TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1350 COMPLIANCE WITH OTHER LAWS


 

Section 1050.1350  Compliance with Other Laws

 

Commitment and closing procedures, including those involving TILA-RESPA Intergrated Disclosures set forth at 12 CFR 1024 (2017) and 12 CFR 1026 (2017), of a licensee shall comply with applicable Federal and State statutes and regulations, including but not limited to the following:

 

a)         The Interest Act [815 ILCS 205];

 

b)         Mortgage Escrow Account Act [765 ILCS 910];

 

c)         Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505];

 

d)         The Truth in Lending Act (15 USC 1601) as implemented by Regulation Z (12 CFR 1026) (2017));

 

e)         The Real Estate Settlement Procedure Act of 1974 d (12 USC 2601) as implemented by Regulation X (12 CFR 1024) (2017).

 

(Source:  Amended at 41 Ill. Reg. 12405, effective October 6, 2017)