(815 ILCS 137/130)
Circumstances voiding mandatory arbitration provisions.
regard to whether a borrower is acting individually or on behalf of others
similarly situated, a mandatory arbitration provision of a high risk home loan
agreement that is oppressive, unfair, unconscionable, or substantially in
derogation of the rights of the borrower is void.
(Source: P.A. 93-561, eff. 1-1-04.)