Ill. Admin. Code tit. 38 § 1050.1325
Current through Register Vol. 48, No. 25, June 21, 2024
Any licensee that intentionally delays the processing of an application during periods of interest rate fluctuations so that the delay causes a borrower to incur higher costs regarding a residential mortgage loan shall be liable to the borrower for such costs.
Ill. Admin. Code tit. 38, § 1050.1325
Amended at 29 Ill. Reg. 14808, effective September 26, 2005