Illinois Statutes

§ 4-13 — Violations of this Act; Commissioner's Orders

Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 635/ Residential Mortgage License Act of 1987.·Art. Article IV - Supervision
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.

Free access — add to your briefcase to read the full text and ask questions with AI

Illinois § 4-13 (Violations of this Act; Commissioner's Orders) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Source: P.A. 85-735.)

Nearby Sections

15
View on official source ↗