Sec. 16b. No real estate security in certain cases.
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/il/chapter-205/act-670/16b·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 16b. No real estate security in certain cases. For loans with an original principal amount of $3,000 or less, a licensee shall not take any security interest in real estate, except such lien as results from obtaining a judgment.