{"data":{"id":"us-il/765-ilcs-940-70","jurisdiction":"us-il","citation":"765 ILCS 940/70","heading":"Distressed property consultant compensation.","body":"In transactions that reduce the existing payment on a homeowner's mortgage loan for a period of no less than 5 years, a distressed property consultant shall not claim, demand, charge, collect, or receive any fee, interest, or any other compensation that exceeds the lesser of the homeowner's:\n(1) existing monthly principal and interest mortgage payment; or\n(2) total net savings derived from the lowered monthly principal and interest mortgage payment over the succeeding 12 months.\nFor all other transactions, a distressed property consultant shall not claim, demand, charge, collect, or receive any fee, interest, or any other compensation for any reason that exceeds 50% of the owner's existing monthly principal and interest mortgage payments.","path":["CHAPTER 765 PROPERTY","Mortgage Rescue Fraud Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2795\u0026ChapterID=62\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:46Z","sha256":"320c976951a8484a7ae4ad1c0c0c1ddd95022ba038284a7d22682c5c83375eda","source_id":"us-il","stale":false,"prev":"us-il/765-ilcs-940-65","next":"us-il/765-ilcs-940-300"},"notice":"GroundRules: Original legal text. Not legal advice."}