205 ILCS 635/5-14

Prohibition on equity stripping and loan flipping

P.A. 95-691, eff. 6-1-08.

No licensee may engage in equity stripping or loan flipping, as those terms are defined in the Illinois Fairness in Lending Act.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.