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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 635

Sec. 5-10. Comparable monthly payment quotes.

46 words·~1 min read·/il/chapter-205/act-635/5-10

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Sec. 5-10. Comparable monthly payment quotes. When comparing different loans, the licensee must not state or imply that monthly loan payments, if they include amounts escrowed for payment of property taxes and homeowner's insurance, are comparable with monthly loan payments that do not include these amounts.
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