Date	Chamber	Action
1/13/2009	House	Session Sine Die

Statutes Amended In Order of Appearance

P.A. 95-691, Sec. 999 new

Synopsis As Introduced
Amends Public Act 95-691 (concerning home equity assurance and foreclosure prevention) to provide that it takes effect upon the effective date of this amendatory Act. This amendatory Act is effective immediately.

House Amendment No. 1

	Adds reference to:
	15 ILCS 520/7	from Ch. 130, par. 26

Amends the Deposit of State Moneys Act. Authorizes the State Treasurer to accept a proposal from an eligible institution that provides for interest earnings on deposits of State moneys to be held by the institution in a separate account that the State Treasurer may use to secure up to 10% of any existing home loans of Illinois citizens who are at risk of losing their homes if they experience a financial hardship (now, who have failed to make payments on a home loan as a result of a financial hardship) due to circumstances beyond their control where there is a reasonable prospect that they will be able to resume or continue full mortgage payments. In the definition of "home loan", provides that the principal amount of the loan may not exceed 50% of the conforming loan size limit (now, 50% of the conforming loan size limit for a single-family dwelling), as established from time to time by the Federal National Mortgage Association. Effective immediately.

Actions 

Date	Chamber	Action
11/30/2007	House	Filed with the Clerk by Rep. Michael J. Madigan
11/30/2007	House	First Reading
11/30/2007	House	Referred to Rules Committee
12/4/2007	House	Final Action Deadline Extended-9(b) January 10, 2008
12/4/2007	House	Assigned to Executive Committee
12/11/2007	House	Added Chief Co-Sponsor Rep. Karen A. Yarbrough
1/9/2008	House	Added Co-Sponsor Rep. Mary E. Flowers
1/9/2008	House	House Amendment No. 1 Filed with Clerk by Executive Committee
1/9/2008	House	House Amendment No. 1 Adopted in Executive Committee; by Voice Vote
1/9/2008	House	Do Pass as Amended / Short Debate Executive Committee; 012-000-000
1/9/2008	House	Placed on Calendar 2nd Reading - Short Debate
1/9/2008	House	Second Reading - Short Debate
1/9/2008	House	Placed on Calendar Order of 3rd Reading - Short Debate
1/10/2008	House	Added Chief Co-Sponsor Rep. Deborah L. Graham
1/10/2008	House	Added Chief Co-Sponsor Rep. Elga L. Jefferies
1/10/2008	House	Added Chief Co-Sponsor Rep. Annazette Collins
1/10/2008	House	Added Co-Sponsor Rep. LaShawn K. Ford
1/10/2008	House	Added Co-Sponsor Rep. Mike Boland
1/10/2008	House	Added Co-Sponsor Rep. Ed Sullivan, Jr.
1/10/2008	House	Added Co-Sponsor Rep. William B. Black
1/10/2008	House	Added Co-Sponsor Rep. Milton Patterson
1/10/2008	House	Added Co-Sponsor Rep. William Davis
1/10/2008	House	Added Co-Sponsor Rep. Richard T. Bradley
1/10/2008	House	Third Reading - Short Debate - Passed 111-002-002
2/14/2008	Senate	Arrive in Senate
2/14/2008	Senate	Placed on Calendar Order of First Reading February 20, 2008
2/14/2008	Senate	Chief Senate Sponsor Sen. Jacqueline Y. Collins
2/20/2008	Senate	First Reading
2/20/2008	Senate	Referred to Rules
4/17/2008	Senate	Assigned to Financial Institutions
5/1/2008	Senate	Do Pass Financial Institutions; 005-000-000
5/1/2008	Senate	Placed on Calendar Order of 2nd Reading May 7, 2008
5/1/2008	Senate	Added as Alternate Chief Co-Sponsor Sen. Dan Kotowski
5/7/2008	Senate	Second Reading
5/7/2008	Senate	Placed on Calendar Order of 3rd Reading May 8, 2008
5/23/2008	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2008
5/31/2008	Senate	Rule 2-10 Third Reading Deadline Established As January 13, 2009
7/1/2008	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/13/2009	House	Session Sine Die

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