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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 55. Financing of points and fees. No lender shall transfer, deal in, offer, or make a high risk home loan that finances, directly or indirectly, any points and fees. No lender shall transfer, deal in, offer, or make a high risk home loan that finances any prepayment fee or penalty payable by the consumer in a refinancing transaction if the creditor or an affiliate of the creditor is the noteholder of the note being refinanced.
Cite this article: FindLaw.com - Illinois Statutes Chapter 815. Business Transactions § 137/55. Financing of points and fees - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-815-business-transactions/il-st-sect-815-137-55/
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