Counselor; required information

(765 ILCS 77/74)     Sec. 74. Counselor; required information. As part of the predatory lending database program, a counselor must submit all of the following information for inclusion in the predatory lending database:         (1) The information called for in items (1), (6),     (9), (11), (12), (13), (14), (15), (16), (17), and (18) of Section 72.        (2) Any information from the borrower that confirms     or contradicts the information called for under item (1) of this Section.        (3) The name of the counselor and address of the     HUD-approved housing counseling agency that employs the counselor.         (4) Information pertaining to the borrower's monthly     expenses that assists the counselor in determining whether the borrower can afford the loans or loans for which the borrower is applying.        (5) A list of the disclosures furnished to the     borrower, as seen and reviewed by the counselor, and a comparison of that list to all disclosures required by law.        (6) Whether the borrower provided tax returns to the     broker or originator or to the counselor, and, if so, who prepared the tax returns.        (7) A statement of the recommendations of the     counselor that indicates the counselor's response to each of the following statements:            (A) The loan should not be approved due to         indicia of fraud.            (B) The loan should be approved; no material         problems noted.            (C) The borrower cannot afford the loan.             (D) The borrower does not understand the         transaction.            (E) The borrower does not understand the costs         associated with the transaction.            (F) The borrower's monthly income and expenses         have been reviewed and disclosed.            (G) The rate of the loan is above market rate.             (H) The borrower should seek a competitive bid         from another broker or originator.            (I) There are discrepancies between the         borrower's verbal understanding and the originator's completed form.            (J) The borrower is precipitously close to not         being able to afford the loan.            (K) The borrower understands the true cost of         debt consolidation and the need for credit card discipline.             (L) The information that the borrower provided         the originator has been amended by the originator. (Source: P.A. 97-813, eff. 7-13-12; 98-1081, eff. 1-1-15.)