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

Sec. 90. Call provision.

62 words·~1 min read·/il/chapter-815/act-137/90

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Sec. 90. Call provision. No lender shall transfer, deal in, offer, or make a high risk home loan that contains a provision that permits the lender, in its sole discretion, to accelerate the indebtedness, provided that this provision does not prohibit acceleration of a loan in good faith due to a borrower's failure to abide by the material terms of the loan.
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