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 Bill Status of SB0776  100th General Assembly


Short Description:  PREDATORY LENDING DATABASE

Senate Sponsors
Sen. Chris Nybo

Last Action
DateChamber Action
  2/8/2017SenateAssigned to Financial Institutions

Statutes Amended In Order of Appearance
765 ILCS 77/70
765 ILCS 77/72
765 ILCS 77/76


Synopsis As Introduced
Amends the Predatory Lending Database Article of the Residential Real Property Disclosure Act. Changes the definition of "counseling" and "originator". Provides that each certificate of compliance with the Article or certificate of exemption must contain, at a minimum, one of the borrower's names on the mortgage loan and the property index number for the subject property. Makes changes concerning the information which must be collected and submitted by the broker or originator and by the title insurance company or closing agent. Effective immediately.

Actions 
DateChamber Action
  2/1/2017SenateFiled with Secretary by Sen. Chris Nybo
  2/1/2017SenateFirst Reading
  2/1/2017SenateReferred to Assignments
  2/8/2017SenateAssigned to Financial Institutions

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