Common use of Predatory Lending Clause in Contracts

Predatory Lending. The Investor is subject to the “Servicer Certification” requirements set forth in 40 ILCS 5/1-110.10. Each of the Fund, the Manager, and the Investment Adviser certifies that it is not an entity chartered under: (a) the Illinois Banking Act (205 ILCS 5/1 et seq.); (b) the Illinois Savings Bank Act (205 ILCS 205/1 et seq.); (c) the Illinois Credit Union Act (205 ILCS 305/1 et seq.); or (d) the Illinois Savings and Loan Act of 1985 (205 ILCS 105/1 et seq.). Further, each of the Fund, the Manager, and the Investment Adviser certifies that it is not an entity licensed under the: (i) Illinois Residential Mortgage License Act of 1987 (205 ILCS 635/1 et seq.); (ii) the Illinois Consumer Installment Loan Act (205 ILCS 607 et seq.); or (iii) the Illinois Sales Finance Agency Act (205 ILCS 606/1 et seq.). If the Fund, the Manager, or the Investment Adviser shall become an entity chartered under or licensed under any of the foregoing provisions, such entity shall provide prompt written notice to the Investor and, thereafter, shall comply with the requirements applicable to it set forth in 40 ILCS 5/1-110.10.