Authors Posts by ILDFPR

The Illinois Department of Financial and Professional Regulation’s mission is to utilize responsive, innovative, transparent, and efficient (R.I.T.E.) governance to create an ideal regulatory environment that (1) allows economic growth to flourish, and (2) effectively optimizes consumer choice.

The IDFPR believes more can be done to ensure a faster, smarter and more accountable government — government that takes initiative to unite effective regulatory policy with exceptional service delivery. Uniting effective regulatory policy and exceptional service delivery allows the IDFPR to accomplish its primary objective as a regulator: mitigating the effects of negative market externalities.

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Phone: 1 (888) 473-4858

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New Illinois Condo Owner’s Handbook Now Available Online

Illinois condominium owners now have a comprehensive, educational guide at their fingertips thanks to a recently compiled handbook by the Illinois Condominium and Common Interest Community (CCIC) Ombudsperson, Adrienne Levatino. The Condo Unit Owner’s Rights and Responsibilities Handbook provides an unbiased, objective look at Illinois law governing condominium unit owners and marks the kick-off of the Ombudsperson’s educational program aimed at informing condo owners of their rights and responsibilities.
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State Regulator Hosts Chicago Mortgage Cybersecurity Conference

Illinois licensed professionals on the front line of the mortgage and real estate closing process descended upon the James R. Thompson Center this week to learn more about cyber and data security. A free conference hosted by the Illinois Department of Financial and Professional Regulation (IDFPR) provided those in attendance with the opportunity to hear from industry experts, as well as the Federal Bureau of Investigations on how cybersecurity issues can compromise the real estate closing process.

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Investigation by CHA and HUD Inspectors General ends with guilty plea...

The Chicago Housing Authority will receive restitution for money stolen by a former contractor and her husband after the pair pleaded guilty to stealing funds intended for the Housing Choice Voucher (HCV) program, a crime that was exposed following an investigation by the CHA’s Office of the Inspector General.

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New law cuts red tape for real estate professionals, businesses; ...

Gov. Bruce Rauner today signed legislation to reduce burdensome licensing requirements for real estate businesses. The new licensing program is expected to save the state money by reducing a duplicative and unnecessary licensure structure that provides no benefit to the public and discourages business creation and growth.