Illinois General Assembly - Bill Status for SB3077

Synopsis As Introduced
Amends the Mortgage Insurance Limitation and Notification Act. Prohibits a lender from requiring a borrower, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the real property. Requires the lender to disclose to the borrower, in writing, that the borrower is not required to have hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the real property. Effective immediately.

House Committee Amendment No. 1
Deletes everything after the enacting clause. Reinserts the text of the original bill, except removes the requirement that the lender's disclosure to the borrower be in writing.

Actions

Date	Chamber	Action
2/6/2004	Senate	Filed with Secretary by Sen. Bill Brady
2/6/2004	Senate	First Reading
2/6/2004	Senate	Referred to Rules
2/18/2004	Senate	Assigned to Insurance & Pensions
2/24/2004	Senate	Do Pass Insurance & Pensions; 009-000-000
2/24/2004	Senate	Placed on Calendar Order of 2nd Reading February 25, 2004
2/25/2004	Senate	Second Reading
2/25/2004	Senate	Placed on Calendar Order of 3rd Reading February 26, 2004
3/23/2004	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Bill Brady
3/23/2004	Senate	Senate Floor Amendment No. 1 Referred to Rules
3/26/2004	Senate	Third Reading - Passed; 056-000-000
3/26/2004	Senate	Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
3/26/2004	House	Arrived in House
3/26/2004	House	Placed on Calendar Order of First Reading
3/30/2004	House	Chief House Sponsor Rep. Carole Pankau
3/30/2004	House	First Reading
3/30/2004	House	Referred to Rules Committee
5/11/2004	House	Assigned to Consumer Protection Committee
5/14/2004	House	Committee/3rd Reading Deadline Extended-Rule 9(b) May 31, 2004
5/18/2004	House	House Committee Amendment No. 1 Filed with Clerk by Consumer Protection Committee
5/18/2004	House	House Committee Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote
5/18/2004	House	Do Pass as Amended / Short Debate Consumer Protection Committee; 008-000-000
5/18/2004	House	Placed on Calendar 2nd Reading - Short Debate
5/18/2004	House	Added Alternate Chief Co-Sponsor Rep. Eddie Washington
5/18/2004	House	Added Alternate Chief Co-Sponsor Rep. Sandra M. Pihos
5/20/2004	House	Second Reading - Short Debate
5/20/2004	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/26/2004	House	Third Reading - Short Debate - Passed 115-000-000
5/26/2004	House	Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
5/26/2004	House	Added Alternate Chief Co-Sponsor Rep. Renee Kosel
5/26/2004	Senate	Secretary's Desk - Concurrence House Amendment(s) 01
5/26/2004	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 01 - May 27, 2004.
5/28/2004	Senate	House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Bill Brady
5/28/2004	Senate	House Committee Amendment No. 1 Motion to Concur Referred to Rules
5/28/2004	Senate	House Committee Amendment No. 1 Motion to Concur Rules Referred to Insurance & Pensions
5/29/2004	Senate	House Committee Amendment No. 1 Motion to Concur Be Adopted Insurance & Pensions; 010-000-000
5/29/2004	Senate	House Committee Amendment No. 1 Senate Concurs 046-000-000
5/29/2004	Senate	Passed Both Houses
6/25/2004	Senate	Sent to the Governor
8/24/2004	Senate	Governor Approved
8/24/2004	Senate	Effective Date August 24, 2004
8/24/2004	Senate	Public Act . . . . . . . . . 93-1021

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