205 ILCS 635/5-14: Prohibition on equity stripping and loan flipping.
Where this section sits in the code
- CHAPTER 205 FINANCIAL REGULATION
- Residential Mortgage License Act of 1987.
No licensee may engage in equity stripping or loan flipping, as those terms are defined in the Illinois Fairness in Lending Act.
Collected 2026-09-15T04:46:29Z. Source file · JSON