Illinois General Assembly - Bill Status for HB4154
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 Bill Status of HB4154  102nd General Assembly


Short Description:  IHDA-COVID-19 MORTGAGE RELIEF

House Sponsors
Rep. La Shawn K. Ford and Michelle Mussman

Last Action
DateChamber Action
  10/19/2021HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
735 ILCS 5/Art. XV Pt. 18 heading new
735 ILCS 5/15-1801 new


Synopsis As Introduced
Amends the Code of Civil Procedure. Allows the Illinois Housing Development Authority to issue a one-time loan of up to $25,000 to pay delinquent escrow payments or property tax payments in forbearance accrued between March 17, 2021 through September 30, 2021 for homeowners who participated in the federal COVID-19 mortgage forbearance program under the Coronavirus Aid, Relief, and Economic Security Act. Allows a homeowner to apply to for the loan if the homeowner: has participated in the federal COVID-19 mortgage forbearance program; is delinquent in escrow payments or property tax payments to the mortgage lender; and has enrolled in or has the ability to enroll in a remediation process with the homeowner's mortgage servicer to bring the mortgage out of forbearance. Requires the Illinois Housing Development Authority to: determine the amount to be issued to the homeowner based on the application submitted by the homeowner; place a lien on the property for which the homeowner is delinquent on payments; and forgive the loan after 3 years if the homeowner is not in arrears on the loan. Effective immediately.

Actions 
DateChamber Action
  9/23/2021HouseFiled with the Clerk by Rep. La Shawn K. Ford
  9/30/2021HouseAdded Co-Sponsor Rep. Michelle Mussman
  10/19/2021HouseFirst Reading
  10/19/2021HouseReferred to Rules Committee

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