HB 868 Illinois House · 94th Regular Session

MORTGAGE LEND CLOSING DUTY ACT

Summary

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.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2005

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2005 Last action Jan 9, 2007

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 9, 2007

House · Failed

Session Sine Die

Apr 15, 2005

House · Referred to committee

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

Apr 12, 2005

House · Referred to committee

House Floor Amendment No. 1 Referred to Rules Committee

Apr 12, 2005

House · Amendment offered

House Floor Amendment No. 1 Filed with Clerk by Rep. Angelo Saviano

Mar 9, 2005

House · Reported by committee

Do Pass / Short Debate Judiciary I - Civil Law Committee; 014-000-000

Feb 8, 2005

House · Referred to committee

Assigned to Judiciary I - Civil Law Committee

Feb 2, 2005

House · Referred to committee

Referred to Rules Committee

0 primary · 1 co-sponsor