815 ILCS 137/45

Current through Public Act 103-593
Section 815 ILCS 137/45 - Refinancing prohibited in certain cases

No lender shall refinance any high risk home loan where such refinancing charges additional points and fees within a 12-month period after the original loan agreement was signed, unless the refinancing results in a tangible net benefit to the borrower.

815 ILCS 137/45

Added by P.A. 093-0561, § 45, eff. 1/1/2004.