TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1410 GENERAL


 

Section 1050.1410  General

 

The exemption provision of Section 1-4(d) of the Act shall be construed to avoid duplication of licensing and regulatory supervision of the same or similar activity by State and Federal agencies.  To the extent that the specific conduct or business activity is not otherwise separately licensed or regulated, the provisions of Section 1-4(d) shall be strictly construed.

 

(Source:  Amended at 29 Ill. Reg. 14808, effective September 26, 2005)