URGENT MESSAGE REGARDING YOUR 2014 IL RESIDENTIAL MORTGAGE LICENSE RENEWAL
The Illinois Residential Mortgage License 2014 Renewal deadline is December 31, 2013. Licensees with a pending deficiency(s) for their 2014 renewal application which have not been approved by the Department on or before December 31, 2013, will be and is considered inactive on January 01, 2014. All business activity MUST CEASE until the license has been approved. Failure to comply WILL BE SUBJECT TO POTENTIAL DISCIPLINARY ACTION for the period of January 01, 2014 until the license has been approved for renewal.
All mortgage companies that intend to close their doors on January 01, 2014 must submit a request for surrender to the Department before operations cease.
David Espinoza, Assistant Director, Bureau of Residential Finance