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) |