Illinois § 2XXX
Full text of Illinois Illinois Compiled Statutes § 2XXX, with citation guidance and answers to common questions.
§ 2XXX.
Sec. 2XXX. Disclosure requirements for manufactured homes. (a) A lender, or agent of a lending company, when offering terms for a mortgage note for the purchase of a manufactured home, as defined in the Mobile Home Park Act, that has not been caused to be deemed to be real property by satisfying the requirements of the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act, shall disclose: (1) any affiliation between the landlord and the lending company; (2) that the loan is a chattel loan; (3) that the terms of a chattel loan prohibit refinancing; (4) that, depending on where the consumer affixes the manufactured home (be it property owned by the consumer or on certain types of leased land), the manufactured home may qualify as real property under the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act; and (5) any other reason that prohibits refinancing. (b) A violation of this Section constitutes an unlawful practice within the meaning of this Act. (Source: P.A. 102-365, eff. 1-1-22; 102-813, eff. 5-13-22.)
Frequently Asked Questions About Illinois § 2XXX
What does Illinois Compiled Statutes § 2XXX cover?
Section 2XXX is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 2XXX?
A common citation format is "Illinois Compiled Statutes § 2XXX" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 2XXX apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.