HB 2382 Illinois House · 93rd Regular Session

HIGH-COST HOME LOAN ABUSE ACT

Summary

Creates the High-cost Home Loan Abuse Prevention Act. Establishes prohibitions on abusive practices with respect to the making of home loans and high-cost home loans. Prohibits the financing of credit insurance, the use of excessive late fees and excessive points or fees, the selection of an inconvenient legal forum, and the refinancing of special mortgages. Prohibits the payment of mortgage proceeds directly to home improvement contractors. Establishes penalties for violations. Amends the Consumer Fraud and Deceptive Business Practices Act to provide that a violation of this Act constitutes a violation of that Act.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2003

Committee Review

Floor Vote

Governor

Introduced Feb 20, 2003 Last action Jan 11, 2005

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 11, 2005

House · Failed

Session Sine Die

Apr 4, 2003

House · Referred to committee

Rule 19(a) / Re-referred to Rules Committee

Mar 26, 2003

House · Referred to committee

House Floor Amendment No. 2 Referred to Rules Committee

Mar 26, 2003

House · Amendment offered

House Floor Amendment No. 2 Filed with Clerk by Rep. Monique D. Davis

Mar 6, 2003

House · Referred to committee

House Floor Amendment No. 1 Referred to Rules Committee

Mar 6, 2003

House · Amendment offered

House Floor Amendment No. 1 Filed with Clerk by Rep. Monique D. Davis

Mar 5, 2003

House · Reported by committee

Do Pass / Short Debate Housing and Urban Development Committee; 020-000-000

Feb 26, 2003

House · Referred to committee

Assigned to Housing and Urban Development Committee

Feb 20, 2003

House · Referred to committee

Referred to Rules Committee

0 primary · 1 co-sponsor