Illinois Compiled Statutes 815 ILCS 137/130 – Circumstances voiding mandatory arbitration provisions
Current as of: 2024 | Check for updates
|
Other versions
Without regard to whether a borrower is acting individually or on behalf of others similarly situated, a mandatory arbitration provision of a high risk home loan agreement that is oppressive, unfair, unconscionable, or substantially in derogation of the rights of the borrower is void.