Bill Title: Amends the Residential Real Property Disclosure Act. Provides that a lender, or agent of a lending company, when offering terms for a mortgage note for the purchase of a manufactured home, shall disclose: (1) any affiliation between the landlord and the lending company; (2) that the loan is a chattel loan; (3) that the terms of a chattel loan prohibit refinancing; and (4) any other reason that prohibits refinancing.
Sponsorship: Partisan Bill (Democrat 4)
Status: (Failed) 2021-01-13 - Session Sine Die
[SB3437 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2020-02-13 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB3437 currently on file. |
