TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.940 REQUIREMENTS


 

Section 1050.940  Requirements

 

Any advertisement appearing in Illinois by a licensee regarding residential mortgage loans, whether via electronic or print media, including mailings to individual potential residential mortgage loan customers, shall include, in a manner that is clear and conspicuous to the consumer:

 

a)         The NMLS Consumer Access homepage (www.nmlsconsumeraccess.org).  For electronic media, the licensee shall use the phrase "For licensing information, go to:  www.nmlsconsumeraccess.org."

 

b)         The NMLS Unique Identifier of the licensee.  If a Mortgage Loan Orignator (MLO) is advertised, the licensee must include its MLO employee's individual NMLS Unique Indentifier, in addition to the licensee's NMLS Unique Indentifier.

 

(Source:  Amended at 43 Ill. Reg. 5272, effective May 10, 2019)