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Illinois · Through at least Public Act 104-790

205 ILCS 635/5-14: Prohibition on equity stripping and loan flipping.

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Where this section sits in the code
  1. CHAPTER 205 FINANCIAL REGULATION
  2. 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

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