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TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY PART 220 SINGLE FAMILY MORTGAGE PURCHASE PROGRAM SECTION 220.402 SERVICING OF MORTGAGE LOANS
Section 220.402 Servicing of Mortgage Loans
Pursuant to a Servicing Agreement, the Authority shall cause all Mortgage Loans Purchased by the Authority to be serviced by a Servicer, which may be the Lender from which such Mortgage Loans are purchased. The Authority shall prepare and distribute the Procedural Guide to all Servicers of Mortgage Loans. |