Comments: IL HB2965 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Residential Mortgage License Act of 1987. Provides that when a mortgagor is in arrears more than one month, no licensee shall refuse to accept any payments offered by the mortgagor in whole month payment amounts. Provides that such payments shall be applied to the unpaid balance in the manner provided in the licensee's mortgage with that mortgagor.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Enrolled) 2017-06-23 - Sent to the Governor [HB2965 Detail]

Text: Latest bill text (Enrolled) [HTML]

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