Section 1050.1920  Director's Review and Analysis

a)         The Director shall review and analyze the default and foreclosure rate data reports submitted under Section 1050.1910.

b)         The reports and their analyses may be used:

1)         In setting the scope of a regularly scheduled examination.

2)         In setting the scope of a special examination.

3)         In comparing the reported information of a licensee to other licensees subject to the Act.

4)         In comparing the reported information of a licensee to the reports submitted by licensees and charters under other Acts.

c)         The Director may correspond with a licensee to seek clarification of information contained in its report and to gather additional data concerning loans in default or loans in foreclosure.

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