815 ILCS 137/90

Current through Public Act 103-593
Section 815 ILCS 137/90 - Call provision

No lender shall transfer, deal in, offer, or make a high risk home loan that contains a provision that permits the lender, in its sole discretion, to accelerate the indebtedness, provided that this provision does not prohibit acceleration of a loan in good faith due to a borrower's failure to abide by the material terms of the loan.

815 ILCS 137/90

Added by P.A. 093-0561, § 90, eff. 1/1/2004.