Bill Status of HB0521  96th General Assembly

Short Description:  FORECLOSURE PREVENT COUNSELING

House Sponsors
Rep. Esther Golar - Kenneth Dunkin

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3805/7.30 new
30 ILCS 105/5.719 new
30 ILCS 105/6z-80 new
205 ILCS 635/2-2from Ch. 17, par. 2322-2


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/4/2009HouseFiled with the Clerk by Rep. Esther Golar
  2/4/2009HouseFirst Reading
  2/4/2009HouseReferred to Rules Committee
  2/9/2009HouseAssigned to Consumer Protection Committee
  2/11/2009HouseAdded Chief Co-Sponsor Rep. Kenneth Dunkin
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die