205 ILCS 635/4-13: Violations of this Act; Commissioner's Orders.
Where this section sits in the code
- CHAPTER 205 FINANCIAL REGULATION
- Residential Mortgage License Act of 1987.
If the Commissioner finds, as the result of examination, investigation or review of reports submitted by a licensee that the business and affairs of a licensee are not being conducted in accordance with this Act, the Commissioner shall notify the licensee of the correction necessary. Should a licensee fail to correct such violations, the Commissioner shall issue an order requiring immediate correction and compliance with this Act, specifying a reasonable date for performance.
The Commissioner shall promulgate rules and regulations to provide for an orderly and timely appeal of all orders within the Office of the Commissioner. Such rules shall include provision for assessment of fees and costs.
Collected 2026-09-15T04:46:29Z. Source file · JSON