Illinois Statutes
§ 16b — No real estate security in certain cases
Illinois § 16b
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 670/Consumer Installment Loan Act.
This text of Illinois § 16b (No real estate security in certain cases) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
205 Ill. Comp. Stat. 16b (2026).
Text
For loans with an original principal amount of $3,000 or less, a licensee shall not take any security interest in real estate, except such lien as results from obtaining a judgment.
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Legislative History
(Source: P.A. 84-1004.)
Nearby Sections
6
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Bluebook (online)
Illinois § 16b, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/16b.