Ill. Admin. Code tit. 38 § 1050.1920

Current through Register Vol. 48, No. 50, December 13, 2024

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.

Ill. Admin. Code tit. 38, § 1050.1920

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