{"data":{"id":"us-il/815-ilcs-137-60","jurisdiction":"us-il","citation":"815 ILCS 137/60","heading":"Payments to contractors.","body":"No lender shall make a payment of any proceeds of a high risk home loan directly to a contractor under a home improvement contract other than:\n(1) by instrument payable to the borrower or payable jointly to the borrower and contractor; or\n(2) at the election of the borrower, by a third-party escrow agent in accordance with the terms established in a written agreement that is signed by the borrower, the lender, and the contractor before the date of payment.","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":"dc800032f3d523ba07c320ee4cb4f91613c498cbaf72cea03a50959169b5534a","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-137-55","next":"us-il/815-ilcs-137-65"},"notice":"GroundRules: Original legal text. Not legal advice."}