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First Mortgage Company’s petition for leave to appeal was denied by the Illinois Supreme Court on September 24, 2014. As a result, the Illinois Appellate Court’s opinion regarding the Illinois Residential Mortgage Licensing Act in First Mortgage Company v. Dina, 2014 IL App (2d) 130567, which has directly and significantly impacted the mortgage servicing industry in Illinois, will not be overturned. Locke Lord’s analysis of the Dina opinion is available here.
Locke Lord has a clear understanding of the profound effect of the Dina opinion and is currently handling numerous Dina-related cases. Locke Lord has developed concise, detailed strategies to address these issues and is coordinating the implementation of these strategies on a statewide basis for several clients.
For more information on the matters discussed in this Locke Lord QuickStudy, please contact the authors with any questions or to discuss how the Dina opinion may affect your business operations in Illinois.