Illinois Statutes
§ 5-12 — Disclosure of refinancing options
Illinois § 5-12
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 635/Residential Mortgage License Act of 1987.
Art.Article V - Lending Procedures
This text of Illinois § 5-12 (Disclosure of refinancing options) 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. 5-12 (2026).
Text
If the subject of a future loan is discussed by a licensee making, providing, or arranging a mortgage loan, the licensee shall disclose the circumstances under which a new loan could be considered. Such disclosure shall clearly state that it is not a contract and that the licensee is not representing or promising that a new loan could or would be made at any time in the future.
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Legislative History
(Source: P.A. 95-691, eff. 6-1-08 .)
Nearby Sections
15
§ 5-10.5
Disclosure of records§ 5-11
§ 5-11§ 5-12.5
§ 5-12.5§ 5-15
Application form§ 5-17
Severability§ 5-3
Violations; ordersCite This Page — Counsel Stack
Bluebook (online)
Illinois § 5-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/5-12.