Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as
Public
Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Guide.
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(205 ILCS 635/3-11) Sec. 3-11. Remote location operations. Licensees may allow mortgage loan originators to work from a remote location if: (1) the licensee has written policies and procedures |
| for the supervision of mortgage loan originators working from a remote location;
|
|
(2) access to company platforms and customer
|
| information is in accordance with the licensee's comprehensive written information security plan;
|
|
(3) no in-person customer interaction occurs at a
|
| mortgage originator's residence unless that residence is a licensed location;
|
|
(4) physical records are not maintained at a remote
|
|
(5) customer interactions and conversations about
|
| consumers will be in compliance with federal and State information security requirements, including applicable provisions under the federal Gramm-Leach-Bliley Act and the Safeguards Rule established by the Federal Trade Commission and set forth in 16 CFR Part 314, as such requirements may be amended from time to time;
|
|
(6) mortgage loan originators working at a remote
|
| location access the company's secure systems, including a cloud-based system, directly from any out-of-office device the mortgage loan originator uses, including, but not limited to, a laptop, phone, desktop computer, or tablet, via a virtual private network or comparable system that ensures secure connectivity and requires passwords or other forms of authentication to access;
|
|
(7) the licensee ensures that appropriate security
|
| updates, patches, or other alterations to the security of all devices used at remote locations are installed and maintained;
|
|
(8) the licensee has an ability to remotely lock or
|
| erase company-related contents of any device or otherwise remotely limit all access to a company's secure systems; and
|
|
(9) the Nationwide Multistate Licensing System and
|
| Registry record of a loan originator that works from a remote location designates the principal place of business as the loan originator's registered location unless the loan originator elects another licensed branch office as a registered location.
|
|
(Source: P.A. 103-156, eff. 1-1-24.)
|
