Sec. 70. Negative equity.
31 words·~1 min read·
/il/chapter-815/act-137/70A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 70. Negative equity. No lender shall transfer, deal in, offer, or make a high risk home loan where the loan amount exceeds the value of the property securing the loan.