Document Updates: IL Loan Brokerage Agreement (Cx1909)
Ill. Admin. Code tit. 38, § 1050.1010, which sets forth requirements concerning brokerage agreements, was recently amended in 38 Ill. Reg. 2019 (January 17, 2014). Besides an insignificant edit to Subsection (f), Subsection (h) has been altered to require a disclosure of the NMLS unique identifier of any mortgage loan originator who is assisting the loan broker in performing services for a borrower (previously it required the state registration number of the originator)….