815 ILCS 137/45: Refinancing prohibited in certain cases.
Where this section sits in the code
- CHAPTER 815 BUSINESS TRANSACTIONS
- High Risk Home Loan Act.
No lender shall refinance any high risk home loan where such refinancing charges additional points and fees within a 12-month period after the original loan agreement was signed, unless the refinancing results in a tangible net benefit to the borrower.
Collected 2026-09-15T04:46:47Z. Source file · JSON