Illinois Code § 5
Illinois Code § 5. Reproduced from the official Illinois Compiled Statutes, with a citation summary, verification link, and related provisions.
§ 5.
Findings. The General Assembly finds and declares the following: (1) Two federal agencies, the Federal Home Owners' Loan Corporation and the Federal Housing Administration, played a major role in the development of the modern home mortgage origination industry. (2) Both federal agencies explicitly considered the racial and ethnic make-up of neighborhoods when underwriting loans and valuing the real estate to be used as home loan collateral. (3) Both agencies devalued property or refused to make loans secured by property in communities of color. (4) The harmful consequences of this discrimination remain unresolved. (Source: P.A. 102-934, eff. 1-1-23.)
Source: official Illinois text · Last verified 2026-08-27
At a glance
- Citation: Illinois Compiled Statutes § 5
- Jurisdiction: Illinois
- Code: Illinois Compiled Statutes
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Illinois Compiled Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Illinois attorney.
Common questions
What is the source of Illinois Compiled Statutes § 5?
The text above is transcribed from the Illinois Compiled Statutes, the codified statutes of Illinois. The official publisher link appears under "Verify the text" on this page.
What subject does Illinois Compiled Statutes § 5 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Illinois Compiled Statutes § 5 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Illinois source before relying on this text.
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