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What does ILLA stand for?

ILLA stands for Indiana Lender Liability Act


This definition appears very rarely

Other Resources: Acronym Finder has 4 verified definitions for ILLA

Samples in periodicals archive:

Lender Liability Act.   The lender in Wells Fargo got creative with a second theory around the Statute of Frauds that focused on Indiana’s Lender Liability Act, about which I wrote on July 11, 2008.   The lender argued that the conclusion not to enforce the cross-guaranty necessarily meant that the original mortgage had been amended.   Because the ILLA provides that a credit agreement may not be amended without a written agreement, the lender asserted that the signed mortgage must control all the material terms and conditions of the loan, including the alleged cross-collateralization term.