Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE38. FINANCIAL INSTITUTIONS |
PART1050. RESIDENTIAL MORTGAGE LICENSE ACT OF 1987 |
SUBPARTL. COMMITMENT AND CLOSING PRACTICES |
§1050.1310. Inconsistent Conditions Prohibited
Latest version.
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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)