Illinois General Assembly

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 Bill Status of HB3775  98th General Assembly


Short Description:  MORTGAGE LENDERS-TRUST AGRMNTS

House Sponsors
Rep. Michael W. Tryon

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 635/5-6.1 new


Synopsis As Introduced
Amends the Residential Mortgage License Act of 1987. Provides that a mortgage lender acting on behalf of a borrower may not require that the seller of real property or his or her agent disclose the terms of a private trust agreement regarding the real property that is the subject of the underlying real estate transaction.

Actions 
DateChamber Action
  12/20/2013HouseFiled with the Clerk by Rep. Michael W. Tryon
  1/13/2014HouseFirst Reading
  1/13/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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