Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

205 ILCS 635/7-8

(205 ILCS 635/7-8)
Sec. 7-8. Authority to require license.

In addition to any other duties imposed upon the Director by law, the Director shall require mortgage loan originators to be licensed and registered through the Nationwide Multistate Licensing System and Registry.  In order to carry out this requirement the Director is authorized to participate in the Nationwide Multistate Licensing System and Registry.  For this purpose, the Director may establish by agreement, order or rule requirements as necessary, including, but not limited to, the following:

(1) Background checks for:
(A) criminal history through fingerprint or

other databases;

            (B) civil or administrative records;
            (C) credit history; or
            (D) any other information as deemed necessary by

the Nationwide Multistate Licensing System and Registry.

(2) The payment of fees to apply for or renew

licenses through the Nationwide Multistate Licensing System and Registry;

(3) The setting or resetting as necessary of renewal

or reporting dates; and

(4) Requirements for amending or surrendering a

license or any other such activities as the Director deems necessary for participation in the Nationwide Multistate Licensing System and Registry.

(Source: P.A. 100-1153, eff. 12-19-18.)