Illinois passed a bill allowing mortgage loan originators to work from a remote location. Under the bill, a mortgage lender, broker, servicer, or purchaser licensed under the Residential Mortgage License Act of 1987 may allow employees to work from a remote location if certain conditions are met. “Remote location” means a location other than a principal place of business or a full-service office at which a mortgage loan originator of a mortgage lender, broker, servicer, and purchaser may conduct business. The bill becomes effective January 1, 2024.
Click to view the Illinois House Bill 2325: https://www.tenaco.com/wp-content/uploads/2023/10/IL-HB-2325-01-01-24.pdf
