815 ILCS 137/85

Current through Public Acts 103-1 through 103-587, 103-589, and 103-590
Section 815 ILCS 137/85 - Payment compounding

No lender shall transfer, deal in, offer, or make a high risk home loan that includes terms under which more than 2 periodic payments required under the loan are consolidated and paid in advance from the loan proceeds provided to the borrower.

815 ILCS 137/85

Added by P.A. 093-0561, § 85, eff. 1/1/2004.