<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 521    </title>
<shortdesc>FORECLOSURE PREVENT COUNSELING</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Esther Golar-Kenneth Dunkin</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 3805/7.30 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/5.719 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/6z-80 new</reference><aliasreference></aliasreference><reference>205 ILCS 635/2-2</reference><aliasreference>from Ch. 17, par. 2322-2</aliasreference><SynopsisText>     Amends the Illinois Housing Development Act to authorize the Illinois Housing Authority to establish and administer a foreclosure prevention counseling program using moneys in the Foreclosure Prevention Counseling Fund, appropriated for that purpose, to make grants to HUD-certified housing counseling agencies to support pre-purchase and post-purchase home ownership education and foreclosure prevention counseling. Amends the State Finance Act to create the Foreclosure Prevention Counseling Fund from moneys received from the foreclosure prevention surcharge collected under the Residential Mortgage License Act of 1987. Provides that 75% of the moneys in this Fund shall be used for housing counseling outside Chicago and 25% of the moneys shall be used for such counseling in Chicago. Amends the Residential Mortgage License Act of 1987 to increase the investigation and application fees from $2,700 to $3,000. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Esther Golar</action>
<statusdate>2/4/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/9/2009</statusdate><chamber>House</chamber><action>Assigned to Consumer Protection Committee</action>
<statusdate>2/11/2009</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Kenneth Dunkin</action>
<statusdate>3/13/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

