IL HB5456 | 2011-2012 | 97th General Assembly

Illinois House Bill 5456 (Prior Session Legislation)

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Banking Act and the Illinois Savings and Loan Act of 1985. Provides that upon the conviction of a director or officer of a bank or savings and loan association, or the conviction of a bank or savings and loan association, of the offense of wrongful inducement of abandonment of a residence, the Secretary of the Department of Financial and Professional Regulation shall take control of the financial institution. Amends the Residential Mortgage License Act of 1987. Provides that if a licensee is convicted of wrongful inducement of abandonment, the person's license shall be revoked. Amends the Code of Civil Procedure. Amends provisions setting forth the elements of the offense of wrongful inducement of abandonment (a Class B misdemeanor) by adding language making it a Class A misdemeanor for a mortgagee or a person acting on behalf of a mortgagee to engage in specified prohibited conduct with the intent of inducing a mortgagor or occupant to abandon mortgaged residential real estate or with the intent of obtaining a finding of abandonment of residential real estate. Makes additions to provisions concerning a notice that is required to be sent to mortgagors whose loans are past due. Authorizes a fast-track foreclosure procedure for abandoned residential real estate under specified circumstances. Makes other changes. Effective immediately.

Title

FORECLOSURE-FAST TRACK-VACANT

History

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-02-15	House	Referred to Rules Committee
2012-02-15	House	First Reading
2012-02-09	House	Filed with the Clerk by Rep. Luis Arroyo

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
205	105	10-15	Amended Code	Citation Text
205	105	7-3.3	New Code	See Bill Text
205	5	48.01	New Code	See Bill Text
205	635	4-1	Amended Code	Citation Text
735	5	15-1104	Amended Code	Citation Text
735	5	15-1200.	New Code	See Bill Text
735	5	15-1200.	New Code	See Bill Text
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Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5456&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB5456.htm

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