Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENT
Part 300 - HOMEOWNERSHIP MORTGAGE LOAN PROGRAM
Subpart E - ADMINISTRATIVE RULES
Section 300.505 - Termination
Universal Citation: 47 IL Admin Code ยง 300.505
Current through Register Vol. 48, No. 12, March 22, 2024
The Authority or designee shall retain the right to terminate its obligation to purchase Mortgage Loans under the Program, subject to applicable State law and to its existing contractual obligations, including contractual obligations arising under a Lender Application, a Notice of Reservation of Funds, a Notice of Acceptance, a Mortgage Purchase Agreement, or a Servicing Agreement.
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