Bill Status of HB6646  95th General Assembly

Short Description:  IDHA-REFINANCE MORTGAGE

House Sponsors
Rep. Michael Tryon - Ronald A. Wait - Brent Hassert - Robert W. Pritchard - Patricia R. Bellock, Sandra M. Pihos, Jim Durkin, Dave Winters and Rosemary Mulligan

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3805/7.25i new


Synopsis As Introduced
Amends the Illinois Housing Development Act. Provides that the Authority must use at least $1,000,000,000 of its borrowing authority to refinance residential adjustable-rate mortgages with increased interest rates that take effect within 5 years after the effective date of the amendatory Act. Provides that the Authority must work with entities in the private sector to make and manage the loans. Effective immediately.

Actions 
DateChamber Action
  5/16/2008HouseFiled with the Clerk by Rep. Michael Tryon
  5/16/2008HouseChief Co-Sponsor Rep. Ronald A. Wait
  5/16/2008HouseChief Co-Sponsor Rep. Brent Hassert
  5/16/2008HouseChief Co-Sponsor Rep. Robert W. Pritchard
  5/16/2008HouseChief Co-Sponsor Rep. Patricia R. Bellock
  5/16/2008HouseCo-Sponsor Rep. Sandra M. Pihos
  5/16/2008HouseCo-Sponsor Rep. Jim Durkin
  5/19/2008HouseFirst Reading
  5/19/2008HouseReferred to Rules Committee
  7/31/2008HouseAdded Co-Sponsor Rep. Dave Winters
  9/26/2008HouseAdded Co-Sponsor Rep. Rosemary Mulligan
  1/13/2009HouseSession Sine Die