Pursuant to Executive Order # 2016-13, issued by Gov. Bruce Rauner (R-IL) (https://www2.illinois.gov/Pages/government/execorders/2016_13.aspx), the Illinois Department of Financial Institutions has repealed several parts of Ill. Admin. Code title 38, including the following:
- Reverse Mortgage Loans (Part 300)
- High Risk Home Loans (Part 345)
- Predatory Lending Database (Part 346)
See 41 Ill. Reg. 11326 – 11335 (Sept. 8, 2017), available at: http://www.cyberdriveillinois.com/departments/index/register/home.html. Strangely, the effective date of these repeals was August 28, 2017 (11 days prior to publication).
We are currently reviewing these change to determine any impact to our document library and/or systems and to evaluate any necessary changes. Any modifications we make will be announced on our website (http://blog.docutechcorp.com/category/document-updates).