High Cost Tangible 815 ILL. COMP. 15773 (upon A high risk home A borrower’s principal Initial Disclosure Net Benefit Not specified STAT. ANN. (West No No request) loan residence Worksheet 2013) IL Notice of 815 ILL. COMP. A high risk home A borrower’s primary Initial Disclosure Independent 16096 Not specified STAT. ANN. (West No No loan residence Review 2013) A dwelling (as defined in No later than 3 Section 103[v] of TILA) days after learning IL Notice of 205 ILL. COMP. 16217 (upon A residential or residential real estate of the change or 24 Initial Disclosure Material Change in STAT. ANN. (West No No request) mortgage loan upon is (or is hours before Loan Terms 2013) intended to be) closing, whichever constructed a dwelling is earlier A dwelling (as defined in Section 103[v] of TILA) IL Disclosure of When the subject 205 ILL. COMP. (upon A residential or residential real estate Initial Disclosure Refinancing of a future loan is STAT. ANN. (West No No request) mortgage loan upon which is (or is Options discussed 2013) intended to be) constructed a dwelling A residential A dwelling (as defined in mortgage loan, Section 103[v] of TILA) which is a or residential real estate Before the purchase loan, but 765 ILL. COMP. upon which is (or is borrower signs the IL Mortgage not FHA-insured STAT. ANN. (West intended to be) application, or pays Initial Disclosure Escrow Account 1207 or VA-guaranteed 2013); ILL. ADMIN. Yes No constructed a dwelling, any consideration Act and in which CODE tit. 38, §§ & but which is also a (whichever comes there is a certainly (2013) single-family security, first). that an escrow owner-occupied real account will not estate be established
Initial Disclosure High Cost Tangible Net Benefit Worksheet 15773 (upon request) A high risk home loan A borrower’s principal residence Not specified 815 ILL. COMP. STAT. ANN. (West 2013) No No Initial Disclosure IL Notice of Independent Review 16096 A high risk home loan A borrower’s primary residence Not specified 815 ILL. COMP. STAT. ANN. (West 2013) No No Initial Disclosure IL Notice of Material Change in Loan Terms 16217 (upon request) A residential mortgage loan A dwelling (as defined in Section 103[v] of TILA) or residential real estate upon is (or is intended to be) constructed a dwelling No later than 3 days after learning of the change or 24 hours before closing, whichever is earlier 205 ILL. COMP. STAT. ANN. (West 2013) No No Initial Disclosure IL Disclosure of Refinancing Options (upon request) 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 When the subject of a future loan is discussed 205 ILL. COMP. STAT. ANN. (West 2013) No No Initial Disclosure IL Mortgage Escrow Account Act 1207 A residential mortgage loan, which is a purchase loan, but not FHA-insured or VA-guaranteed and in which there is a certainly that an escrow account will not be established 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, but which is also a single-family security, owner-occupied real estate Before the borrower signs the application, or pays any consideration (whichever comes first). 765 ILL. COMP. STAT. ANN. (West 2013); ILL. ADMIN. CODE tit. 38, §§ & (2013) Yes No
Initial-Disclosure-Signature-Matrix.docx