Fpr - Department Of Financial And Professional Regulation - Illinois Bidbuy - IL
FY26 Anti- Predatory Lending Database SEFS
fy26 antipredatory lending database sefs item 2: 209 12 public act pa **** amended the residential real property disclosure act, 765 llcs 77 act and originally established the predatory lending database pilot program for designated areas of cook county. the act required the department of financial and professional regulation department to create, maintain, and administer a database created under this program herein referred to as the antipredatory lending database apld. the apld must allow brokers, originators, credit counselors, title insurance companies and closing agents to enter borrower application and closing information online as specified by the act and the departments administrative rules. the act requires the department to determine whether credit counseling is recommended for the applicantborrower based upon department standards. vendor shall provide the technology, business processes and support for the apld in order to track residential mortgage loan transactions that are initiated by licensed l
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