(765 ILCS 77/73)
    Sec. 73. Standards for counseling. A borrower or borrowers subject to this Article shall be recommended for counseling if, after reviewing the information in the predatory lending database submitted under Section 72, the Department finds the borrower or borrowers are all first-time homebuyers or refinancing a primary residence and the loan is a mortgage that includes one or more of the following:
        (1) the loan permits interest only payments;
        (2) the loan may result in negative amortization;
        (3) the total points and fees payable by the borrower
at or before closing will exceed 5%;
        (4) the loan includes a prepayment penalty; or
        (5) the loan is an ARM.
(Source: P.A. 95-691, eff. 6-1-08.)