{"data":{"id":"us-il/765-ilcs-77-78","jurisdiction":"us-il","citation":"765 ILCS 77/78","heading":"Exemption.","body":"Borrowers applying for reverse mortgage financing of residential real estate including under programs regulated by the Federal Housing Administration (FHA) that require HUD-approved counseling are exempt from the program and may submit a HUD counseling certificate to comply with the program. A certificate of exemption is required for recording.\nMortgages secured by non-owner occupied property, commercial property, residential property consisting of more than 4 units, and government property are exempt but require a certificate of exemption for recording.\nMortgages originated by an exempt person or entity are exempt but require a certificate of exemption for recording.","path":["CHAPTER 765 PROPERTY","Residential Real Property Disclosure Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2152\u0026ChapterID=62\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:45Z","sha256":"0050633552479ff82b48335d1b4c7e423d5edab9d0ef8bc018deaa57cfe8c7d1","source_id":"us-il","stale":false,"prev":"us-il/765-ilcs-77-76","next":"us-il/765-ilcs-77-80"},"notice":"GroundRules: Original legal text. Not legal advice."}