Illinois General Assembly - Bill Status for HB0868
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 Bill Status of HB0868  94th General Assembly


House Sponsors
Rep. Angelo Saviano - Sidney H. Mathias

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

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Mortgage Lender's Closing Duties Act. Prohibits residential mortgage lenders and investors who receive notice of the time, date, and location of a closing from failing to provide the escrow closer with the necessary loan documents and funds. Imposes fines for violations of the Act and prohibits lenders and investors from passing on those fines as lending fees. Applies to the closing of owner occupied real property for one to 4 families.

DateChamber Action
  2/2/2005HouseFiled with the Clerk by Rep. Angelo Saviano
  2/2/2005HouseFirst Reading
  2/2/2005HouseReferred to Rules Committee
  2/3/2005HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  2/8/2005HouseAssigned to Judiciary I - Civil Law Committee
  3/9/2005HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 014-000-000
  3/10/2005HousePlaced on Calendar 2nd Reading - Short Debate
  4/8/2005HouseSecond Reading - Short Debate
  4/8/2005HouseHeld on Calendar Order of Second Reading - Short Debate
  4/12/2005HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Angelo Saviano
  4/12/2005HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/15/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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