GroundRules
205 ILCS 635/5-15: Prohibition on financing certain insurance premiums.
Where this section sits in the code
- CHAPTER 205 FINANCIAL REGULATION
- Residential Mortgage License Act of 1987.
No licensee may make, provide, or arrange for a residential mortgage loan that finances, directly or indirectly, any credit life, credit disability, or credit unemployment insurance; however, insurance premiums calculated and paid on a monthly basis shall not be considered to be financed by the lender.
Collected 2026-09-15T04:46:29Z. Source file · JSON