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Code · Illinois · Chapter 815 — BUSINESS TRANSACTIONS · Act 137

Sec. 25. Good faith dealings; fraudulent or deceptive practices.

63 words·~1 min read·/il/chapter-815/act-137/25

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Sec. 25. Good faith dealings; fraudulent or deceptive practices. A lender must act in good faith in all relations with a borrower, including but not limited to, transferring, dealing in, offering, or making a high risk home loan.
No lender shall employ fraudulent or deceptive acts or practices in the making of a high risk home loan, including deceptive marketing and sales efforts.
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