Illinois Statutes Chapter 765. Property § 930/15. Transaction disclosure

(1) Whether private mortgage insurance will be required to be obtained or maintained with respect to the mortgage.

(2) The period during which the insurance shall be required to be in effect.

(3) The conditions under which the mortgagor may cancel the insurance.

(4) That the mortgagor will be notified not less than annually of an address and telephone number that may be used to contact the mortgagee to determine whether or not the insurance may be terminated and, if the insurance may be terminated, the conditions and procedures for termination.