Section 345.140  Secretary's Review and Analysis

a)         The Commissioner shall review and analyze the default and foreclosure rate data reports submitted under Section 345.130.

b)         The reports and their analyses may be used:

1)         In setting the scope of a regularly scheduled examination.

2)         In setting the scope of a special examination.

3)         In comparing the reported information of a bank to other banks subject to this Act.

4)         In comparing the reported information of a bank to the reports submitted by banks and charters under other Acts.

c)         The Secretary may correspond with a bank to seek clarification of information contained in its report and to gather additional data concerning loans in default or loans in foreclosure.

(Source:  Amended at 35 Ill. Reg. 14946, effective September 9, 2011)