Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1050 - RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
Subpart P - DEFAULT AND FORECLOSURE RATES ON CONVENTIONAL LOANS
Section 1050.1920 - Director's Review and Analysis
Universal Citation: 38 IL Admin Code ยง 1050.1920
Current through Register Vol. 48, No. 12, March 22, 2024
a) The Director shall review and analyze the default and foreclosure rate data reports submitted under Section 1050.1910.
b) The reports and their analyses may be used:
1) In setting the scope of a regularly
scheduled examination.
2) In
setting the scope of a special examination.
3) In comparing the reported information of a
licensee to other licensees subject to the Act.
4) In comparing the reported information of a
licensee to the reports submitted by licensees and charters under other
Acts.
c) The Director may correspond with a licensee to seek clarification of information contained in its report and to gather additional data concerning loans in default or loans in foreclosure.
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