815 ILCS 137/70

815 ILCS 137/70
in effect
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(815 ILCS 137/70) Sec. 70. Negative equity. No lender shall transfer, deal in, offer, or make a high risk home loan where the loan amount exceeds the value of the property securing the loan. (Source: P.A. 93-561, eff. 1-1-04.)
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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