Illinois General Assembly - Bill Status for HB4874
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 Bill Status of HB4874  94th General Assembly


Short Description:  RESIDENTIAL MORTGAGE-NOTICES

House Sponsors
Rep. Robert W. Churchill

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 635/5-10 new


Synopsis As Introduced
Amends the Residential Mortgage License Act of 1987. Requires each foreign mortgagor to provide to the borrower, at closing, a written statement of compliance certifying (i) that the foreign mortgagor is in compliance with the Act or is an exempt person or entity under the Act and (ii) that the foreign mortgagor is in compliance with all applicable requirements of the Office of the Secretary of State in order to do business in Illinois.

Actions 
DateChamber Action
  1/19/2006HouseFiled with the Clerk by Rep. Robert W. Churchill
  1/19/2006HouseFirst Reading
  1/19/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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