Ill. Admin. Code tit. 47 § 302.204

Current through Register Vol. 48, No. 52, December 27, 2024

Section 302.204 - Administration of Program

The Authority will establish procedures to administer the HAF program, including application process and review that will include the following:

a) applications will be taken via an online application platform; processing staff will review files for program eligibility through applicant attestations, applicant provided documents and servicer provided mortgage information;

b) application controls and due diligence will include:

1) verification of applicant attestations, review of application documentation to ensure eligibility, verification of data provided by Servicers and approval, denial or escalation of application files as appropriate; and

2) review of application records and uploaded documents to validate compliance with the Authority's procedures (as identified in this Part); and

c) Authority staff will onboard Eligible Servicers, exchange Applicant mortgage or other relevant information, and initiate payments to Eligible Servicers.

Ill. Admin. Code tit. 47, § 302.204

Added by emergency amendment to emergency rule at 46 Ill. Reg. 538, effective 12/20/2021, for the remainder of the 150 days

Adopted at 46 Ill. Reg. 7714, effective 4/29/2022.