Residential Improvement Loan Act

Sections covered

• 815 ILCS 135/0.01Short title
• 815 ILCS 135/1Business Transactions › 815 ILCS 135 — Residential Improvement Loan Act
• 815 ILCS 135/2Business Transactions › 815 ILCS 135 — Residential Improvement Loan Act
• 815 ILCS 135/3Business Transactions › 815 ILCS 135 — Residential Improvement Loan Act
• 815 ILCS 135/3.1Business Transactions › 815 ILCS 135 — Residential Improvement Loan Act
• 815 ILCS 135/4No funds shall be disbursed for the purposes described in this Act, which are in excess of the value of labor performed and materials delivered as certified in a duly executed and delivered completion certificate
• 815 ILCS 135/5This Act does not apply to any loan made in accordance with the provisions of Subchapter 1 of Chapter 13 of Title 12 of the United States Code, which is designated as "Housing Renovation and Modernization"
• 815 ILCS 135/6A person or corporation convicted of any violation of this Act, including the execution, delivery or acceptance of a completion certificate with actual knowledge of a falsity contained therein, shall be guilty of a business offense and shall be fined not to exceed $1,000