38 Ill. Adm. Code 1050.1270
Refinancing Prohibited in Certain Cases
Section 1050
Section 1050.1270
Refinancing Prohibited in Certain Cases
No lender shall refinance any
high risk home loan, if the refinancing charges additional points and fees,
within a 12 month period after the original loan agreement was signed, unless
the refinancing results in a financial benefit to the borrower.