Illinois Compiled Statutes 815 Business Transactions: Article -

• Illinois Fairness in Lending Act. - 815 ILCS 120, Section 1
  This Act shall be known and may be cited as the "Illinois Fairness in Lending Act". (Source: P.A. 81-1391.)
• Illinois Fairness in Lending Act. - 815 ILCS 120, Section 2
  As used in this Act: (a) "Financial Institution" means any bank, credit union, insurance company, mortgage banking company, savings bank, savings and loan association,...
• Illinois Fairness in Lending Act. - 815 ILCS 120, Section 3
  No financial institution, in connection with or in contemplation of any loan to any person, may: (a) Deny or vary the terms of a loan...
• Illinois Fairness in Lending Act. - 815 ILCS 120, Section 4
  Nothing contained in this Act shall preclude a financial institution from considering sound underwriting practices in contemplation of any loan to any person. Such...
• Illinois Fairness in Lending Act. - 815 ILCS 120, Section 5
  (a) Subject to the limitation imposed by subsection (b), any person who has been aggrieved as a result of a violation of this Act...
• Illinois Fairness in Lending Act. - 815 ILCS 120, Section 6
  Where a financial institution repossesses a motor vehicle that was used as a collateral and which is used primarily for the borrower's personal, family...

Last modified: February 18, 2015