92nd General Assembly
Status of HB4939
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   765 ILCS 5/11.1 new                                                         

        Amends the Conveyances Act. Provides that every mortgage or  deed      
   of  trust  in  the  nature  of  mortgage  relating to the financing of      
   residential real  estate  must  include  the  name  of  the  financial      
   institution  providing  the  financing and the loan officer who signed      
   the document, the name of the residential mortgage licensee  receiving      
   compensation  relating  to  the  financing  and  the  name of the loan      
   originator who signed the mortgage loan application, and the  name  of      
   the  real  estate  appraiser  who  provided the appraisal on which the      
   financing was based. Provides that the county recorder may not  record      
   a  mortgage if the required information is not provided. Provides that      
   failure to comply with the new requirements does  not  invalidate  the      
   recording  of  the  mortgage or trust deed or impair the rights of the      
   mortgagee or beneficiary of the trust deed.                                 
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes  everything.   Amends  the  Conveyances  Act.    Adds   a      
   provision  regarding  recording  of  liens on residential real estate.      
   Contains only a caption.                                                    
   FEB-05-2002  H  FILED WITH CLERK                                               
   FEB-05-2002  H  FIRST READING                                                  
   FEB-05-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-06-2002  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   FEB-21-2002  H                             AMENDMENT NO. 01-FIN INSTIT    H    
   FEB-21-2002  H                                   ADOPTED                       
   FEB-21-2002  H  DO PASS AMENDED/SHORT DEBATE             017-000-000   HFIN    
   FEB-21-2002  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-22-2002  H  SECOND READING-SHORT DEBATE                                    
   MAR-22-2002  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   APR-05-2002  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary