A. J. Wilhelmi
- Democratic
Primary
Amends the Conveyances Act. Provides that every mortgage securing residential real estate shall have attached a rider, certified by the mortgage lender, that states the name of each participant in the origination of the mortgage, the participant's applicable license or registration number, if any, and the participant's function by using these function categories: mortgage origination company; loan officer; appraiser; real estate broker for the seller; real estate broker for the buyer; lender funding the mortgage; and title insurance company. Provides that a mortgage on residential real estate that is subject to the Illinois predatory lending database pilot program must have attached to it a certificate of compliance or a certificate of exemption issued pursuant to that program.
No votes to display
Session Sine Die
Rule 3-9(a) / Re-referred to Rules
Assigned to Financial Institutions
Filed with Secretary by Sen. A. J. Wilhelmi
First Reading
Referred to Rules
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