Bill Title: Amends the Home Equity Assurance Act. Provides that a governing commission, with no less than $4,000,000 in its guarantee fund, may, if authorized (i) by referendum approved by a majority of the voters or (ii) by resolution of the governing commission upon approval by two-thirds of the commissioners, establish a Delinquent Tax Repayment Loan Fund to provide low-interest emergency loans to eligible applicants. Includes procedures to initiate and approve a referendum for the Delinquent Tax Repayment Loan Fund. Provides for conditions for the establishment and administration of the guaranteed home equity program with funds collected under the program.

Sponsorship: Partisan Bill (Democrat 9)

Status: (Passed) 2021-08-27 - Public Act . . . . . . . . . 102-0599 [HB2614 Detail]

Text: Latest bill text (Chaptered) [HTML]

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