38 Ill. Adm. Code 1050.1315

Avoidance of Commitment

Last amended: 2005Year: 2026Length: 62 wordsOfficial source
Section 1050 Section 1050.1315  Avoidance of Commitment If a residential mortgage loan applicant and the subject residential real estate meet a licensee's normal standards, the licensee shall not refuse to make a residential mortgage loan to the applicant in order to avoid complying with terms stated in written agreements between the licensee and borrower or in written disclosures required by this Part.
38 Ill. Adm. Code 1050.1315: Avoidance of Commitment | Justis AI