Does the prepayment restrictions (over 8%) within 815 IL CS 205/4 prohibting the prepayment penalty on loans with an interest rate in excess of 8% apply only residential mortgage loans - 1 to 4 unit, primarily for personal, family, household purposes.

I'm not sure if our mixed-use loans would fall under the prohibition depending on the specific purpose of the loan.

To piggyback on the above, does this apply to junior liens as well?