Illinois Statutes
§ 16b — No real estate security in certain cases
Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 670/ Consumer Installment Loan Act.
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.)