Ill. Admin. Code tit. 38 § 1050.640

Current through Register Vol. 48, No. 50, December 13, 2024

Section 1050.640 - Annual Report of Brokerage Activity

a) Each licensee and service corporation of savings and loan associations and subsidiaries or affiliates of certain banks and foreign banking organizations exempted from licensing by Section 1-4(d)(viii) and (ix) of the Act, which broker residential mortgage loans, shall file an Annual Report of Brokerage Activity.

b) The Annual Report of Brokerage Activity shall include the names of the loan funders, dollar amount of the loans and with whom the licensee had mortgage brokerage agreements including any specific loan programs and any aggregate dollar limits.

Ill. Admin. Code tit. 38, § 1050.640

Amended at 29 Ill. Reg. 19187, effective November 10, 2005