# 815 ILCS 137/5: Section 5

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C815_A137_S5

## Section

- **Citation:** 815 ILCS 137/5
- **Heading:** Section 5
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 815 / Act 137 / Section 5

## Text

(815 ILCS 137/5) Sec. 5. Purpose and construction. The purpose of this Act is to protect borrowers who enter into high risk home loans from abuse that occurs in the credit marketplace when creditors and brokers are not sufficiently regulated in Illinois. This Act is to be construed as a borrower protection statute for all purposes. This Act shall be liberally construed to effectuate its purpose. (Source: P.A. 93-561, eff. 1-1-04.)

## 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_S5. Check the current official text before relying on it. Not legal advice.