{"data":{"id":"us-il/815-ilcs-137-30","jurisdiction":"us-il","citation":"815 ILCS 137/30","heading":"No prepayment penalty.","body":"A high risk home loan may not contain terms under which a consumer must pay a prepayment penalty for paying all or part of the principal before the date on which the principal is due. For purposes of this Section, any method of computing a refund of unearned scheduled interest is a prepayment penalty if it is less favorable to the consumer than the actuarial method as that term is defined by Section 933(d) of the federal Housing and Community Development Act of 1992, 15 U.S.C. 1615(d).","path":["CHAPTER 815 BUSINESS TRANSACTIONS","High Risk Home Loan Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2499\u0026ChapterID=67\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"4089b9acf8cbb3165119f8f76b5cbfc38528f25f104cc7b1ba89ede47eb939ae","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-137-25","next":"us-il/815-ilcs-137-35"},"notice":"GroundRules: Original legal text. Not legal advice."}