Illinois
Chapter 765 — PROPERTY · Act 945
17 entries
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Sec. 1. Short title.
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Sec. 5. General definitions.
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Sec. 10. Reverse mortgages.
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Sec. 15. Reverse mortgage disclosures.
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Sec. 20. Reverse mortgages cooling-off period.
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Sec. 25. Reverse mortgages; restriction on cross-selling.
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Sec. 30. Reverse mortgages; restriction on distribution of loan proceeds.
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Sec. 35. Reverse mortgages; certification requirements.
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Sec. 40. Enforcement.
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Sec. 900. (Amendatory provisions; text omitted).
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Sec. 905. The Illinois Banking Act is amended by repealing Sections 5a, 6.
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Sec. 910. The Savings Bank Act is amended by repealing Section 1010.
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Sec. 915. (Amendatory provisions; text omitted).
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Sec. 920. The Illinois Credit Union Act is amended by repealing Sections 46.
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Sec. 925. (Amendatory provisions; text omitted).
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Sec. 930. The Residential Mortgage License Act of 1987 is amended by repealing Section 5-5.
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Sec. 935. (Amendatory provisions; text omitted).