(815 ILCS 137/45)
Sec. 45.
Refinancing prohibited in certain cases.
No lender shall
refinance any high risk home loan where such refinancing charges additional
points and fees within a 12-month period after the original loan agreement was
signed, unless the refinancing results in a tangible net benefit to the
borrower.
(Source: P.A. 93-561, eff. 1-1-04.)
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