Ill. Admin. Code tit. 50 § 8100.1714
Current through Register Vol. 48, No. 50, December 13, 2024
The annual report shall include a statement that the escrow fund was confirmed by the accountant in writing directly with the depositories and that the escrow liability was confirmed by the accountant in writing directly with escrow depositors of at least twenty-five (25) escrow accounts or one-fourth of the number of escrow accounts having balances at the reporting date, whichever number is greater. If the independent escrowee has less than twenty-five (25) such accounts, all shall be confirmed.
Ill. Admin. Code tit. 50, § 8100.1714