§ 3-102.10 — Third-party loan modification service provider

Illinois § 3-102.10

• Jurisdiction: Illinois
• Topic: RIGHTS AND REMEDIES
• Ch. 775: HUMAN RIGHTS
• Act 775 ILCS 5/: Illinois Human Rights Act.
• Art.: Article 3 - Real Estate Transactions

Text

(A) It is a civil rights violation for a third-party loan modification service provider, because of unlawful discrimination, familial status, immigration status, source of income, or an arrest record, to: (1) refuse to engage in loan modification services; (2) alter the terms, conditions, or privileges of such services; or (3) discriminate in making such services available, including, but not limited to, by making a statement, advertisement, representation, inquiry, listing, offer, or solicitation that indicates a preference or the intention to make such a preference in making such services available. (B) For purposes of this Section, "third-party loan modification service provider" means a person or entity, whether licensed or not, who, for or with the expectation of receiving consideration, provides assistance or services to a loan borrower to obtain a modification to a term of an existing real estate loan or to obtain foreclosure relief. "Third-party loan modification service provider" does not include lenders, brokers or appraisers of mortgage loans, or the servicers, subsidiaries, affiliates, or agents of the lender.

Legislative History

(Source: P.A. 102-362, eff. 1-1-22; 103-232, eff. 1-1-24 .)