Bill Status of SB 2566   95th General Assembly


Short Description:  IHDA-FORECLOSURE COUNSELING

Senate Sponsors
Sen. Jacqueline Y. Collins-Kwame Raoul-Kimberly A. Lightford and Martin A. Sandoval

House Sponsors
(Rep. Kevin Joyce-Esther Golar-Marlow H. Colvin-Karen A. Yarbrough-Deborah L. Graham)


Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3805/7.30 new
30 ILCS 105/5.708 new
30 ILCS 105/6z-80 new
205 ILCS 635/2-2from Ch. 17, par. 2322-2

Synopsis As Introduced
Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall establish and administer a foreclosure prevention counseling program and shall use moneys in the Foreclosure Prevention Counseling Fund and funds appropriated for that purpose to make grants to HUD-certified counseling agencies for home-ownership education and foreclosure prevention counseling. Amends the State Finance Act. Creates the Foreclosure Prevention Counseling Fund and provides for allocation of moneys in the Fund. Provides for the payment of license fees of $3,700 annually, including the foreclosure prevention surcharge (instead of $2,700 annually). Amends the Residential Mortgage License Act of 1987. Provides that an application for a license or a license renewal on or after July 1, 2008, shall include payment of a foreclosure prevention surcharge of $1,000. Provides that the surcharge proceeds shall be deposited into the Foreclosure Prevention Counseling Fund. Effective immediately.

Senate Committee Amendment No. 1
Further amends the Illinois Housing Development Act. Provides that the investigation and application fees for a residential mortgage license shall be $3,200 (instead of $3,700). Provides that the foreclosure prevention surcharge for the license application or renewal is $500 (instead of $1,000).

House Amendment No. 1
Deletes reference to:
205 ILCS 635/2-2

Replaces everything after the enacting clause with provisions that are substantially similar except for the following: (1) Further amends the Illinois Housing Development Act and the State Finance Act by providing that neither the Governor nor any agency or agency head under the jurisdiction of the Governor has any rulemaking authority under this amendatory Act, but that the Governor may suggest rules by filing them with the General Assembly and requesting that the General Assembly authorize such rulemaking by law, enact the suggested rules into law, or take other appropriate action in the General Assembly's discretion. (2) The Section creating the foreclosure prevention counseling program is repealed 3 years after the effective date of this amendatory Act. (3) The Foreclosure Prevention Counseling Fund shall consist of all moneys deposited, transferred, or appropriated into the Fund from any legal source. (4) Provides that subject to appropriations, the Authority shall use the moneys in the Fund in the following manner: (a) 75% of the moneys in the Fund, subject to appropriation, shall be used to make grants to HUD-certified housing counseling agencies that provide services outside Chicago, provided that the grants shall be based upon the number of foreclosures filed in a counseling agency's service area, the capacity of a counseling agency to provide foreclosure counseling services, and any other appropriate facts; and (b) the remaining moneys shall be distributed to the City of Chicago to provide, through the City's programs, grants to HUD-certified housing counseling agencies in Chicago for pre-purchase and post-purchase home-ownership education and foreclosure prevention counseling. (5) Provides that notwithstanding any other law, the Fund is not subject to sweeps, administrative charges or charge-backs, or any other fiscal or budgetary maneuver that would in any way transfer any funds from the Fund into any other fund of the State. (6) Provides that the Section concerning the grants is repealed 3 years after the effective date of this amendatory Act. Effective immediately.

Actions 
DateChamber Action
  2/15/2008SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/15/2008SenateFirst Reading
  2/15/2008SenateReferred to Rules
  2/28/2008SenateAssigned to Housing and Community Affairs
  3/5/2008SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
  3/5/2008SenateSenate Committee Amendment No. 1 Referred to Rules
  3/5/2008SenateSenate Committee Amendment No. 1 Rules Refers to Housing and Community Affairs
  3/5/2008SenateSenate Committee Amendment No. 1 Adopted
  3/6/2008SenateHeld in Housing and Community Affairs
  3/13/2008SenateDo Pass as Amended Housing and Community Affairs; 006-001-000
  3/13/2008SenatePlaced on Calendar Order of 2nd Reading April 1, 2008
  4/1/2008SenateSecond Reading
  4/1/2008SenatePlaced on Calendar Order of 3rd Reading April 2, 2008
  4/3/2008SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul
  4/3/2008SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  4/3/2008SenateThird Reading - Passed; 033-021-001
  4/4/2008HouseArrived in House
  4/4/2008HousePlaced on Calendar Order of First Reading
  4/4/2008HouseChief House Sponsor Rep. Kevin Joyce
  4/7/2008HouseFirst Reading
  4/7/2008HouseReferred to Rules Committee
  4/23/2008SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  5/1/2008HouseAssigned to Housing and Urban Development Committee
  5/9/2008HouseCommittee Deadline Extended-Rule 9(b) May 23, 2008
  5/23/2008HouseFinal Action Deadline Extended-9(b) May 31, 2008
  5/28/2008HouseHouse Amendment No. 1 Filed with Clerk by Housing and Urban Development Committee
  5/28/2008HouseHouse Amendment No. 1 Adopted in Housing and Urban Development Committee; by Voice Vote
  5/28/2008HouseDo Pass as Amended / Short Debate Housing and Urban Development Committee; 007-000-000
  5/28/2008HousePlaced on Calendar 2nd Reading - Short Debate
  5/28/2008HouseSecond Reading - Short Debate
  5/28/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/28/2008HouseAdded Alternate Chief Co-Sponsor Rep. Esther Golar
  5/30/2008HouseAdded Alternate Chief Co-Sponsor Rep. Marlow H. Colvin
  5/30/2008HouseAdded Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
  5/30/2008HouseAdded Alternate Chief Co-Sponsor Rep. Deborah L. Graham
  5/30/2008HouseThird Reading - Short Debate - Passed 114-000-000
  5/30/2008SenateSecretary's Desk - Concurrence House Amendment(s) 01
  5/30/2008SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01-May 31, 2008
  5/30/2008SenateHouse Amendment No. 1 Motion to Non-Concur Filed with Secretary Sen. Jacqueline Y. Collins
  7/1/2008SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  1/13/2009SenateSession Sine Die

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