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Illinois · Through at least Public Act 104-790

815 ILCS 137/35.5: No balloon payments.

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Where this section sits in the code
  1. CHAPTER 815 BUSINESS TRANSACTIONS
  2. High Risk Home Loan Act.

No high risk home loan may contain a scheduled payment that is more than twice as large as the average of earlier scheduled payments. This Section does not apply when the payment schedule is adjusted to the seasonal or irregular income of the consumer.

Collected 2026-09-15T04:46:47Z. Source file · JSON

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