§ 3-8 — Discrimination and redlining prohibited

Illinois § 3-8

• Jurisdiction: Illinois
• Topic: REGULATION
• Ch. 205: FINANCIAL REGULATION
• Act 205 ILCS 635/: Residential Mortgage License Act of 1987.
• Art.: Article III - Operations, Capitalization, Insurance

Text

It shall be considered discriminatory to refuse to grant loans or to vary the terms of loans or the application procedures for loans because of: (i) in the case of the proposed borrower, said borrower's race, color, religion, national origin, age, gender or marital status; or (ii) in the case of a mortgage loan, solely the geographic location of the proposed security.

Legislative History

(Source: P.A. 100-863, eff. 8-14-18.)