{"data":{"id":"us-il/205-ilcs-635-5-12","jurisdiction":"us-il","citation":"205 ILCS 635/5-12","heading":"Disclosure of refinancing options.","body":"If the subject of a future loan is discussed by a licensee making, providing, or arranging a mortgage loan, the licensee shall disclose the circumstances under which a new loan could be considered. Such disclosure shall clearly state that it is not a contract and that the licensee is not representing or promising that a new loan could or would be made at any time in the future.","path":["CHAPTER 205 FINANCIAL REGULATION","Residential Mortgage License Act of 1987."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1196\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:29Z","sha256":"f3a77d6c2f2f6797d6f28409e51040da70870bc5753a492e39b0b815a15ef223","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-635-5-11","next":"us-il/205-ilcs-635-5-12.5"},"notice":"GroundRules: Original legal text. Not legal advice."}