Ill. Admin. Code tit. 38 § 1050.1350

Current through Register Vol. 48, No. 25, June 21, 2024

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).

Ill. Admin. Code tit. 38, § 1050.1350

Amended at 36 Ill. Reg. 250, effective January 1, 2012

Amended at 41 Ill. Reg. 12405, effective 10/6/2017