The Anti-Predatory Lending Database Program: What Attorneys and Closers Need to Know

PROGRAM SUMMARY:

The Anti-Predatory Lending Database Program, which applies to certain residential property in Cook County, Illinois, has gone into effect. As of July 1, 2008, a Certificate of Compliance or Certificate of Exemption must be attached to the mortgage in order to record any mortgage against qualifying Cook County property. This program reviews the recording procedures and other information attorneys and closers need to know to comply with the new rules. The speakers will cover the following:
  • What the statute involves, recording procedures, and other requirements;
  • When and how to procure a Certificate of Compliance or Certificate of Exemption; and
  • How to use the Illinois Department of Financial and Professional Regulation website, including a demonstration of procuring the correct certificate.
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*NOTE: After May 19, 2008, users must update their Flash Player to version 9 or greater. To install Adobe Flash Player version 9, click here.

CONTINUING LEGAL EDUCATION INFORMATION:

ATG is an Illinois Accredited Continuing Legal Education Provider. This program qualifies for 1.50 hours of MCLE credit in Illinois.

WHO SHOULD ATTEND:

ATG member attorneys, member closers, and member's employees who conduct closings on property in Cook County, Illinois.

ATTENDEE RATE:

There is NO CHARGE for this program.

ABOUT THE SPEAKERS:

  • Marie Duhig, Closer Administrator - ATG Closing Administration, Oak Lawn, Illinois
  • Arden K. Miner, Senior Manager - ATG Underwriting, Chicago, Illinois
  • Patti Woods, Closer Liaison Assistant - ATG Closing Administration, Oak Lawn, Illinois
 SESSION HELD

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[Last update: 7-24-08]