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]

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.

Tracking Information

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Title

IHDA-COVID-19 MORTGAGE RELIEF

Sponsors


History

DateChamberAction
2021-10-19HouseReferred to Rules Committee
2021-10-19HouseFirst Reading
2021-09-30HouseAdded Co-Sponsor Rep. Michelle Mussman
2021-09-23HouseFiled with the Clerk by Rep. La Shawn K. Ford

Code Citations

ChapterArticleSectionCitation TypeStatute Text
735515-1801New CodeSee Bill Text
7355Art. XV Pt. 18 hNew CodeSee Bill Text

Illinois State Sources


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