FAIR LENDING-TRANSIT-HOUSING

Where it is in the process

Plain-English Summary

Amends the Department of Professional Regulation Law of the Civil Administrative Code of Illinois. Requires the Department of Financial and Professional Regulation, in consultation with the Sangamon County Board and the City of Springfield, to conduct a study on the lending practices and borrower outcomes within Sangamon County and analyze any information collected in connection with that study. Provides that the study shall encompass all financial institutions and lending entities licensed or r…

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