MBA Letter on Illinois Mortgage CRA Examination Fee Implementation
Share to
The Mortgage Bankers Association (MBA) is writing to express urgent concern regarding the January 1, 2025 due date for annual fees its independent mortgage bank (IMB) members are expected to pay to implement the Illinois Community Reinvestment Act (ILCRA). Because the new fee structure was only published in the Illinois Register on December 6th, MBA strongly urges the Illinois Department of Financial and Professional Regulation (IDFPR) to provide licensees at least a 60-day grace period for payment.
.