§1050.1350. Compliance with Other Laws  


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  • Commitment and closing procedures, including those involving TILA-RESPA Intergrated Disclosures set forth at 12 CFR 1024 (2017) and 12 CFR 1026 (2017), of a licensee shall comply with applicable Federal and State statutes and regulations, including but not limited to the following:

     

    a)         The Interest Act [815 ILCS 205];

     

    b)         Mortgage Escrow Account Act [765 ILCS 910];

     

    c)         Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505];

     

    d)         The Truth in Lending Act (15 USC 1601) as implemented by Regulation Z (12 CFR 1026) (2017));

     

    e)         The Real Estate Settlement Procedure Act of 1974 d (12 USC 2601) as implemented by Regulation X (12 CFR 1024) (2017).

     

(Source:  Amended at 41 Ill. Reg. 12405, effective October 6, 2017)