TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1030 PROHIBITED PRACTICE
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1030 PROHIBITED PRACTICE
Section 1050.1030 Prohibited Practice
No licensee shall knowingly provide, or offer to provide, for any borrower any loan brokerage services, as defined by the Act, under any arrangement with any entity other than a licensee or an entity exempt from licensing by Section 1-4(d) of the Act.
(Source: Amended at 29 Ill. Reg. 14808, effective September 26, 2005)