High Cost Update
Description
Addition of 2020 threshold adjustment to the Illinois High Risk Home Loan Act test. Loan amounts below $21,980 will apply a points and fees limit of the lesser of 8% or $1099.
Addition of 2020 threshold adjustment to the Illinois High Risk Home Loan Act test. Loan amounts below $21,980 will apply a points and fees limit of the lesser of 8% or $1099.
815 ILCS 137/1