205 ILCS 670/16b

205 ILCS 670/16b
in effect
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(205 ILCS 670/16b) (from Ch. 17, par. 5422) Sec. 16b. No real estate security in certain cases. For loans with an original principal amount of $3,000 or less, a licensee shall not take any security interest in real estate, except such lien as results from obtaining a judgment. (Source: P.A. 84-1004.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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