Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1050 - RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
Subpart M - EXEMPTION GUIDELINES
Section 1050.1410 - General
Universal Citation: 38 IL Admin Code ยง 1050.1410
Current through Register Vol. 48, No. 12, March 22, 2024
The exemption provision of Section 1-4(d) of the Act shall be construed to avoid duplication of licensing and regulatory supervision of the same or similar activity by State and Federal agencies. To the extent that the specific conduct or business activity is not otherwise separately licensed or regulated, the provisions of Section 1-4(d) shall be strictly construed.
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