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TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987 SECTION 1050.2185 VIOLATIONS OF TAX ACTS
Section 1050.2185 Violations of Tax Acts
The Director shall refuse to issue or renew, or shall suspend or revoke, the Certificate of Registration of any applicant or Loan Originator who fails to file a return, pay the tax, penalty, or interest shown in a filed return, or pay any final assessment of tax, penalty, or interest, as required by any other tax Act administered by the Department of Revenue, Internal Revenue Service, or any other tax agency, until such time as the requirements of any such tax Act are satisfied as determined by the appropriate taxing agency.
(Source: Amended at 29 Ill. Reg. 14808, effective September 26, 2005) |