815 ILCS 137/40

Current through Public Act 103-593
Section 815 ILCS 137/40 - Pre-paid insurance products and warranties

No lender shall transfer, deal in, offer, or make a high risk home loan that finances a single premium credit life, credit disability, credit unemployment, or any other life or health insurance, directly or indirectly. Insurance calculated and paid on a monthly basis shall not be considered to be financed by the lender.

815 ILCS 137/40

Added by P.A. 093-0561, § 40, eff. 1/1/2004.