(815 ILCS 137/5)
Purpose and construction.
The purpose of this Act is to protect
borrowers who enter into high risk home loans from abuse that occurs in the
credit marketplace when creditors and brokers are not
sufficiently regulated in Illinois. This Act is to be construed as a borrower
statute for all purposes. This Act shall be
liberally construed to effectuate its purpose.
(Source: P.A. 93-561, eff. 1-1-04.)