§ 205 ILCS 635/3-1 Bonds of licensees
§ 205 ILCS 635/3-2 Annual audit
§ 205 ILCS 635/3-3 Advertising
§ 205 ILCS 635/3-4 Office and staff within the State
§ 205 ILCS 635/3-5 Net worth requirement
§ 205 ILCS 635/3-7 Transfer of Servicing; Notices
§ 205 ILCS 635/3-8 Discrimination and redlining prohibited
§ 205 ILCS 635/3-9 Escrow Funds
§ 205 ILCS 635/3-11 Remote location operations
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Illinois Compiled Statutes > 205 ILCS 635 > Article III - Operations, Capitalization, Insurance

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
  • United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14