Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

5 ILCS 140/7

from Ch. 116, par. 207

765 ILCS 77/Art. 3 heading

765 ILCS 77/70

765 ILCS 77/72

765 ILCS 77/74

765 ILCS 77/76

Synopsis As Introduced
Amends the Predatory Lending Database Article of the Residential Real Property Disclosure Act. Changes certain references in the Article from "predatory lending database" to "anti-predatory lending database" and from "broker" and "originator" to "licensee". Changes time limits for taking various actions under the Act. Changes the conditions under which a licensee must resubmit information to the Department of Financial and Professional Regulation because of changes in the terms or other aspects of a loan. Provides that the licensee shall electronically transfer to the anti-predatory lending database all disclosure documents provided to the borrower. Makes changes regarding: information a licensee must submit for inclusion in the anti-predatory lending database for each loan for which the licensee takes an application; information a credit counselor must submit for inclusion in the anti-predatory lending database and other duties relating to review of the data entered the anti-predatory lending database by the licensee and comparison of the data to the application information and materials provided by the borrower; and information a title insurance company or closing agent must submit for inclusion in the anti-predatory lending database. Makes other changes. Amends the Freedom of Information Act to make a conforming change. Effective immediately.

Actions 

Date	Chamber	Action
1/26/2006	House	Filed with the Clerk by Rep. Randall M. Hultgren
1/26/2006	House	First Reading
1/26/2006	House	Referred to Rules Committee
1/9/2007	House	Session Sine Die

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