Illinois – SB 1667 (Public Act 492) amends the Residential Mortgage Licensing Act

August 26, 2013

Senate Bill 1667 (Public Act 492) signed by the governor and effective August 16 amends the residential mortgage licensing act to permit application by a federally chartered savings bank registered with the Nationwide Mortgage Licensing System and Registry for exempt company registration to sponsor individuals subject to mortgage loan originator requirements.  The bill text can  be accessed here.