Ill. Admin. Code tit. 38 § 1050.1315

Current through Register Vol. 48, No. 25, June 21, 2024
Section 1050.1315 - Avoidance of Commitment

If a residential mortgage loan applicant and the subject residential real estate meet a licensee's normal standards, the licensee shall not refuse to make a residential mortgage loan to the applicant in order to avoid complying with terms stated in written agreements between the licensee and borrower or in written disclosures required by this Part.

Ill. Admin. Code tit. 38, § 1050.1315

Amended at 29 Ill. Reg. 14808, effective September 26, 2005