Section 750.10  Definitions

The following definitions shall apply to this Part:

            "Account Enrollment Form" A form, substantially similar to Appendix C of this Part, which will be filed by a Program Depository upon enrolling a Participant.

            "Account Report Form" A form, substantially similar to Appendix D of this Part.

            "Certification Instruction Form" A form, substantially similar to Appendix B of this Part, which will accompany the Certification Notice Form.

            "Certification Notice Form" A form, substantially similar to Appendix A of this Part.

            "Effective Date" The effective date of P.A. 87-1206, H.B. 4119, the 1992 amendment to the Home Ownership Made Easy Act, which is September 25, 1992.

            "Employer Direct-Deposit Program" A program administered by a Participant's employer and Program Depository to make a direct deposit of some portion of the Participant's paycheck into a H.O.M.E. account.

            "Matching Deposit Program" A program by which a Participant's employer will match deposits made to a H.O.M.E. account according to a schedule determined by such employers individually.

            "Passbook Savings Account" An account at a certified Program Depository which utilizes a passbook retained by the Program Participant.

            "Program Depositories" The financial institutions certified by the Treasurer which will market and administer the H.O.M.E. Program after the Effective Date.

            "Qualifying Balance for transfer tax return eligibility" That portion of the purchase price of a home for which a certified H.O.M.E. Participant is exempt from paying the State real estate transfer tax.

(Source:  Amended at 22 Ill. Reg. 15631, effective August 24, 1998)