Illinois General Assembly

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 Bill Status of HB5895  95th General Assembly


Short Description:  MORTGAGE FORECLOSURE CONSULTNT

House Sponsors
Rep. Joe Dunn

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
5 ILCS 80/4.29 new


Synopsis As Introduced
Creates the Mortgage Foreclosure Consultant Licensing Act. Provides for the licensure of mortgage foreclosure consultants with the Department of Financial and Professional Regulation. Sets forth powers and duties of the Department, licensure and written agreement requirements, grounds for discipline, civil and criminal penalties for violation of the Act, and administrative procedure. Includes provisions concerning exemption from the Act. Provides that the Act does not limit the power of a unit of local government from regulating or licensing the practice of mortgage foreclosure consulting in a stricter manner. Amends the Regulatory Sunset Act to set a repeal date of January 1, 2019 for the new Act. Effective immediately.

Actions 
DateChamber Action
  2/15/2008HouseFiled with the Clerk by Rep. Joe Dunn
  2/15/2008HouseFirst Reading
  2/15/2008HouseReferred to Rules Committee
  1/13/2009HouseSession Sine Die

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