205 ILCS 635/5-10

Current through Public Act 103-593
Section 205 ILCS 635/5-10 - Comparable Monthly Payment Quotes

When comparing different loans, the licensee must not state or imply that monthly loan payments, if they include amounts escrowed for payment of property taxes and homeowner's insurance, are comparable with monthly loan payments that do not include these amounts.

205 ILCS 635/5-10

Added by P.A. 095-0691,§ 10, eff. 6/1/2008.