Section 1050.1350  Compliance with Other Laws

Commitment and closing procedures, including those involving TILA-RESPA Intergrated Disclosures set forth at 12 CFR 1024 (2017) and 12 CFR 1026 (2017), of a licensee shall comply with applicable Federal and State statutes and regulations, including but not limited to the following:

a)         The Interest Act [815 ILCS 205];

b)         Mortgage Escrow Account Act [765 ILCS 910];

c)         Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505];

d)         The Truth in Lending Act (15 USC 1601) as implemented by Regulation Z (12 CFR 1026) (2017));

e)         The Real Estate Settlement Procedure Act of 1974 d (12 USC 2601) as implemented by Regulation X (12 CFR 1024) (2017).

(Source:  Amended at 41 Ill. Reg. 12405, effective October 6, 2017)