Chillicothe — Ch. 50 Human Rights § 50-131
Definitions
Operative Text
The following words, terms and phrases, when used in this division, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning: Financial institution means any bank, credit union, insurance company, mortgage banking company or savings and loan association which operates or has a place of business in this state. Loan includes but is not limited to the providing of funds, for consideration, which are sought for the purpose of purchasing, constructing, improving, repairing, or maintaining a housing accommodation as that term is defined in section 50-101 . Varying the terms of a loan includes but is not limited to the following practices: (1) Requiring a greater down payment than is usual for the particular type of a loan involved. (2) Requiring a shorter period of amortization than is usual for the particular type of loan involved. (3) Charging a higher interest rate than is usual for the particular type of loan involved. (4) An under-appraisal of real estate or other item of property offered as security. Cross reference-- Definitions generally, § 1-2 . State Law reference-- Similar provisions, 775 ILCS 5/4-101.
Chillicothe Ch. 50 § 50-131 establishes the key definitions that govern the fair lending rules in this division of the Human Rights ordinance. It specifies what counts as a 'financial institution,' what qualifies as a 'loan,' and what practices constitute 'varying the terms of a loan'—such as demanding unusually large down payments, shorter repayment periods, higher interest rates, or undervaluing property used as collateral. These definitions set the boundaries for what conduct can be scrutinized under the division's anti-discrimination provisions.
Plain English — not legal advice.
Property owners and managers who work with financial institutions on housing-related loans should be aware that § 50-131 broadly defines the lending practices that fall under Chillicothe's Human Rights ordinance. Compliant operators generally ensure that any financing arrangements connected to their housing accommodations do not involve terms—such as inflated down payment requirements or artificially low appraisals—that could be characterized as discriminatory variations under this section. Familiarity with these definitions helps operators understand the scope of conduct that may be reviewed under the broader division.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 50-131 of Chillicothe's Human Rights ordinance defines the lending-related terms that protect residents from discriminatory financing practices when seeking funds to purchase, construct, improve, repair, or maintain a housing accommodation. If a tenant or prospective buyer believes they have been subjected to unfavorable loan terms—such as an unusually high interest rate or an undervaluation of their property—these definitions establish the framework under which such treatment may constitute a violation. Tenants can explore their options by contacting a local tenant-rights organization or a fair housing agency familiar with Chillicothe's Ch. 50 provisions.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 9, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
References Out
Rules and statutes cited by this regulation
References In
Rules and statutes that cite this regulation