Illinois Statutes
§ 5-14 — Prohibition on equity stripping and loan flipping
Illinois § 5-14
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 635/Residential Mortgage License Act of 1987.
Art.Article V - Lending Procedures
This text of Illinois § 5-14 (Prohibition on equity stripping and loan flipping) 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. 5-14 (2026).
Text
No licensee may engage in equity stripping or loan flipping, as those terms are defined in the Illinois Fairness in Lending Act.
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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 § 5-14, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/5-14.