Bill Text: IL SB3522 | 2011-2012 | 97th General Assembly | Amended
Bill Title: Amends the Residential Mortgage License Act of 1987, the High Risk Home Loan Act, and the Interest Act. Limits the imposition of prepayment penalties in connection with high risk home loans. Limits the size of balloon payments in connection with high risk home loans. Limits the imposition of late fees. Effective January 1, 2013.
Spectrum: Partisan Bill (Democrat 24-0)
Status: (Failed) 2013-01-08 - Session Sine Die [SB3522 Detail]
Download: Illinois-2011-SB3522-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 3522
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 3522, AS AMENDED, | ||||||
| 3 | with reference to page and line numbers of House Amendment No. | ||||||
| 4 | 2, on page 31, by deleting lines 3 through 7; and
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| 5 | on page 43, by replacing lines 14 through 19 with the | ||||||
| 6 | following: | ||||||
| 7 | "Assembly. Upon confirmation of the sale under".
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