Articles and Memos

• 8-30-11: Compliance with Predatory Lending Database Act | The Predatory Lending Database Act is a part of the Residential Real Property Disclosure Act; it requires that for specified loans in specified counties either a Certificate of Compliance or a Certificate of Exemption must be attached to the executed mortgage before that document is recorded. In fact, if the Certificate is not attached, the statute says the mortgage is not recordable. Please see this Statement Regarding Predatory Lending Database from the Department of Financial and Professional Regulation, Division of Financial Institutions, which re-states the requirement for title agents.
• May 2010 ATG Casenotes and Underwriters' Bulletin: Illinois Anti-Predatory Lending Database
• 9-23-08 ATG Special Bulletin: Changes to the Invoice for Title Charges and Predatory Lending Procedural Update
• 6-24-08 Memo from Arden K. Miner RE: SB1167 — Predatory Lending Database Pilot Program

Training

• The Anti-Predatory Lending Database Program: Kane, Peoria, and Will County Mortgages (1.50 MCLE - expires March 31, 2015)

[Last update: 4-3-13; Original post date: 12-23-11]