Date	Chamber	Action
7/28/2023	House	Public Act . . . . . . . . . 103-0322

Statutes Amended In Order of Appearance

765 ILCS 910/5

from Ch. 17, par. 4905

765 ILCS 910/7

from Ch. 17, par. 4907

Synopsis As Introduced
Amends the Mortgage Escrow Account Act. Provides that a mortgage lender that complies with the escrow account requirements in Title 12 CFR Part 1026 for a mortgage loan that is a higher-priced mortgage loan is deemed to be in compliance with a provision regarding notification by a mortgage lender to a borrower about terminating or continuing such escrow account. Provides that the borrower shall not have the right to terminate any escrow account arrangement in conjunction with a mortgage loan that is a higher-priced mortgage loan unless the borrower has met all of the conditions for cancellation of an escrow account for a higher-priced mortgage loan in Title 12 CFR Part 1026. Effective immediately.

Actions 

Date	Chamber	Action
2/15/2023	House	Filed with the Clerk by Rep. Edgar Gonzalez, Jr.
2/16/2023	House	First Reading
2/16/2023	House	Referred to Rules Committee
2/28/2023	House	Assigned to Financial Institutions and Licensing Committee
3/7/2023	House	Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000
3/8/2023	House	Placed on Calendar 2nd Reading - Short Debate
3/15/2023	House	Second Reading - Short Debate
3/15/2023	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/23/2023	House	Third Reading - Short Debate - Passed 108-000-000
3/27/2023	Senate	Arrive in Senate
3/27/2023	Senate	Placed on Calendar Order of First Reading
3/27/2023	Senate	Chief Senate Sponsor Sen. Ram Villivalam
3/27/2023	Senate	First Reading
3/27/2023	Senate	Referred to Assignments
4/18/2023	Senate	Assigned to Financial Institutions
4/26/2023	Senate	Do Pass Financial Institutions; 007-000-000
4/26/2023	Senate	Placed on Calendar Order of 2nd Reading April 27, 2023
4/27/2023	Senate	Second Reading
4/27/2023	Senate	Placed on Calendar Order of 3rd Reading May 2, 2023
4/28/2023	Senate	Added as Alternate Chief Co-Sponsor Sen. Jason Plummer
5/4/2023	Senate	Added as Alternate Co-Sponsor Sen. Michael E. Hastings
5/5/2023	Senate	Placed on Calendar Order of 3rd Reading ** May 8, 2023
5/11/2023	Senate	Third Reading - Passed; 056-000-000
5/11/2023	House	Passed Both Houses
6/9/2023	House	Sent to the Governor
7/28/2023	House	Governor Approved
7/28/2023	House	Effective Date July 28, 2023
7/28/2023	House	Public Act . . . . . . . . . 103-0322

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