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MBA Comment Letter on New Illinois Fee Structure for IMB CRA Exams

2024 Bank Regulatory Policy Comment Letters Policy Issue Residential State and Local Issues
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The Mortgage Bankers Association comments in opposition of the proposed fee changes for Illinois state-licensed companies. These proposed changes published by the Department of Financial and Professional Regulation (IDFPR) in the Illinois State Register on August 2, 2024, suggest a new scheme for assessing fees to cover IDFPR’s costs to implement the Illinois Mortgage Community Reinvestment Act (ILCRA).

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