SB 497

  • Illinois Senate Bill
  • 93rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Abusive Home Loan Practice Act

Abstract

Creates the Abusive Home Loan Practice Act. Provides that a creditor making a home loan may not finance any credit life, credit disability, credit property, or credit unemployment insurance policy, any other life or health insurance premiums, or any payments for any debt cancellation or suspension agreement or contract. Limits the fees a creditor making a home loan may impose. Places additional restrictions on creditors that make high-cost home loans. Provides penalties for violations of the Act. Provides that the provisions of the Act are severable.

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Jan 11, 2005

Senate

Session Sine Die

Mar 14, 2003

Senate

Rule 3-9(a) / Re-referred to Rules

Mar 05, 2003

Senate

Postponed - Judiciary

Senate

Re-referred to Rules

Senate

Re-assigned to Financial Institutions

Feb 27, 2003

Senate

Postponed - Judiciary

Feb 19, 2003

Senate

Assigned to Judiciary

Feb 18, 2003

Senate

Filed with Secretary by Sen. Debbie DeFrancesco Halvorson

Senate

Referred to Rules

Senate

First Reading

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