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Notice of Next Meeting - August 30, 2011
Duties: The Residential Mortgage Board was created to
provide an advisory function to the Commissioner.
Membership Qualifications: The Board shall be composed
of five members appointed by the Commissioner of Banks and Real Estate.
The majority of persons on the Board shall have no financial interest
in any residential mortgage business and one member shall be a representative
of the Illinois Mortgage Bankers Association and one member shall be a
representative of the Illinois Association of Mortgage Brokers.
Powers: The
Board shall assist the Commissioner by:
- Submitting recommendations
to the Commissioner for the efficient administration of this Act
- Performing other duties
as are prescribed by the Commissioner.
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Bureau
of Residential Finance |
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