Sec. 130. Circumstances voiding mandatory arbitration provisions.
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/il/chapter-815/act-137/130A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 130. Circumstances voiding mandatory arbitration provisions. Without regard to whether a borrower is acting individually or on behalf of others similarly situated, a mandatory arbitration provision of a high risk home loan agreement that is oppressive, unfair, unconscionable, or substantially in derogation of the rights of the borrower is void.