TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1000 ILLINOIS SAVINGS AND LOAN ACT OF 1985
SECTION 1000.290 REDLINING


 

Section 1000.290  Redlining

 

"Redlining" is the practice of arbitrarily varying the terms or application procedures or refusing to grant a mortgage loan within a specific geographic area on the grounds that the specific parcel of real estate proposed as collateral for the loan is located within said specific geographic area.