# 815 ILCS 137/30: Section 30

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S30

## Section

- **Citation:** 815 ILCS 137/30
- **Heading:** Section 30
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 815 / Act 137 / Section 30

## Text

(815 ILCS 137/30) Sec. 30. No prepayment penalty. A high risk home loan may not contain terms under which a consumer must pay a prepayment penalty for paying all or part of the principal before the date on which the principal is due. For purposes of this Section, any method of computing a refund of unearned scheduled interest is a prepayment penalty if it is less favorable to the consumer than the actuarial method as that term is defined by Section 933(d) of the federal Housing and Community Development Act of 1992, 15 U.S.C. 1615(d). (Source: P.A. 97-849, eff. 1-10-14 (see Section 10 of P.A. 97-1159, 78 Fed. Reg. 6855, 6857, 78 Fed. Reg. 10695, 10696, and 78 Fed. Reg. 44685, 44686).)

## Nearby sections

- [815 ILCS 137/1 Section 1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S1.md)
- [815 ILCS 137/5 Section 5](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S5.md)
- [815 ILCS 137/10 Section 10](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S10.md)
- [815 ILCS 137/15 Section 15](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S15.md)
- [815 ILCS 137/20 Section 20](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S20.md)
- [815 ILCS 137/25 Section 25](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S25.md)
- [815 ILCS 137/30 Section 30](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S30.md)
- [815 ILCS 137/35 Section 35](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S35.md)
- [815 ILCS 137/35.5 Section 35.5](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S35.5.md)
- [815 ILCS 137/40 Section 40](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S40.md)
- [815 ILCS 137/45 Section 45](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S45.md)
- [815 ILCS 137/55 Section 55](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S55.md)
- [815 ILCS 137/60 Section 60](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S60.md)
- [815 ILCS 137/65 Section 65](https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S65.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S30. Check the current official text before relying on it. Not legal advice.