Ill. Admin. Code tit. 38 § 1050.1355
Current through Register Vol. 48, No. 50, December 13, 2024
If a residential mortgage loan fails to close within a specified commitment period, the licensee shall provide detailed written notification, in plain English, to the applicant as to why the residential mortgage loan failed to close and specifying any resulting conditions that will affect the availability of the loan.
Ill. Admin. Code tit. 38, § 1050.1355
Amended at 29 Ill. Reg. 14808, effective September 26, 2005