Before the A dwelling (as defined in borrower signs the Section 103[v] of TILA) IL Borrower application, or A residential or residential real estate ILL. ADMIN. CODE Initial Disclosure Information 1206 gives the licensee Yes No mortgage loan upon which is (or is tit. 38, § (2013) Document any consideration intended to be) (whichever comes constructed a dwelling first) Immediately after determining that a A dwelling (as defined in borrower does not Section 103[v] of TILA) qualify for the loan Adverse Action and IL Failure to A residential or residential real estate ILL. CODE tit. 1603 applied for and the No No Initial Disclosure Qualify Notice mortgage loan upon which is (or is 38, § (2013) costs of another intended to be) recommended constructed a dwelling program materially differ When a notice is A dwelling (as defined in received from a Section 103[v] of TILA) secondary market IL Notice of Adverse Action and A residential or residential real estate underwriter, an ILL. ADMIN. CODE Change Affecting 1605 No No Initial Disclosure mortgage loan upon is (or is investor, the FHA, tit. 38, § (2013) Loan intended to be) or the VA, that constructed a dwelling materially affects a loan in process 815 ILL. COMP. IL Mortgage STAT. ANN. (West A high risk home A borrower’s principal Prior to making a Awareness 1902 2013); ILL. ADMIN. No No Initial Disclosure loan residence high risk home loan Program Notice CODE tit. 38, §§ & (2013)
Initial Disclosure IL Borrower Information Document 1206 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 gives the licensee any consideration (whichever comes first) ILL. ADMIN. CODE tit. 38, § (2013) Yes No Adverse Action and Initial Disclosure IL Failure to Qualify Notice 1603 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 Immediately after determining that a borrower does not qualify for the loan applied for and the costs of another recommended program materially differ ILL. CODE tit. 38, § (2013) No No Adverse Action and Initial Disclosure IL Notice of Change Affecting Loan 1605 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 When a notice is received from a secondary market underwriter, an investor, the FHA, or the VA, that materially affects a loan in process ILL. ADMIN. CODE tit. 38, § (2013) No No Initial Disclosure IL Mortgage Awareness Program Notice 1902 A high risk home loan A borrower’s principal residence Prior to making a high risk home loan 815 ILL. COMP. STAT. ANN. (West 2013); ILL. ADMIN. CODE tit. 38, §§ & (2013) No No
Initial-Disclosure-Signature-Matrix.docx