During this crisis, the Department of Financial and Professional Regulation (Department) reminds all consumer credit licensees that they are required to comply with any Executive Order issued by the Governor of Illinois or other federal, state, or local mandate regarding the origination, servicing, or collection of consumer debt including, but not limited to Executive Order 2020-16.
Date Created:
04-14-2020
Agency ID:
ISL ID:
000000086054 Original UID: 197607 FIRST WORD: Consumer
The Department of Financial and Professional Regulation (Department) intends to promulgate a rule in substantial conformity with the rule promulgated by the NCUA under the Federal Credit Union Act to increase the residential appraisal threshold.
Date Created:
05-01-2020
Agency ID:
ISL ID:
000000086063 Original UID: 197616 FIRST WORD: Guidance
The Department of Financial and Professional Regulation (Department) intends to promulgate a rule in substantial conformity with the rule promulgated by the NCUA under the Federal Credit Union Act to allow a federal credit union to temporarily defer certain appraisals and written estimates of market value for up to 120 days after closing.
Date Created:
05-01-2020
Agency ID:
ISL ID:
000000086064 Original UID: 197617 FIRST WORD: Guidance
For all TOMA licensees who are required to submit financial statements pursuant to 205 ILCS 657/40(3) for TOMA licensees renewed for calendar year 2020, the Department grants an extension of time pursuant 205 ILCS 657/45.
Date Created:
04-30-2020
Agency ID:
ISL ID:
000000086065 Original UID: 197618 FIRST WORD: Guidance