815 ILCS 120/3
815 ILCS 120/3
Illinois · Illinois Compiled Statutes 815 ILCS 120 — Illinois Fairness in Lending Act. · Status: effective
Cite this
- Citation
- 815 ILCS 120/3, Illinois, version 1 as recorded 2026-08-15, yourstate.us, https://yourstate.us/provision/1302124
- Permanent ID
ys:prov:1302124@1- SHA-256
af7c8d28468e9b104624068affab16ec5e139b529ab50730ec38a0cc358764c4
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
No financial institution, in connection with or in contemplation of any loan to any person, may:
(a) Deny or vary the terms of a loan on the basis that a specific parcel of real estate offered as security is located in a specific geographical area.
(b) Deny or vary the terms of a loan without having considered all of the regular and dependable income of each person who would be liable for repayment of the loan.
(c) Deny or vary the terms of a loan on the sole basis of the childbearing capacity of an applicant or an applicant's spouse. (c-5) Deny or vary the terms of a loan on the basis of the borrower's race, gender, disability, or national origin.
(d) Utilize lending standards that have no economic basis and which are discriminatory in effect.
(e) Engage in equity stripping or loan flipping. (Source: P.A. 95-961, eff. 9-23-08.)