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Illinois · Through at least Public Act 104-790

815 ILCS 137/45: Refinancing prohibited in certain cases.

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Where this section sits in the code
  1. CHAPTER 815 BUSINESS TRANSACTIONS
  2. 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

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