Ill. Admin. Code tit. 38 § 1075.545

Current through Register Vol. 48, No. 44, November 1, 2024
Section 1075.545 - Home Equity Loans

Savings banks are permitted, without limitation on the percentage of total assets, to establish revolving lines of credit on the security of a first or junior lien on the borrower's personal residence, based primarily on the borrower's equity. The proceeds of such loan may be used for any purpose.

Ill. Admin. Code tit. 38, § 1075.545