Illinois Compiled Statutes 205 ILCS 635/5-5A – Violations of the Reverse Mortgage Act
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Terms Used In Illinois Compiled Statutes 205 ILCS 635/5-5A
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Any violation of the Reverse Mortgage Act by a residential mortgage licensee shall be considered a violation of this Act.