Illinois Department of Financial & Professional Regulation Illinois Department of Financial & Professional Regulation
 
Manuel Flores, Acting Secretary  
Pat Quinn, Governor
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Residential Mortgage Board
 

Notice of Next Meeting - October 23, 2012


Duties: The Residential Mortgage Board was created to provide an advisory function to the Commissioner.

Membership Qualifications: The Board shall be composed of five members appointed by the Commissioner of Banks and Real Estate. The majority of persons on the Board shall have no financial interest in any residential mortgage business and one member shall be a representative of the Illinois Mortgage Bankers Association and one member shall be a representative of the Illinois Association of Mortgage Brokers.

Powers: The Board shall assist the Commissioner by:

  1. Submitting recommendations to the Commissioner for the efficient administration of this Act
  2. Performing other duties as are prescribed by the Commissioner.
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