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 Bill Status of HB2965  100th General Assembly


Short Description:  MORTGAGE LOAN-ARREARS PAYMENT

House Sponsors
Rep. Jaime M. Andrade, Jr. - Litesa E. Wallace

Senate Sponsors
(Sen. Iris Y. Martinez )

Last Action
DateChamber Action
  8/22/2017HousePublic Act . . . . . . . . . 100-0268

Statutes Amended In Order of Appearance
205 ILCS 635/5-8.5 new


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/9/2017HouseFiled with the Clerk by Rep. Jaime M. Andrade, Jr.
  2/9/2017HouseFirst Reading
  2/9/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Financial Institutions Committee
  3/14/2017HouseDo Pass / Short Debate Financial Institutions Committee; 010-000-000
  3/15/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/23/2017HouseSecond Reading - Short Debate
  3/23/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/30/2017HouseThird Reading - Short Debate - Passed 110-000-001
  3/30/2017HouseAdded Chief Co-Sponsor Rep. Litesa E. Wallace
  4/4/2017SenateArrive in Senate
  4/4/2017SenatePlaced on Calendar Order of First Reading
  4/4/2017SenateChief Senate Sponsor Sen. Antonio Muņoz
  4/4/2017SenateFirst Reading
  4/4/2017SenateReferred to Assignments
  4/6/2017SenateAlternate Chief Sponsor Changed to Sen. Iris Y. Martinez
  4/25/2017SenateAssigned to Financial Institutions
  5/10/2017SenateDo Pass Financial Institutions; 007-000-000
  5/10/2017SenatePlaced on Calendar Order of 2nd Reading May 11, 2017
  5/15/2017SenateSecond Reading
  5/15/2017SenatePlaced on Calendar Order of 3rd Reading May 16, 2017
  5/25/2017SenateThird Reading - Passed; 056-000-000
  5/25/2017HousePassed Both Houses
  6/23/2017HouseSent to the Governor
  8/22/2017HouseGovernor Approved
  8/22/2017HouseEffective Date January 1, 2018
  8/22/2017HousePublic Act . . . . . . . . . 100-0268

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