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Illinois Administrative Code (Last Updated: March 27, 2024) |
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TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
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PART260. HOMEOWNER MORTGAGE REVENUE BOND PROGRAM |
| SUBPART A. GENERAL RULES |
| § 260.101. Authority |
| § 260.102. Purposes and Objectives |
| § 260.103. Definitions |
| § 260.104. Borrowing by the Authority |
| § 260.105. Compliance with Federal Law |
| § 260.106. Standards |
| § 260.107. Forms for the Program |
| § 260.108. Fees and Charges of the Authority |
| § 260.109. Waiver [Repealed] |
| § 260.110. Amendment |
| § 260.111. Severability |
| § 260.112. Gender and Number |
| § 260.113. Titles and Captions |
| § 260.114. Calendar Days |
| SUBPART B. LENDER APPLICATION PROCESS |
| § 260.201. Invitations to Participate in the Programs |
| § 260.202. Security for Allocation of Net Proceeds [Repealed] |
| § 260.203. Allocation of Net Proceeds for Purchase of Mortgage Loans [Repealed] |
| § 260.204. Notice of Acceptance |
| § 260.205. Commitments for Mortgage Loans |
| SUBPART C. HOMEBUILDER APPLICATION PROCESS |
| § 260.301. HomeBuilder Invitations [Repealed] |
| § 260.302. Reservation of Funds for Construction of Qualified Dwellings [Repealed] |
| § 260.303. Notice of Reservation of Funds [Repealed] |
| § 260.304. Real Estate Purchase Contracts [Repealed] |
| § 260.305. Transfer of Reserved Funds [Repealed] |
| SUBPART D. PURCHASE OF MORTGAGE LOANS |
| § 260.401. Mortgage Loans |
| § 260.402. Yield on Mortgage Loans |
| § 260.403. Terms and Conditions of the Purchase of Mortgage Loans |
| § 260.404. Prepayment |
| § 260.405. Targeted Area Residences |
| § 260.406. Supplemental Mortgage Coverage |
| § 260.407. Special Hazard Insurance [Repealed] |
| SUBPART E. ADMINISTRATIVE RULES |
| § 260.501. Restrictions on Return Realized by Lenders |
| § 260.502. Servicing of Mortgage Loans |
| § 260.503. Purchase of Authority Bonds [Repealed] |
| § 260.504. Equal Opportunity Lending |
| § 260.505. Inspection of Books and Records |
| § 260.506. Termination |
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SOURCE: Adopted at 18 Ill. Reg. 17229, effective November 16, 1994; amended at 22 Ill. Reg. 3851, effective February 4, 1998; emergency amendment at 31 Ill. Reg. 5883, effective March 30, 2007, for a maximum of 150 days; amended at 31 Ill. Reg. 12852, effective August 22, 2007; emergency amendment at 33 Ill. Reg. 1512, effective January 7, 2009, for a maximum of 150 days; amended at 33 Ill. Reg. 7295, effective May 22, 2009.
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Notation
AUTHORITY: Authorized by Sections 7.19 and 7.23 of the Illinois Housing Development Act [20 ILCS 3805/7.19 and 7.23].