TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1310 INCONSISTENT CONDITIONS PROHIBITED
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1310 INCONSISTENT CONDITIONS PROHIBITED
Section 1050.1310 Inconsistent Conditions Prohibited
No residential mortgage loan commitment shall contain conditions inconsistent with those required by this Part in effect at the time of application, unless those conditions are less onerous to the borrower.
(Source: Amended at 29 Ill. Reg. 14808, effective September 26, 2005)