Illinois Code § 20 ILCS 3805/7.18

The Authority may consent, whenever it deems it necessary or desirable
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in the fulfillment of the purposes of this Act, to the modification, with
respect to rate of interest; time of payment or any installment of
principal or interest, or any other terms, of any mortgage, mortgage loan,
mortgage loan commitment, other loan, contract or agreement of any kind to which the
Authority is a party.

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