Illinois anti predatory lending certificate of compliance form 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by selecting the type of property you are reporting on: Residential, Commercial, Apartments (7 units or more), Industrial, Vacant, or Mixed Use. This selection is crucial for categorizing your compliance correctly.
  3. Enter the Complaint Number and Property Identification Number (PIN) in the designated fields. These identifiers are essential for tracking your submission.
  4. In the affidavit section, clearly state your role (owner, partner, or joint venturer) and provide the name of the entity responsible for real estate taxes. Ensure this information is accurate as it verifies your authority over the property.
  5. Choose between two statements regarding tax returns: either confirm that a Federal Income Tax return has not been filed for 2013 but will include an income and expense statement, or indicate that multiple properties' income and expenses will be consolidated on a federal return. Check the appropriate box based on your situation.
  6. Attach any required income and expense statements as indicated in the form. Make sure these documents bear your signature to validate their authenticity.
  7. Finally, sign and date the affidavit before a Notary Public or Board Deputy to complete your submission.

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Predatory Mortgage Loan: A mortgage loan that is considered to be predatory according to federal, state or local laws, rules and regulations (collectively, Anti-Predatory Lending Laws). This definition also includes any mortgage-backed securities that consist of Predatory Mortgage Loans.
In March of 2021, the Illinois Predatory Loan Prevention Act (PLPA) went into effect. The PLPA imposes a 36% APR limit on loans to residents of Illinois and uses the expansive definition of APR of the Military Lending Act to include various fees and charges that might otherwise be excusable from the APR.
Welcome to the Anti Predatory Lending Database website. The purpose of this site is to eliminate predatory lending practices by increasing the borrowers understanding of the loans they are considering and therby reduce the number of foreclosures resulting from inappropriate loans.

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