Ill. Admin. Code tit. 38 § 1075.545
Current through Register Vol. 48, No. 36, September 6, 2024
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