GroundRules
← Search the law
Illinois · Through at least Public Act 104-790

815 ILCS 137/120: Review and analysis.

Read at publisher ↗
Where this section sits in the code
  1. CHAPTER 815 BUSINESS TRANSACTIONS
  2. High Risk Home Loan Act.

(a) The Commissioner or Director shall review and analyze the default and foreclosure rate data reports submitted under Section 115.

(b) The reports and their analyses may be used for the following purposes:

(1) In setting the scope of a regularly scheduled examination.

(2) In setting the scope of a special examination.

(3) In comparing the reported information of a servicer.

(c) The Commissioner or the Director may correspond with a servicer to seek clarification of information contained in its report and to gather additional data concerning loans in default or loans in foreclosure.

Collected 2026-09-15T04:46:47Z. Source file · JSON

Browse this collection