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.