HB 1478

  • Illinois House Bill
  • 95th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Predatory Home Loan Act

Abstract

Creates the Predatory Home Loan Practices Act. Prohibits various practices and charges in connection with home loans made to persons with respect to their primary residence. Prohibits the imposition of prepayment penalties, flipping of loans, and lender financing of credit insurance. Imposes limitations on high-cost loans. Prohibits loans unless the lender reasonably believes that the borrower is able to make scheduled payments to repay the loan without respect to the borrower's equity in the property. Authorizes a borrower to obtain damages for violations of the Act.

Bill Sponsors (1)

Votes


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Jan 13, 2009

House

Session Sine Die

May 25, 2007

House

Rule 19(a) / Re-referred to Rules Committee

May 18, 2007

House

Recalled to Second Reading - Short Debate

House

Held on Calendar Order of Second Reading - Short Debate

House

House Floor Amendment No. 3 Adopted by Voice Vote

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Final Action Deadline Extended-9(b) May 25, 2007

House

House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 003-000-000

May 15, 2007

House

House Floor Amendment No. 3 Filed with Clerk by Rep. Daniel J. Burke

House

House Floor Amendment No. 3 Referred to Rules Committee

May 10, 2007

House

Third Reading/Final Action Deadline Extended-9(b) May 18, 2007

May 03, 2007

House

Third Reading/Final Action Deadline Extended-9(b) May 10, 2007

May 02, 2007

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

House Floor Amendment No. 2 Adopted by Voice Vote

House

Added Co-Sponsor Rep. Luis Arroyo

House

Second Reading - Short Debate

House

Added Co-Sponsor Rep. Richard T. Bradley

House

House Floor Amendment No. 1 Withdrawn by Rep. Daniel J. Burke

House

Added Co-Sponsor Rep. Maria Antonia Berrios

Apr 30, 2007

House

House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-000-000

Apr 27, 2007

House

Third Reading/Final Action Deadline Extended-9(b) May 3, 2007

Apr 26, 2007

House

House Floor Amendment No. 2 Referred to Rules Committee

House

House Floor Amendment No. 2 Filed with Clerk by Rep. Daniel J. Burke

Apr 25, 2007

House

House Floor Amendment No. 1 Recommends Be Adopted Executive Committee; 013-000-000

House

Added Co-Sponsor Rep. Edward J. Acevedo

House

Added Co-Sponsor Rep. Linda Chapa LaVia

House

Added Co-Sponsor Rep. Monique D. Davis

Apr 19, 2007

House

Added Co-Sponsor Rep. Eddie Washington

House

Remove Chief Co-Sponsor Rep. Esther Golar

House

Added Chief Co-Sponsor Rep. Karen A. Yarbrough

House

Remove Chief Co-Sponsor Rep. Lisa M. Dugan

House

Remove Chief Co-Sponsor Rep. Marlow H. Colvin

House

Removed Co-Sponsor Rep. Karen A. Yarbrough

House

Added Chief Co-Sponsor Rep. Cynthia Soto

House

Added Chief Co-Sponsor Rep. Susana A Mendoza

House

Added Co-Sponsor Rep. Mike Boland

House

Added Co-Sponsor Rep. Marlow H. Colvin

House

Added Co-Sponsor Rep. Lisa M. Dugan

House

Added Co-Sponsor Rep. Esther Golar

House

Added Co-Sponsor Rep. Deborah L. Graham

Apr 18, 2007

House

House Floor Amendment No. 1 Rules Refers to Executive Committee

House

Added Co-Sponsor Rep. Al Riley

Apr 17, 2007

House

House Floor Amendment No. 1 Referred to Rules Committee

House

House Floor Amendment No. 1 Filed with Clerk by Rep. Daniel J. Burke

Mar 29, 2007

House

Added Co-Sponsor Rep. Mary E. Flowers

Mar 28, 2007

House

Added Chief Co-Sponsor Rep. Lisa M. Dugan

House

Added Chief Co-Sponsor Rep. Esther Golar

House

Added Chief Co-Sponsor Rep. Elizabeth Hernandez

House

Chief Co-Sponsor Changed to Rep. Elizabeth Hernandez

House

Chief Co-Sponsor Changed to Rep. Elizabeth Hernandez

House

Added Co-Sponsor Rep. Karen A. Yarbrough

House

Added Chief Co-Sponsor Rep. Marlow H. Colvin

Mar 21, 2007

House

Do Pass / Short Debate Executive Committee; 013-000-000

House

Placed on Calendar 2nd Reading - Short Debate

Feb 27, 2007

House

Assigned to Executive Committee

Feb 21, 2007

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Daniel J. Burke

Bill Text

Bill Text Versions Format
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Related Documents

Document Format
House Amendment 003
House Amendment 002
House Amendment 001

Sources

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