The Mortgage Broker shall act in accordance with any laws, rules and regulations of the State of Illinois and in accordance with the By-Laws of the Illinois Association of Mortgage Professionals.

The Mortgage Brokers shall perform his/her business in a manner reflecting honor and integrity. He/she shall avoid and report fraudulent and unethical practices to the Association or State Agency charged with regulating the practices of brokers in the state of Illinois.

The Mortgage Broker shall abide by generally accepted principles of real estate valuation when reporting to the investor regarding the valuation of the collateral of his loan.

The Mortgage Broker shall advise the relevant parties of any equity interest he/she may have in the collat1eral offered as security for the mortgage loan.

The Mortgage Broker shall not advise, advertise or intimate terms and conditions not available and not likely to be made available.

The Mortgage Broker shall not speak despairingly of the business practice of his competitor or of a transaction being negotiated by a competitor.

Disputes between members shall be resolved by decisions of the Ethics and Grievance Committee.

Above all, Mortgage Brokers will at all times have the interests of the client foremost in mind and will endeavor to serve each client to the very best of their ability.