205 ILCS 635/5-14

205 ILCS 635/5-14
in effect
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(205 ILCS 635/5-14) Sec. 5-14. Prohibition on equity stripping and loan flipping. No licensee may engage in equity stripping or loan flipping, as those terms are defined in the Illinois Fairness in Lending Act. (Source: P.A. 95-691, eff. 6-1-08.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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