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SB 3522 Illinois Senate · 97th Regular Session

HOME LOAN PREPAYMENT PENALTIES

Summary
Amends the Residential Mortgage License Act of 1987, the High Risk Home Loan Act, and the Interest Act. Limits the imposition of prepayment penalties in connection with high risk home loans. Limits the size of balloon payments in connection with high risk home loans. Limits the imposition of late fees. Effective January 1, 2013.
Bill status failed 4 of 5 stages cleared
Introduction
Mar 2012
Committee Review
Jul 2012
Senate Passage
Mar 2012
House Passage
May 2012
Governor
Introduced Mar 29, 2012 Last action Jan 8, 2013
Floor votes · Senate Mar 28, 2012 · House May 31, 2012

How they voted

49–0
Passed · 6 other
Total votes 55
Mar 28, 2012
D Democratic32
31 Yea 1
96% Yea
R Republican23
18 Yea 5
78% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
102
Key actions
18
Committee
24
Amendments
16
Jul 1, 2012
Committee
House Floor Amendment No. 2 Motion to Concur Referred to Assignments; Pursuant to Senate Rule 3-9(b).
upper
Jul 1, 2012
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments; Pursuant to Senate Rule 3-9(b).
upper
Jul 1, 2012
Committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
upper
May 31, 2012
Introduced
House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Financial Institutions; 007-005-000
upper
May 31, 2012
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Financial Institutions; 007-005-000
upper
May 31, 2012
Committee
House Floor Amendment No. 2 Motion to Concur Assignments Referred to Financial Institutions
upper
May 31, 2012
Committee
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Financial Institutions
upper
May 31, 2012
Committee
House Floor Amendment No. 2 Motion to Concur Referred to Assignments
upper
May 31, 2012
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
upper
May 31, 2012
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 31, 2012
upper
May 31, 2012
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1, 2
upper
May 31, 2012
Lower · Passed
House Floor Amendment No. 2 Adopted by Voice Vote
lower
May 31, 2012
Lower · Passed
House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 005-000-000
lower
May 31, 2012
House · Passed
House Vote: pass (61-43-3)
house
May 30, 2012
Committee
House Floor Amendment No. 3 Referred to Rules Committee
lower
May 30, 2012
Introduced
House Floor Amendment No. 3 Filed with Clerk by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Judiciary I - Civil Law Committee; 007-003-000
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 State Debt Impact Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 Pension Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 Land Conveyance Appraisal Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 Judicial Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 Housing Affordability Impact Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 Home Rule Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 Correctional Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 Balanced Budget Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Committee Amendment No. 1 State Debt Impact Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Committee Amendment No. 1 Pension Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Committee Amendment No. 1 Land Conveyance Appraisal Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Committee Amendment No. 1 Judicial Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Committee Amendment No. 1 Housing Affordability Impact Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Committee Amendment No. 1 Home Rule Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Committee Amendment No. 1 Correctional Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Committee Amendment No. 1 Balanced Budget Note Requested as Amended by Rep. Karen A. Yarbrough
lower
May 30, 2012
Lower · Passed
House Floor Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee
lower
May 30, 2012
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
May 30, 2012
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Karen A. Yarbrough
lower
May 22, 2012
Lower · Passed
Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 010-000-000
lower
May 22, 2012
Lower · Passed
House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote
lower
May 21, 2012
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee
lower
May 17, 2012
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
May 17, 2012
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz
lower
Mar 28, 2012
Senate · Passed
Senate Vote: pass (49-0-6)
senate
0 primary · 14 co-sponsors

Sponsors

No sponsor information available.