Illinois General Assembly - Bill Status for SB3437
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 Bill Status of SB3437  102nd General Assembly


Short Description:  MANUFACTURED HOMES-REFINANCING

Senate Sponsors
Sen. Laura M. Murphy - Jacqueline Y. Collins, Melinda Bush and Cristina Castro

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
765 ILCS 77/36 new


Synopsis As Introduced
Amends the Residential Real Property Disclosure Act. Provides that a lender, or agent of a lending company, when offering terms for a mortgage note for the purchase of a manufactured home, shall disclose: (1) any affiliation between the landlord and the lending company; (2) that the loan is a chattel loan; (3) that the terms of a chattel loan prohibit refinancing; and (4) any other reason that prohibits refinancing.

Actions 
DateChamber Action
  2/14/2020SenateFiled with Secretary by Sen. Laura M. Murphy
  2/14/2020SenateFirst Reading
  2/14/2020SenateReferred to Assignments
  2/25/2020SenateAssigned to Judiciary
  3/3/2020SenateAdded as Co-Sponsor Sen. Melinda Bush
  3/3/2020SenateAdded as Co-Sponsor Sen. Cristina Castro
  3/4/2020SenateDo Pass Judiciary; 009-000-000
  3/4/2020SenatePlaced on Calendar Order of 2nd Reading March 5, 2020
  3/4/2020SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Laura M. Murphy
  3/4/2020SenateSenate Floor Amendment No. 1 Referred to Assignments
  3/5/2020SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/5/2020SenateSenate Floor Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments
  3/25/2020SenateRule 2-10 Third Reading Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/23/2020SenateRule 2-10 Third Reading Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 31, 2020
  1/13/2021SenateSession Sine Die

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