Current through Register Vol. 48, No. 44, November 1, 2024
Section 1055.440 - Examination Authority and Cooperationa) Pursuant to the Secretary's authority under the ILCRA, including, but not limited to, Sections 35-15 and 35-25 of the ILCRA, the Secretary and the Secretary's appointees may examine the entire books, records, documents, and operations of each covered mortgage licensee or its directors, employees, and agents under oath.b) A covered mortgage licensee shall be required to fully cooperate in any examination conducted pursuant to this Part. Cooperation includes, but is not limited to: 1) timely and full production of books, records, and documents, in any reasonable format requested by the Department; and2) ensuring all officers, directors, employees, and agents of the covered mortgage licensee are available for depositions or interviews upon reasonable notice.Ill. Admin. Code tit. 38, § 1055.440
Added at 48 Ill. Reg. 7172, effective 5/1/2024