Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART260. HOMEOWNER MORTGAGE REVENUE BOND PROGRAM |
SUBPARTE. ADMINISTRATIVE RULES |
§260.502. Servicing of Mortgage Loans
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The Authority shall cause all Mortgage Loans purchased by the Authority to be serviced by a Servicer pursuant to the Servicing Agreement. The Servicer may be the Authority, the Lender from which the Mortgage Loans are purchased, or any other party approved by the Authority.
(Source: Amended at 33 Ill. Reg. 7295, effective May 22, 2009)