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SB 1942 Illinois Senate · 99th Regular Session

HIGH RISK LOAN PREPAYMENT

Summary
Amends the High Risk Home Loan Act. Provides that the term "high risk home loan" includes certain loans that exceed an amount established by federal regulation. Defines the terms "prepayment penalty" and "prepayment fees or penalties". Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2015
Committee Review
May 2015
Senate Passage
May 2015
House Passage
May 2015
Signed into Law
Aug 2015
Introduced Apr 16, 2015 Signed Aug 5, 2015
Floor votes · Senate Apr 16, 2015 · House May 29, 2015

How they voted

37–0
Passed · 15 other
Total votes 52
Apr 16, 2015
D Democratic33
23 Yea 10
69% Yea
R Republican19
14 Yea 5
73% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
34
Key actions
7
Committee
7
Aug 5, 2015
Signed into law
Governor Approved
upper
May 29, 2015
Upper · Passed
Passed Both Houses
upper
May 29, 2015
House · Passed
House Vote: pass (101-0-3)
house
May 14, 2015
Lower · Passed
Do Pass / Short Debate Financial Institutions Committee; 021-000-000
lower
May 8, 2015
Lower · Passed
Committee Deadline Extended-Rule 9(b) May 15, 2015
lower
Apr 27, 2015
Committee
Assigned to Financial Institutions Committee
lower
Apr 16, 2015
Committee
Referred to Rules Committee
lower
Apr 16, 2015
Introduced
Arrived in House
lower
Apr 16, 2015
Senate · Passed
Senate Vote: pass (37-0-15)
senate
Mar 25, 2015
Upper · Passed
Do Pass Financial Institutions; 011-000-000
upper
Mar 11, 2015
Committee
Assigned to Financial Institutions
upper
Feb 20, 2015
Committee
Referred to Assignments
upper
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.