TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.475 CHANGE IN BUSINESS ACTIVITIES


 

Section 1050.475  Change in Business Activities

 

Each licensee shall be required to provide advance written notice to the Director at least 10 business days prior to:

 

a)         Closing a full-service office; or

 

b)         Discontinuing brokering, originating, or servicing, as defined under the Act.

 

(Source:  Amended at 29 Ill. Reg. 14808, effective September 26, 2005)