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Possible online services disruption due to Internet related outage

A worldwide technology outage is causing disruption to some State of Illinois online systems.  We are aware of this issue and are diligently working on restoration.

WEBSITE ALERT: IDFPR is no longer affiliated with the idfpr[.]com domain name. The website currently hosted on that domain is not authorized by IDFPR and may pose a security threat to visitors. Please be sure to use only IDFPR’s official website at IDFPR.illinois.gov.

Effective July 24, 2024, we request individuals seeking updates on licensure applications make virtual appointments on Wednesdays instead of visiting the Department’s Springfield office. Learn more on the IDFPR's Contact Us webpage.

Residential Finance

The mission of the Bureau of Residential Finance is to fairly administer the Residential Mortgage License Act of 1987 and the regulations promulgated hereunder.

The Bureau of Residential Finance Regulates:

Shared Appreciation Mortgages—Request for Comments

IDFPR’s Division of Banking is issuing an Advance Notice of Proposed Rulemaking (ANPR) to solicit comments on potential topics relating to shared appreciation mortgages, as defined in Public Act 103-1015. Subjects for potential comment include: licensing and examination of shared appreciation mortgage providers, methods of calculating fair market value, written consumer disclosures, and borrower counseling.

Comments are due on or before October 9, 2024. The ANPR may be found below:

Shared Appreciation Mortgage: Advance Notice of Proposed Rulemaking

 

Notice Regarding the Processing of Private Lending Exemption Certificates (private mortgages)

PRIVATE LENDING EXEMPTION CERTIFICATES must be attached to all private mortgages originated in Cook County, Kane County, Will County and Peoria County to facilitate recording by the Recorder of Deeds. Click here for more information.

Divisions of the Bureau

Bureau Information

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