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Illinois · Through at least Public Act 104-790

815 ILCS 137/85: Payment compounding.

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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 transfer, deal in, offer, or make a high risk home loan that includes terms under which more than 2 periodic payments required under the loan are consolidated and paid in advance from the loan proceeds provided to the borrower.

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

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