Illinois Statutes
§ 78 — Exemption
Illinois § 78
JurisdictionIllinois
TopicRIGHTS AND REMEDIES
Ch. 765PROPERTY
Act 765 ILCS 77/Residential Real Property Disclosure Act.
Art.Article 3 - Predatory Lending Database
This text of Illinois § 78 (Exemption) 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
765 Ill. Comp. Stat. 78 (2026).
Text
Borrowers applying for reverse mortgage financing of residential real estate including under programs regulated by the Federal Housing Administration (FHA) that require HUD-approved counseling are exempt from the program and may submit a HUD counseling certificate to comply with the program. A certificate of exemption is required for recording. Mortgages secured by non-owner occupied property, commercial property, residential property consisting of more than 4 units, and government property are exempt but require a certificate of exemption for recording. Mortgages originated by an exempt person or entity are exempt but require a certificate of exemption for recording.
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Legislative History
(Source: P.A. 98-463, eff. 8-16-13; 98-1081, eff. 1-1-15 .)
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Bluebook (online)
Illinois § 78, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/765/78.