The Illinois High Risk Home Loan Act protects borrowers from:

Option A is incorrect because the Illinois High Risk Home Loan Act does not protect against all foreclosures. The act specifically targets predatory lending practices in high-cost loans, not foreclosure proceedings in general. Foreclosures can still occur for legitimate reasons like borrower default on loan payments, as long as the lending practices followed state and federal regulations.

Property tax increases are governed by local tax codes and assessment procedures, not specifically addressed by the Illinois High Risk Home Loan Act.

Insurance requirements are typically regulated by state insurance departments and specified in loan documents, not directly protected by this specific legislation.