Illinois Department of Financial & Professional Regulation Illinois Department of Financial & Professional Regulation
 
Bryan A. Schneider, Secretary  
Bruce Rauner, Governor
www.idfpr.com
www.idfpr.comAgency Quick Links
IDFPR Home Page
Information About
IDFPR
Banking
Non-banking Financial Institutions
Professional Regulation
Real Estate
About IDFPR
Contact Information
General FAQs
Banks and Trust Companies - Tips
 

Illinois Fairness in Lending Act

The Illinois Fairness in Lending Act prohibits the following acts in contemplation of making any loan to any person:

Deny or vary the terms of a loan on the basis that a specific parcel of real estate
offered as security is located in a specific geographical area.

Deny or vary the terms of a loan without having considered all of the regular
and dependable income of each person who would be
liable for repayment of the loan.

Deny or vary the terms of a loan on the sole basis of the childbearing capacity of an
applicant or an applicant's spouse.

Utilize lending standards that have no economic basis and which are discriminatory in effect.

 
New Web Site:


External Links
State Features
Office of the Governor
Illinois Business Portal
Illinois Veterans Care
Get Covered Illinois