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Illinois Statutes Chapter 815. Business Transactions § 137/85. Payment compounding

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 85. Payment compounding. No lender shall transfer, deal in, offer, or make a high risk home loan that includes terms under which more than 2 periodic payments required under the loan are consolidated and paid in advance from the loan proceeds provided to the borrower.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 815. Business Transactions § 137/85. Payment compounding - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-815-business-transactions/il-st-sect-815-137-85/

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