CULLERTON. (BUGIELSKI) 815 ILCS 205/4.1a from Ch. 17, par. 6406 Amends the Interest Act. Provides that it is lawful to impose upon a borrower a cancellation fee not exceeding $500 if the borrower cancels a home equity line of credit. FISCAL NOTE (Office of Banks & Real Estate) There will be no fiscal impact. STATE MANDATES FISCAL NOTE Fails to create a State mandate. HOUSING AFFORDABILITY IMPACT NOTE No direct impact on the cost of a single-family residence. 98-02-17 S FIRST READING 98-02-17 S REFERRED TO SENATE RULES COMMITTEE RULES 98-02-25 S ASSIGNED TO COMMITTEE FIN INST 98-03-05 S DO PASS 007-000-000 SFIC 98-03-05 S PLACED ON CALENDAR ORDER OF 2ND READING 98-03-10 98-03-10 S SECOND READING 98-03-10 S PLACED ON CALENDAR ORDER OF 3RD READING 98-03-11 98-04-01 S THIRD READING - PASSED 056-000-002 98-04-01 H ARRIVE IN HOUSE 98-04-01 H PLACED CALENDAR ORDER OF FIRST READING 98-04-02 H HOUSE SPONSOR BUGIELSKI 98-04-02 H FIRST READING 98-04-02 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-04-14 H ASSIGNED TO COMMITTEE FIN INSTIT 98-04-22 H DO PASS/SHORT DEBATE 023-000-000 HFIN 98-04-22 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-04-23 H FISCAL NOTE FILED 98-04-23 H CALENDAR ORDER 2ND READING-SHORT DEBATE 98-04-28 H STATE MANDATES FISCAL NOTE FILED 98-04-28 H HOUSING AFORDABILITY IMPCT NOTE FILED 98-04-28 H SECOND READING-SHORT DEBATE 98-04-28 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-05-06 H 3RD READING-PASSED 98-05-06 H /082-026-008 98-05-06 H MOTION FILED TO RECONSIDER VOTE HASSERT 98-05-06 H MOTION TO RECONSIDER VOTE - PREVAILS 068-047-001 98-05-06 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-05-06 H THIRD READING/SHORT DEBATE/LOST 054-051-013 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary