(815 ILCS 175/15-60)
Sec. 15-60.
Violations; liability of loan broker to damaged
parties; rights of prospective borrower. A person who violates
this Act, in connection with a contract for the services of a loan
broker, is liable to any person damaged by the violation, for the
amount of the actual damages suffered, interest at the legal rate,
and attorney fees. If a loan broker violates any provision of
this Act, in connection with a contract for loan brokering
services, the contract is void, and the prospective borrower is
entitled to receive from the loan broker all sums paid to the loan
broker, with interest and any attorney's fee required to enforce
this Section.
Any provision of this Section to the contrary notwithstanding, the civil
remedies of this Section shall not be available against any person by reason of
failure to comply with the requirements of Section 15-75 of this Act.
(Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)
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