TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1275 FINANCING OF CERTAIN POINTS AND FEES
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1050 RESIDENTIAL MORTGAGE LICENSE ACT OF 1987
SECTION 1050.1275 FINANCING OF CERTAIN POINTS AND FEES
Section 1050.1275 Financing of Certain Points and Fees
No lender shall make a high risk home loan if that loan finances points and fees in excess of 6% of the total loan amount.
(Source: Amended at 29 Ill. Reg. 14808, effective September 26, 2005)