Illinois Consumer Fraud and Deceptive Business Practices Act
Mortgage Loan Violations
The parties involved in your mortgage may have violated the law. Predatory lending actions covered by the Illinois Consumer Fraud and Deceptive Business Practices Act include practices such as deception, fraud, false promise, false pretense, misrepresentation or omission of a material fact. We can examine your mortgage to determine whether any of these tactics were used in the lending, servicing or foreclosure processes. Issues we may uncover can include:
- Bait-and-switch loan rates
- Adding fees after the loan has been executed
- Failing to disclose loan terms
- Making false statements
- Making improper pleadings
- Lack of service
You have rights as a homeowner and consumer. We work to protect these rights from unscrupulous mortgage lenders, title companies and mortgage servicers. If we find evidence that the Illinois Consumer Fraud and Deceptive Business Practices Act has been violated, we can countersue the responsible party.
The Illinois Consumer Fraud and Deceptive Business Practices Act (815 ILCS 505/1) may be applicable to residential and commercial foreclosures. You can use this law to bring suits against predatory lenders and servicers.
The attorneys at EV Has, LLC in Chicago can determine whether your foreclosure case may be helped by this law. If your lender violated the act, we can raise a legitimate defense to the foreclosure. For a free consultation, please call our office at 312-775-0980 or contact us online.
