First Mortgage Company, LLC v. Dina

Illinois Appellate Court
Civil Court
Citation
Case Number: 
2014 IL App (2d) 130567
Decision Date: 
March 31, 2014
District: 
2d Dist.
Division/County: 
Lake Co.
Justice: 
BURKE
Holding: 
Vacated and remanded.
(Modified upon denial of rehearing on 5/22/14.) Material issue of fact existed as to Plaintiff mortgage company's status as a licensed lender under Residential Mortgage License Act, thus precluding summary judgment in foreclosure actions. A mortgage made by entity lacking authorization under License Act to conduct such business is void as against public policy.(ZENOFF and SCHOSTOK, concurring.)