License in Illinois - Posted by Eric (IL)

Posted by Kerry_IL on May 11, 2000 at 22:01:25:

The Illinois compiled statutes dealing with mortgages can be referenced thru that site.

Basically note brokering is covered in the mortgage brokering statutes.

Kerry_IL

License in Illinois - Posted by Eric (IL)

Posted by Eric (IL) on May 11, 2000 at 11:20:56:

Do you need a license to buy and sell mortgages in Illinois. Note, I wouldn’t be creating notes or loaning money, just flipping the note. If so, does anyone know how to go about getting a license?

Re: License in Illinois - Posted by Kerry_IL

Posted by Kerry_IL on May 11, 2000 at 15:42:12:

Eric,

Check out www.obre.state.il.us

You will find the info you are looking for there.

Kerry_IL

Re: License in Illinois - Posted by Eric (IL)

Posted by Eric (IL) on May 11, 2000 at 15:53:01:

Thanks, but this only seems to refer to a Real Estate Broker. I’m referring to being a Note Broker. Are the requirements the same?