Illinois General Assembly - Bill Status for HB2717
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 Bill Status of HB2717  103rd General Assembly


House Sponsors
Rep. Edgar Gonzalez, Jr.

Senate Sponsors
(Sen. Ram Villivalam - Jason Plummer and Michael E. Hastings)

Last Action
DateChamber Action
  7/28/2023HousePublic Act . . . . . . . . . 103-0322

Statutes Amended In Order of Appearance
765 ILCS 910/5from Ch. 17, par. 4905
765 ILCS 910/7from Ch. 17, par. 4907

Synopsis As Introduced
Amends the Mortgage Escrow Account Act. Provides that a mortgage lender that complies with the escrow account requirements in Title 12 CFR Part 1026 for a mortgage loan that is a higher-priced mortgage loan is deemed to be in compliance with a provision regarding notification by a mortgage lender to a borrower about terminating or continuing such escrow account. Provides that the borrower shall not have the right to terminate any escrow account arrangement in conjunction with a mortgage loan that is a higher-priced mortgage loan unless the borrower has met all of the conditions for cancellation of an escrow account for a higher-priced mortgage loan in Title 12 CFR Part 1026. Effective immediately.

DateChamber Action
  2/15/2023HouseFiled with the Clerk by Rep. Edgar Gonzalez, Jr.
  2/16/2023HouseFirst Reading
  2/16/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Financial Institutions and Licensing Committee
  3/7/2023HouseDo Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000
  3/8/2023HousePlaced on Calendar 2nd Reading - Short Debate
  3/15/2023HouseSecond Reading - Short Debate
  3/15/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/23/2023HouseThird Reading - Short Debate - Passed 108-000-000
  3/27/2023SenateArrive in Senate
  3/27/2023SenatePlaced on Calendar Order of First Reading
  3/27/2023SenateChief Senate Sponsor Sen. Ram Villivalam
  3/27/2023SenateFirst Reading
  3/27/2023SenateReferred to Assignments
  4/18/2023SenateAssigned to Financial Institutions
  4/26/2023SenateDo Pass Financial Institutions; 007-000-000
  4/26/2023SenatePlaced on Calendar Order of 2nd Reading April 27, 2023
  4/27/2023SenateSecond Reading
  4/27/2023SenatePlaced on Calendar Order of 3rd Reading May 2, 2023
  4/28/2023SenateAdded as Alternate Chief Co-Sponsor Sen. Jason Plummer
  5/4/2023SenateAdded as Alternate Co-Sponsor Sen. Michael E. Hastings
  5/5/2023SenatePlaced on Calendar Order of 3rd Reading ** May 8, 2023
  5/11/2023SenateThird Reading - Passed; 056-000-000
  5/11/2023HousePassed Both Houses
  6/9/2023HouseSent to the Governor
  7/28/2023HouseGovernor Approved
  7/28/2023HouseEffective Date July 28, 2023
  7/28/2023HousePublic Act . . . . . . . . . 103-0322

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