Illinois Interest Act. No Mortgage Loan that is secured by property located in Illinois is in violation of the provisions of the Illinois Interest Act (815 Ill. Comp. Stat. 205/1 et seq.).
Appears in 5 contracts
Samples: Assignment, Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2006-Ar1), Assignment, Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2006-Ar1), Assignment, Assumption and Recognition Agreement (GSR 2006-Ar2)
Illinois Interest Act. No Mortgage Loan that is secured by property a Mortgage Property located in the State of Illinois is in violation of the provisions of the Illinois Interest Act Act, including Section 4.1a which provides that no such Mortgage Loan with a Mortgage Interest Rate in excess of 8.0% per annum has lender-imposed fees (815 Ill. Comp. Stat. 205/1 et seq.).or other charges) in excess of 3.0% of the original principal balance of the Mortgage Loan;
Appears in 2 contracts
Samples: Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-A1), Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Investors Trust, Series 2006-A2)
Illinois Interest Act. No None of the Mortgage Loan Loans that is are secured by property located in Illinois is are in violation of the provisions of the Illinois Interest Act (815 Ill. Comp. Stat. 205/1 et seq.).Act;
Appears in 1 contract
Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)
Illinois Interest Act. No Mortgage Loan that is secured by property a Mortgage Property located in the State of Illinois is in violation of the provisions of the Illinois Interest Act Act, including Section 4.1a which provides that no such Mortgage Loan with a Mortgage Interest Rate in excess of 8.0% per annum has lender-imposed fees (815 Ill. Comp. Stat. 205/1 et seq.).or other charges) in excess of 3.0% of the original principal balance of the Mortgage Loan; and
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