MENDOZA-MULLIGAN-COULSON-KRAUSE-BELLOCK, LYONS,EILEEN, O'BRIEN, CURRY,JULIE, FRANKS, DART, SCOTT, ACEVEDO, TURNER,JOHN AND OSTERMAN. (LIGHTFORD-HENDON) 205 ILCS 5/6.2 new 205 ILCS 105/1-6e new 205 ILCS 205/1010 new 205 ILCS 305/46.2 new 205 ILCS 635/5-5 new Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, the Illinois Credit Union Act, and the Residential Mortgage License Act of 1987. Provides that when making a reverse mortgage loan, the lender or broker must inform the mortgagor that by obtaining the reverse mortgage loan the mortgagor's eligibility to obtain a tax deferral under the Senior Citizens Real Estate Tax Deferral Act may be adversely affected. Effective immediately. FEB-28-2001 H FILED WITH CLERK FEB-28-2001 H FIRST READING FEB-28-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES MAR-01-2001 H ASSIGNED TO COMMITTEE FIN INSTIT MAR-14-2001 H DO PASS/SHORT DEBATE 020-000-000 HFIN MAR-14-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-14-2001 H ADDED AS A JOINT SPONSOR KRAUSE MAR-14-2001 H ADDED AS A JOINT SPONSOR COULSON MAR-14-2001 H ADDED AS A JOINT SPONSOR BELLOCK MAR-14-2001 H ADDED AS A JOINT SPONSOR LYONS,EILEEN MAR-20-2001 H SECOND READING-SHORT DEBATE MAR-20-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE APR-05-2001 H PRIMARY SPONSOR CHANGED TO MENDOZA APR-05-2001 H JOINT-SPONSOR CHANGED TO MULLIGAN APR-05-2001 H ADDED AS A CO-SPONSOR LYONS,EILEEN APR-05-2001 H ADDED AS A CO-SPONSOR LANG APR-05-2001 H ADDED AS A CO-SPONSOR O'BRIEN APR-05-2001 H ADDED AS A CO-SPONSOR CURRY,JULIE APR-05-2001 H ADDED AS A CO-SPONSOR FRANKS APR-05-2001 H ADDED AS A CO-SPONSOR DART APR-05-2001 H ADDED AS A CO-SPONSOR SCOTT APR-05-2001 H ADDED AS A CO-SPONSOR ACEVEDO APR-05-2001 H ADDED AS A CO-SPONSOR CROTTY APR-05-2001 H ADDED AS A CO-SPONSOR TURNER,JOHN APR-06-2001 H THIRD READING/SHORT DEBATE/PASSED 115-000-000 APR-06-2001 H ADDED AS A CO-SPONSOR OSTERMAN APR-10-2001 S ARRIVE IN SENATE APR-10-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-04-17 NOV-15-2001 S CHIEF SPONSOR LIGHTFORD NOV-15-2001 S ADDED AS A CHIEF CO-SPONSOR HENDON NOV-15-2001 S FIRST READING NOV-15-2001 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary