Illinois § 3-11 Remote location operations

Illinois Statutes

§ 3-11 — Remote location operations

Illinois § 3-11

JurisdictionIllinois

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 635/Residential Mortgage License Act of 1987.

Art.Article III - Operations, Capitalization, Insurance

This text of Illinois § 3-11 (Remote location operations) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

205 Ill. Comp. Stat. 3-11 (2026).

Text

Licensees may allow mortgage loan originators to work from a remote location if:

(1)the licensee has written policies and procedures for the supervision of mortgage loan originators working from a remote location;

(2)access to company platforms and customer information is in accordance with the licensee's comprehensive written information security plan;

(3)no in-person customer interaction occurs at a mortgage originator's residence unless that residence is a licensed location;

(4)physical records are not maintained at a remote location;

(5)customer interactions and conversations about consumers will be in compliance with federal and State information security requirements, including applicable provisions under the federal Gramm-Leach-Bliley Act and the Safeguards Rule established by

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Licensees may allow mortgage loan originators to work from a remote location if: (1) the licensee has written policies and procedures for the supervision of mortgage loan originators working from a remote location; (2) access to company platforms and customer information is in accordance with the licensee's comprehensive written information security plan; (3) no in-person customer interaction occurs at a mortgage originator's residence unless that residence is a licensed location; (4) physical records are not maintained at a remote location; (5) customer interactions and conversations about consumers will be in compliance with federal and State information security requirements, including applicable provisions under the federal Gramm-Leach-Bliley Act and the Safeguards Rule established by the Federal Trade Commission and set forth in 16 CFR Part 314, as such requirements may be amended from time to time; (6) mortgage loan originators working at a remote location access the company's secure systems, including a cloud-based system, directly from any out-of-office device the mortgage loan originator uses, including, but not limited to, a laptop, phone, desktop computer, or tablet, via a virtual private network or comparable system that ensures secure connectivity and requires passwords or other forms of authentication to access; (7) the licensee ensures that appropriate security updates, patches, or other alterations to the security of all devices used at remote locations are installed and maintained; (8) the licensee has an ability to remotely lock or erase company-related contents of any device or otherwise remotely limit all access to a company's secure systems; and (9) the Nationwide Multistate Licensing System and Registry record of a loan originator that works from a remote location designates the principal place of business as the loan originator's registered location unless the loan originator elects another licensed branch office as a registered location.