The ratio, expressed as a percentage, which results when a borrower’s monthly payment obligation on long-term debts is divided by his or her net effective income (FHA/VA loans) or gross monthly income (Conventional loans).
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Regulator
Illinois Department of Financial and Professional Regulation Division of Banking, Bureau of Residential Finance
555 W. Monroe Street, 5th Floor, Chicago, IL 60661
General Inquiries: 1-888-473-4858 TYY: 1-866-325-4949
Website: www.idfpr.com
For licensing information, go to: www.nmlsconsumeraccess.org
2815 Forbs Ave Suite 107
Hoffman Estates, IL 60192
NMLS: # 223747 / IL MB.0006483
Tel: (630) 400-3413
Community Reinvestment Act
Regulator
Illinois Department of Financial and Professional Regulation Division of Banking, Bureau of Residential Finance
555 W. Monroe Street, 5th Floor, Chicago, IL 60661
General Inquiries: 1-888-473-4858 TYY: 1-866-325-4949
Website: www.idfpr.com
For licensing information, go to: www.nmlsconsumeraccess.org
Acclaim Mortgage Corp is an Equal Opportunity Housing Lender. Loans are available on a fair and equal basis regardless of race, color religion, sex, familial status, national origin, military status, disability or Ancestry.
STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issued.” Regarding banks and savings banks specifically, the notice may also include the following: Evaluations available under the federal Community Reinvestment Act (CRA) (12 U.S.C. 2901 et seq.) are not affected by the Illinois Community Reinvestment Act. Please see the federal CRA notice we have posted nearby. This statement does not amend any requirement of state or federal law. It sets forth notice language that DOB considers substantially similar, only as described above. This Statement may be withdrawn or amended at any time by a superseding statement of the DOB. This Statement does not constitute legal advice and may not be relied on as such. DOB covered financial institutions should consult legal counsel for legal advice regarding this Statement or the Community Reinvestment Act. DATED THIS 5TH DAY OF MAY 2021 ILLINOIS DEPARTMENT OF FINANCIAL & PROFESSIONAL REGULATION By: Chasse Rehwinkel Acting Director Division of Banking
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