815 ILCS 137/130

Current through Public Act 103-1056

Section 815 ILCS 137/130 - Circumstances voiding mandatory arbitration provisions

Without regard to whether a borrower is acting individually or on behalf of others similarly situated, a mandatory arbitration provision of a high risk home loan agreement that is oppressive, unfair, unconscionable, or substantially in derogation of the rights of the borrower is void.

815 ILCS 137/130

Added by P.A. 093-0561, § 130, eff. 1/1/2004.