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

Sec. 5. Purpose and construction.

63 words·~1 min read·/il/chapter-815/act-137/5

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Sec. 5. Purpose and construction. The purpose of this Act is to protect borrowers who enter into high risk home loans from abuse that occurs in the credit marketplace when creditors and brokers are not sufficiently regulated in Illinois. This Act is to be construed as a borrower protection statute for all purposes. This Act shall be liberally construed to effectuate its purpose.
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