TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1330 NO DUPLICATION TO BORROWER OF SELLER'S COSTS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1330 NO DUPLICATION TO BORROWER OF SELLER'S COSTS
Section 1050.1330 No Duplication to Borrower of Seller's Costs
No licensee may require a borrower to furnish, or charge a borrower for, items that are inconsistent with the licensee's usual standards for residential mortgage loans. Those items may include, but are not limited to, a survey or title commitment.
(Source: Amended at 29 Ill. Reg. 14808, effective September 26, 2005)