Date	Chamber	Action
7/1/2005	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules

Statutes Amended In Order of Appearance

815 ILCS 120/2

from Ch. 17, par. 852

815 ILCS 137/10

Synopsis As Introduced
Amends the Illinois Fairness in Lending Act. Provides that "equity stripping" and "loan flipping" shall only include loans that qualify as high risk home loans. Amends the High Risk Home Loan Act. Provides that "points and fees" does not include: (i) fees paid to the Veterans Administration required by law; (ii) fees paid to the Federal Housing Administration required by law; (iii) fees paid for private mortgage insurance; or (iv) all fees paid to a mortgage broker by a lender if the loan is less than $50,000, or 50% of fees paid to a mortgage broker by a lender if the loan is between $50,000 and $100,000.

Actions 

Date	Chamber	Action
2/3/2005	Senate	Filed with Secretary by Sen. William R. Haine
2/3/2005	Senate	First Reading
2/3/2005	Senate	Referred to Rules
2/17/2005	Senate	Assigned to Financial Institutions
2/23/2005	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
2/23/2005	Senate	Senate Committee Amendment No. 1 Referred to Rules
2/24/2005	Senate	Postponed - Financial Institutions
3/8/2005	Senate	Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
3/10/2005	Senate	Postponed - Financial Institutions
3/16/2005	Senate	Senate Committee Amendment No. 2 Filed with Secretary by Sen. William R. Haine
3/16/2005	Senate	Senate Committee Amendment No. 2 Referred to Rules
3/17/2005	Senate	Senate Committee Amendment No. 1 Postponed - Financial Institutions
3/17/2005	Senate	Do Pass Financial Institutions; 008-000-000
3/17/2005	Senate	Placed on Calendar Order of 2nd Reading April 6, 2005
3/18/2005	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules
4/11/2005	Senate	Senate Floor Amendment No. 3 Filed with Secretary by Sen. William R. Haine
4/11/2005	Senate	Senate Floor Amendment No. 3 Referred to Rules
4/13/2005	Senate	Second Reading
4/13/2005	Senate	Placed on Calendar Order of 3rd Reading April 14, 2005
4/15/2005	Senate	Rule 2-10 Third Reading Deadline Extended to May 31, 2005
5/31/2005	Senate	Rule 2-10 Third Reading Deadline Extended to December 31, 2005
7/1/2005	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
11/4/2005	Senate	Rule 2-10 Third Reading Deadline Extended to January 9, 2007

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