State revokes Schaller’s mortgage loan license – The revocation of Schaller’s mortgage loan originator license by the Illinois Department of Financial and Professional. the scheme or whether consumers for whom he arranged home loans suffered any.
Illinois Official Reports – defendants’ other claims. A question of fact exists as to the mortgage lender’s License Act status. Further, that fact is material. Although the issue of enforceability of a mortgage made by an entity lacking a needed license has not arisen in Illinois, Illinois law relating to other
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NCLT bars IL&FS ex-officials from selling assets – The bench said the officials are restrained from creating mortgage, lien, charge or alienating any. Shorey also said that ever-greening arrangements were observed in case of loans provided to IL&FS.
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