815 ILL. COMP. No less than 2 STAT. ANN. (West IL Mortgage A high risk home A borrower’s principal business days Yes (based on Initial Disclosure 1903 2013); ILL. ADMIN. No Awareness Waiver loan residence the borrower promulgated) CODE tit. 38 §§ & receives Cx1902 (2013) Before the A dwelling (as defined in borrower signs a Section 103[v] of TILA) IL Loan Brokerage loan brokerage A residential or residential real estate ILL. ADMIN. CODE Initial Disclosure Disclosure 1908 agreement or pays Yes No mortgage loan upon which is (or is tit. 38, § (2013) Statement any consideration intended to be) (whichever comes constructed a dwelling first) A dwelling (as defined in Before the Section 103[v] of TILA) borrower signs the ILL. ADMIN. CODE IL Loan Brokerage A residential or residential real estate application, or pays Initial Disclosure 1909 tit. 38, §§ , , , & Yes Yes Agreement mortgage loan upon which is (or is any consideration (2013) intended to be) (whichever comes constructed a dwelling first) A loan between $500 and $40,000, which has a Anti-Coercion 205 ILL. COMP. greater rate of Initial Disclosure Insurance 2778 Real property Not specified STAT. ANN. (West No No interest or Disclosure 2013) discount than allowed under other laws
Initial Disclosure IL Mortgage Awareness Waiver 1903 A high risk home loan A borrower’s principal residence No less than 2 business days the borrower receives Cx1902 815 ILL. COMP. STAT. ANN. (West 2013); ILL. ADMIN. CODE tit. 38 §§ & (2013) Yes (based on promulgated) No Initial Disclosure IL Loan Brokerage Disclosure Statement 1908 A residential mortgage loan A dwelling (as defined in Section 103[v] of TILA) or residential real estate upon which is (or is intended to be) constructed a dwelling Before the borrower signs a loan brokerage agreement or pays any consideration (whichever comes first) ILL. ADMIN. CODE tit. 38, § (2013) Yes No Initial Disclosure IL Loan Brokerage Agreement 1909 A residential mortgage loan A dwelling (as defined in Section 103[v] of TILA) or residential real estate upon which is (or is intended to be) constructed a dwelling Before the borrower signs the application, or pays any consideration (whichever comes first) ILL. ADMIN. CODE tit. 38, §§ , , , & (2013) Yes Yes Initial Disclosure Anti-Coercion Insurance Disclosure 2778 A loan between $500 and $40,000, which has a greater rate of interest or discount than allowed under other laws Real property Not specified 205 ILL. COMP. STAT. ANN. (West 2013) No No
Initial-Disclosure-Signature-Matrix.docx