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BankersOnline.com Forums State-Specific Compliance Issues Illinois Mortgage Usury Laws
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#133788 - 11/24/03 07:29 PM Mortgage Usury Laws
Anonymous
Unregistered

Do usury laws apply in Illinois. If so, where can I find this information?

Thanks for your help.

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#133789 - 11/25/03 04:45 PM Re: Mortgage Usury Laws
sue's mom Offline
Gold Star
sue's mom
Joined: Feb 2003
Posts: 455
IL
Check the website of Office of Banks and Real Estate - Illinois. Look under Illinois Compiled Statutes, Chapter 815 - Business Transactions, Act 205 - Interest Act.

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