IL HB4154 | 2021-2022 | 102nd General Assembly
Status
Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on September 23 2021 - 25% progression, died in committee
Action: 2021-10-19 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on September 23 2021 - 25% progression, died in committee
Action: 2021-10-19 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Code of Civil Procedure. Allows the Illinois Housing Development Authority to issue a one-time loan of up to $25,000 to pay delinquent escrow payments or property tax payments in forbearance accrued between March 17, 2021 through September 30, 2021 for homeowners who participated in the federal COVID-19 mortgage forbearance program under the Coronavirus Aid, Relief, and Economic Security Act. Allows a homeowner to apply to for the loan if the homeowner: has participated in the federal COVID-19 mortgage forbearance program; is delinquent in escrow payments or property tax payments to the mortgage lender; and has enrolled in or has the ability to enroll in a remediation process with the homeowner's mortgage servicer to bring the mortgage out of forbearance. Requires the Illinois Housing Development Authority to: determine the amount to be issued to the homeowner based on the application submitted by the homeowner; place a lien on the property for which the homeowner is delinquent on payments; and forgive the loan after 3 years if the homeowner is not in arrears on the loan. Effective immediately.
Title
IHDA-COVID-19 MORTGAGE RELIEF
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-10-19 | House | Referred to Rules Committee |
| 2021-10-19 | House | First Reading |
| 2021-09-30 | House | Added Co-Sponsor Rep. Michelle Mussman |
| 2021-09-23 | House | Filed with the Clerk by Rep. La Shawn K. Ford |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 735 | 5 | 15-1801 | New Code | See Bill Text |
| 735 | 5 | Art. XV Pt. 18 h | New Code | See Bill Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4154&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB4154.htm |
