Illinois General Assembly - Bill Status for HB3864

Illinois General Assembly - Bill Status for HB3864

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Bill Status of HB3864 96th General Assembly

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Short Description: RMLA-MORTGAGE SUMMARY-TERMS

House Sponsors
Rep. Emily McAsey, Karen A. Yarbrough, Cynthia Soto, Elizabeth Hernandez, Linda Chapa LaVia, Lisa M. Dugan, Anthony DeLuca and Careen M. Gordon

Last Action

Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

205 ILCS 635/5-4 new

Synopsis As Introduced
Amends the Residential Mortgage License Act of 1987. Provides that at the time a mortgage loan is made or brokered, a licensee must provide to the borrower, in the mortgage document, a summary of the terms of the mortgage agreement. The summary must be listed on the first page of the document in an area titled "SUMMARY OF TERMS". The summary must be listed in bold, 14-point font.

Actions

Date	Chamber	Action
2/25/2009	House	Filed with the Clerk by Rep. Emily McAsey
2/26/2009	House	First Reading
2/26/2009	House	Referred to Rules Committee
3/3/2009	House	Assigned to Consumer Protection Committee
3/10/2009	House	Do Pass / Short Debate Consumer Protection Committee; 008-005-000
3/11/2009	House	Placed on Calendar 2nd Reading - Short Debate
3/12/2009	House	Added Co-Sponsor Rep. Karen A. Yarbrough
3/12/2009	House	Added Co-Sponsor Rep. Cynthia Soto
3/12/2009	House	Added Co-Sponsor Rep. Elizabeth Hernandez
3/24/2009	House	Added Co-Sponsor Rep. Linda Chapa LaVia
3/24/2009	House	Added Co-Sponsor Rep. Lisa M. Dugan
3/26/2009	House	Added Co-Sponsor Rep. Anthony DeLuca
3/26/2009	House	Added Co-Sponsor Rep. Careen M. Gordon
4/1/2009	House	Second Reading - Short Debate
4/1/2009	House	Held on Calendar Order of Second Reading - Short Debate
4/3/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die