Terry Link
- 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.
Public Act . . . . . . . . . 96-0854
Effective Date December 31, 2009
Governor Approved
Sent to the Governor
House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 012-000-000
Passed Both Houses
House Floor Amendment No. 1 Senate Concurs 059-000-000
House Floor Amendment No. 1 Motion to Concur Assignments Referred to Executive
Land Conveyance Appraisal Note Requested - Withdrawn by Rep. Eddie Washington
Housing Affordability Impact Note Requested - Withdrawn by Rep. Eddie Washington
Home Rule Note Requested - Withdrawn by Rep. Eddie Washington
Fiscal Note Requested - Withdrawn by Rep. Eddie Washington
Alternate Chief Co-Sponsor Changed to Rep. Eddie Washington
Added Alternate Chief Co-Sponsor Rep. Eddie Washington
Added Alternate Co-Sponsor Rep. Elizabeth Hernandez
Added Alternate Co-Sponsor Rep. Cynthia Soto
Added Alternate Co-Sponsor Rep. Edward J. Acevedo
House Floor Amendment No. 1 Motion to Concur Referred to Assignments
House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Terry Link
Placed on Calendar Order of Concurrence House Amendment(s) 1 - October 30, 2009
Secretary's Desk - Concurrence House Amendment(s) 1
Third Reading - Short Debate - Passed 116-000-000
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 1 Adopted by Voice Vote
House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions Committee; 022-000-000
House Floor Amendment No. 1 Rules Refers to Financial Institutions Committee
House Floor Amendment No. 1 Filed with Clerk by Rep. Angelo Saviano
House Floor Amendment No. 1 Referred to Rules Committee
Added Alternate Chief Co-Sponsor Rep. Joseph M. Lyons
Final Action Deadline Extended-9(b) November 30, 2009
Final Action Deadline Extended-9(b) May 31, 2009
Land Conveyance Appraisal Note Requested by Rep. Eddie Washington
Fiscal Note Requested by Rep. Eddie Washington
Housing Affordability Impact Note Requested by Rep. Eddie Washington
Home Rule Note Requested by Rep. Eddie Washington
Final Action Deadline Extended-9(b) May 29, 2009
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Do Pass / Short Debate Financial Institutions Committee; 018-000-003
Placed on Calendar 2nd Reading - Short Debate
Assigned to Financial Institutions Committee
First Reading
Referred to Rules Committee
Chief House Sponsor Rep. Angelo Saviano
Placed on Calendar Order of First Reading
Arrived in House
Third Reading - Passed; 055-000-002
Second Reading
Placed on Calendar Order of 3rd Reading April 1, 2009
Do Pass Financial Institutions; 011-000-000
Placed on Calendar Order of 2nd Reading March 17, 2009
Held in Financial Institutions
Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
Postponed - Financial Institutions
Assigned to Financial Institutions
First Reading
Filed with Secretary by Sen. Terry Link
Referred to Assignments
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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