Illinois General Assembly - Bill Status for SB0253
Illinois General Assembly
  Home     Legislation & Laws     Senate     House     My Legislation     Site Map    

Previous General Assemblies

 Bill Status of SB0253  102nd General Assembly

Short Description:  CONVEY-PRED LENDING-MTGE RIDER

Senate Sponsors
Sen. Terry Link - Jacqueline Y. Collins

House Sponsors
(Rep. Angelo Saviano - Eddie Washington - Joseph M. Lyons, Cynthia Soto, Edward J. Acevedo and Elizabeth Hernandez)

Last Action
DateChamber Action
  12/31/2009SenatePublic Act . . . . . . . . . 96-0854

Statutes Amended In Order of Appearance
765 ILCS 5/11from Ch. 30, par. 10


Synopsis As Introduced
Amends the Conveyances Act. Provides that every mortgage securing residential real estate shall have attached a rider, certified by the mortgage lender, that states the name of each participant in the origination of the mortgage, the participant's applicable license or registration number, if any, and the participant's function by using these function categories: mortgage origination company; loan officer; appraiser; real estate broker for the seller, real estate broker for the buyer, lender funding the mortgage; and title insurance company. Provides that a mortgage on residential real estate that is subject to the Illinois predatory lending database pilot program must have attached to it a certificate of compliance or a certificate of exemption issued pursuant to that program.

House Floor Amendment No. 1
Deletes reference to:
765 ILCS 5/11
Adds reference to:
765 ILCS 910/6.5 new

Replaces everything after the enacting clause. Amends the Mortgage Escrow Account Act. Defines "homeownership preservation program" and "subprime mortgage lender" for purposes of new provisions. Provides that the existing provisions which allow a borrower to pledge an interest bearing time deposit with a mortgage lender to secure the payment of anticipated taxes do not apply to a mortgage loan made by a subprime mortgage lender or to a refinance or modification made under a homeownership preservation program, subject to specified conditions. Effective immediately.

Actions 
DateChamber Action
  2/4/2009SenateFiled with Secretary by Sen. Terry Link
  2/4/2009SenateFirst Reading
  2/4/2009SenateReferred to Assignments
  2/10/2009SenateAssigned to Financial Institutions
  2/27/2009SenatePostponed - Financial Institutions
  3/5/2009SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/6/2009SenateHeld in Financial Institutions
  3/12/2009SenateDo Pass Financial Institutions; 011-000-000
  3/12/2009SenatePlaced on Calendar Order of 2nd Reading March 17, 2009
  3/31/2009SenateSecond Reading
  3/31/2009SenatePlaced on Calendar Order of 3rd Reading April 1, 2009
  4/2/2009SenateThird Reading - Passed; 055-000-002
  4/2/2009HouseArrived in House
  4/2/2009HousePlaced on Calendar Order of First Reading
  4/2/2009HouseChief House Sponsor Rep. Angelo Saviano
  4/2/2009HouseFirst Reading
  4/2/2009HouseReferred to Rules Committee
  4/14/2009HouseAssigned to Financial Institutions Committee
  5/5/2009HouseDo Pass / Short Debate Financial Institutions Committee; 018-000-003
  5/5/2009HousePlaced on Calendar 2nd Reading - Short Debate
  5/19/2009HouseSecond Reading - Short Debate
  5/19/2009HouseHeld on Calendar Order of Second Reading - Short Debate
  5/22/2009HouseFinal Action Deadline Extended-9(b) May 29, 2009
  5/29/2009HouseFiscal Note Requested by Rep. Eddie Washington
  5/29/2009HouseHome Rule Note Requested by Rep. Eddie Washington
  5/29/2009HouseHousing Affordability Impact Note Requested by Rep. Eddie Washington
  5/29/2009HouseLand Conveyance Appraisal Note Requested by Rep. Eddie Washington
  5/29/2009HouseFinal Action Deadline Extended-9(b) May 31, 2009
  5/31/2009HouseFinal Action Deadline Extended-9(b) November 30, 2009
  10/16/2009HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Angelo Saviano
  10/16/2009HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  10/16/2009HouseAdded Alternate Chief Co-Sponsor Rep. Joseph M. Lyons
  10/27/2009HouseHouse Floor Amendment No. 1 Rules Refers to Financial Institutions Committee
  10/28/2009HouseHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions Committee; 022-000-000
  10/29/2009HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto
  10/29/2009HouseAdded Alternate Co-Sponsor Rep. Edward J. Acevedo
  10/29/2009HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez
  10/29/2009HouseAdded Alternate Chief Co-Sponsor Rep. Eddie Washington
  10/29/2009HouseAlternate Chief Co-Sponsor Changed to Rep. Eddie Washington
  10/29/2009HouseFiscal Note Requested - Withdrawn by Rep. Eddie Washington
  10/29/2009HouseHome Rule Note Requested - Withdrawn by Rep. Eddie Washington
  10/29/2009HouseHousing Affordability Impact Note Requested - Withdrawn by Rep. Eddie Washington
  10/29/2009HouseLand Conveyance Appraisal Note Requested - Withdrawn by Rep. Eddie Washington
  10/29/2009HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
  10/29/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate
  10/29/2009HouseThird Reading - Short Debate - Passed 116-000-000
  10/29/2009SenateSecretary's Desk - Concurrence House Amendment(s) 1
  10/29/2009SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - October 30, 2009
  10/29/2009SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Terry Link
  10/29/2009SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
  10/30/2009SenateHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to Executive
  10/30/2009SenateHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 012-000-000
  10/30/2009SenateHouse Floor Amendment No. 1 Senate Concurs 059-000-000
  10/30/2009SenatePassed Both Houses
  11/13/2009SenateSent to the Governor
  12/31/2009SenateGovernor Approved
  12/31/2009SenateEffective Date December 31, 2009
  12/31/2009SenatePublic Act . . . . . . . . . 96-0854

Back To Top

Home | Legislation & Laws | House | Senate | My Legislation | Disclaimers | Email

  Legislative Information System logo This site is maintained for the Illinois General Assembly by the
Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706
Contact ILGA Webmaster