{"data":{"id":"us-il/815-ilcs-137-115","jurisdiction":"us-il","citation":"815 ILCS 137/115","heading":"","body":"Report of default and foreclosure rates on conventional loans.\n(a) On or before October 1 and April 1 of each year, each servicer of Illinois residential mortgage loans shall report to the Commissioner or the Director the default and foreclosure data of conventional loans for the 6-month periods ending June 30 and December 31, respectively.\n(b) Each servicer shall report the following information:\n(1) The average quarterly dollar amount of conventional one to 4 family mortgage loans secured by Illinois real estate.\n(2) The average quarterly number of conventional one to 4 family mortgage loans secured by Illinois real estate.\n(3) The average quarterly dollar amount of conventional one to 4 family mortgage loans secured by Illinois real estate that are in default over 90 days.\n(4) The average quarterly number of conventional one to 4 family mortgage loans secured by Illinois real estate that are in default over 90 days.\n(5) The dollar amount of foreclosures on one to 4 family conventional loans completed during the reporting period.\n(6) The number of foreclosures on one to 4 family conventional loans completed during the reporting period.\n(7) Whether any of the loans where a foreclosure was completed were originated less than 18 months before the completed foreclosure.\n(8) Whether any of the loans where a foreclosure was completed had a note rate greater than 10% for first lien mortgage loans or greater than 12% in the case of a junior lien.\n(c) An officer of the servicer shall sign the form.","path":["CHAPTER 815 BUSINESS TRANSACTIONS","High Risk Home Loan Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2499\u0026ChapterID=67\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"c1199c12c3e3ef4944e467190dc7de5147a9873fc86f67921833e594e9158ca0","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-137-110","next":"us-il/815-ilcs-137-120"},"notice":"GroundRules: Original legal text. Not legal advice."}