IL SB0776 | 2017-2018 | 100th General Assembly

Status

Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Engrossed on April 25 2017 - 50% progression
Action: 2017-05-24 - Placed on Calendar Order of 3rd Reading - Short Debate
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Predatory Lending Database Article of the Residential Real Property Disclosure Act. Changes the definition of "counseling" and "originator". Provides that each certificate of compliance with the Article or certificate of exemption must contain, at a minimum, one of the borrower's names on the mortgage loan and the property index number for the subject property. Makes changes concerning the information which must be collected and submitted by the broker or originator and by the title insurance company or closing agent. Effective immediately.

Tracking Information

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Title

PREDATORY LENDING DATABASE

Sponsors


Roll Calls

2017-04-25 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]

History

DateChamberAction
2017-05-24HousePlaced on Calendar Order of 3rd Reading - Short Debate
2017-05-24HouseSecond Reading - Short Debate
2017-05-24HousePlaced on Calendar 2nd Reading - Short Debate
2017-05-24HouseDo Pass as Amended / Short Debate Executive Committee; 011-000-000
2017-05-24HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
2017-05-19HouseHouse Committee Amendment No. 1 Committee Deadline Extended-Rule 9(b) May 26, 2017
2017-05-19HouseCommittee Deadline Extended-Rule 9(b) May 26, 2017
2017-05-15HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee
2017-05-11HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2017-05-11HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. La Shawn K. Ford
2017-05-09HouseAssigned to Executive Committee
2017-04-27HouseReferred to Rules Committee
2017-04-27HouseFirst Reading
2017-04-27HouseChief House Sponsor Rep. La Shawn K. Ford
2017-04-25HouseArrived in House
2017-04-25SenateThird Reading - Passed; 057-000-000
2017-04-25SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
2017-03-30SenatePlaced on Calendar Order of 3rd Reading April 4, 2017
2017-03-30SenateSecond Reading
2017-03-15SenatePlaced on Calendar Order of 2nd Reading March 16, 2017
2017-03-15SenateDo Pass as Amended Financial Institutions; 008-000-000
2017-03-15SenateSenate Committee Amendment No. 1 Adopted
2017-03-07SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
2017-03-03SenateSenate Committee Amendment No. 1 Referred to Assignments
2017-03-03SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Chris Nybo
2017-02-08SenateAssigned to Financial Institutions
2017-02-01SenateReferred to Assignments
2017-02-01SenateFirst Reading
2017-02-01SenateFiled with Secretary by Sen. Chris Nybo

Code Citations

ChapterArticleSectionCitation TypeStatute Text
7657770Amended CodeCitation Text
7657772Amended CodeCitation Text
7657776Amended CodeCitation Text

Illinois State Sources


Bill Comments

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