Beginning January 1st, loan originators in Illinois will be permitted to work from a remote location
provided certain customer interaction and information security requirements are met. Previously, loan
originators were only able to conduct business in locations licensed as a branch office.
While many states issued temporary executive orders permitting remote work during the pandemic out
of health and safety concerns, several states have since updated their laws in keeping with the move
towards the increased use of remote work environments.
The Illinois bill may be viewed in its entirety by visiting Illinois House Bill 2325.
Learn more about the Goals Module and its key monitoring and reporting features.
Learn about the changes of state consumer protection and the responsibility of financial services institutions to pursue operational excellence and a culture of compliance.
Regulatory and technology experts discuss innovation, CRA reforms, and how single-close construction loans are reenergizing rural America.
