Licensed professionals in the real-estate mortgage field were provided an opportunity to learn more about new federal rules aimed at improving consumer understanding of the home closing process last Friday in Springfield.
Licensed professionals in the real estate mortgage field are invited to learn more about new federal rules aimed at improving consumer understanding of the home closing process. The Illinois Department of Financial and Professional Regulation is hosting an informational panel on the TILA-RESPA Integrated Disclosure (TRID) to assist real estate brokers, lawyers, lenders and title insurers better understand the new compliance requirements.
Secretary Bryan A. Schneider with the Illinois Department of Financial and Professional Regulation (IDFPR) today announced that its Division of Financial Institutions is now utilizing the National Mortgage Licensing System (NMLS) to manage licenses that fall under the Transmitters of Money Act (TOMA), Payday Loan Reform Act (PLRA), Sales Finance Agency Act (SFA) and the Consumer Finance Installment Act (CILA).
The Illinois Department of Financial and Professional Regulation -(IDFPR) announced today that the Directors of Banking, Kerri A. Doll; Financial Institutions, Francisco Menchaca; Professional Regulation, Jay Stewart; and Real Estate, Kreg Allison signed the following enforcement orders in the month of June 2016.