth at 12 CFR 1024 (2017) and 12 CFR 1026 (2017), of a licensee shall comply with applicable Federal and State statutes and regulations, including but not limited to the following:

a) The Interest Act [ 815 ILCS 205 ];

b) Mortgage Escrow Account Act [ 765 ILCS 910 ];

c) Consumer Fraud and Deceptive Business Practices Act [ 815 ILCS 505 ];

d) The Truth in Lending Act ( 15 USC 1601 ) as implemented by Regulation Z ( 12 CFR 1026 ) (2017));

e) The Real Estate Settlement Procedure Act of 1974 d ( 12 USC 2601 ) as implemented by Regulation X ( 12 CFR 1024 ) (2017).

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.