815 ILCS 137/90.5

Current through Public Act 103-1056

Section 815 ILCS 137/90.5 - Modification and deferral fees prohibited

A lender, successor in interest, assignee, or any agent of any of the foregoing may not charge a consumer any fee to modify, renew, extend, or amend a high risk home loan or to defer any payment due under the terms of the loan.

815 ILCS 137/90.5

Added by P.A. 097-0849,§ 15, effective 1/10/2014; see Section 10 of P.A. 97-1159, 78 Fed. Reg. 6855, 6857, 78 Fed. Reg. 10695, 10696, and 78 Fed. Reg. 44685, 44686.