ADMINISTRATIVE CODE

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  3. TITLE 38: FINANCIAL INSTITUTIONS
  4. CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 160 SALES FINANCE AGENCY ACT
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SUBPART A: GENERAL PROVISIONS

Section 160.1 Definitions
Section 160.2 Service by the Department
Section 160.5 Definitions (Repealed)
Section 160.10 Record Keeping
Section 160.15 Application for License/Controlling Person
Section 160.20 Transaction Register
Section 160.30 Individual Account Cards
Section 160.40 File of Original Papers
Section 160.50 Cash Book
Section 160.55 Permanent File
Section 160.60 Alphabetical Record of Buyers, Co-Purchasers and Obligors
Section 160.70 Payments
Section 160.80 Delinquency Charges (Default Charges)
Section 160.90 Cancellation and Return of Documents
Section 160.100 Extensions – Renewals – Rebates
Section 160.110 Hypothecation of Security Instruments
Section 160.120 Legal Forms
Section 160.130 Judgments
Section 160.140 Sale of Security
Section 160.150 Trouble File (Repealed)
Section 160.160 Lien Charges
Section 160.170 Insurance and Other Products
Section 160.180 Office and Office Hours
Section 160.190 Advertising
Section 160.200 Business Practices
Section 160.205 Name Change
Section 160.210 Examinations
Section 160.220 Credit Practices
Section 160.230 Reports
Section 160.240 Hearing Procedures
Section 160.250 Servicing of Accounts by Contract
Section 160.260 Off-site Records
Section 160.270 Revocation or Suspension of License
Section 160.280 Loan Sales
Section 160.300 Positive Net Worth

SUBPART B: HIGH RISK HOME LOANS

Section 160.500 Definitions (Repealed)
Section 160.505 Applicability of Rule (Repealed)
Section 160.510 Good Faith Requirements (Repealed)
Section 160.515 Fraudulent or Deceptive Practices (Repealed)
Section 160.520 Prohibited Refinances (Repealed)
Section 160.525 Negative Amortization (Repealed)
Section 160.530 Negative Equity (Repealed)
Section 160.535 Balloon Payments (Repealed)
Section 160.540 Financing of Certain Points and Fees (Repealed)
Section 160.545 Financing of Single Premium Insurance Products (Repealed)
Section 160.550 Lending Without Due Regard to Ability to Repay (Repealed)
Section 160.555 Verification of Ability to Repay (Repealed)
Section 160.560 Payments to Contractors (Repealed)
Section 160.565 Counseling Prior to Perfecting Foreclosure (Repealed)
Section 160.570 Mortgage Awareness Program (Repealed)
Section 160.575 Offer of Mortgage Awareness Program (Repealed)
Section 160.580 Third Party Review (Repealed)

Section 160.APPENDIX A Estimated Monthly Income and Expenses Worksheet (Repealed)

Section 160.APPENDIX A Estimated Monthly Income and Expenses Worksheet (Repealed)
Section 160.APPENDIX B Mortgage Ratio Worksheet (Repealed)
AUTHORITY: Implementing and authorized by Section 13 of the Sales Finance Agency Act [205 ILCS 660/13].
SOURCE: Filed September 21, 1970; amended at 5 Ill. Reg. 1358, effective February 3, 1981; codified at 7 Ill. Reg. 11728; amended at 9 Ill. Reg. 1370, effective January 17, 1985; amended at 12 Ill. Reg. 17844, effective October 24, 1988; amended at 19 Ill. Reg. 49, effective December 22, 1994; emergency amendment at 22 Ill. Reg. 1543, effective January 2, 1998; amended at 22 Ill. Reg. 13699, effective July 14, 1998; amended at 25 Ill. Reg. 6261, effective May 17, 2001; amended at 26 Ill. Reg. 14248, effective October 1, 2002; amended at 41 Ill. Reg. 11289, effective August 28, 2017; amended at 45 Ill. Reg. 4459, effective March 24, 2021; amended at 46 Ill. Reg. 2635, effective January 28, 2022; amended at 46 Ill. Reg. 12529, effective July 8, 2022; amended at 47 Ill. Reg. 9324, effective June 20, 2023; amended at 49 Ill. Reg. 3936, effective March 21, 2025; amended at 49 Ill. Reg. 11649, effective September 5, 2025.