Bill Status of HB 2382   93rd General Assembly

Short Description:  HIGH-COST HOME LOAN ABUSE ACT

House Sponsors
Rep. Monique D. Davis

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
815 ILCS 505/2Zfrom Ch. 121 1/2, par. 262Z

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/20/2003HouseFiled with the Clerk by Rep. Monique D. Davis
  2/20/2003HouseFirst Reading
  2/20/2003HouseReferred to Rules Committee
  2/26/2003HouseAssigned to Housing and Urban Development Committee
  3/5/2003HouseDo Pass / Short Debate Housing and Urban Development Committee; 020-000-000
  3/5/2003HousePlaced on Calendar 2nd Reading - Short Debate
  3/6/2003HouseHouse Amendment No. 1 Filed with Clerk by Rep. Monique D. Davis
  3/6/2003HouseHouse Amendment No. 1 Referred to Rules Committee
  3/26/2003HouseHouse Amendment No. 2 Filed with Clerk by Rep. Monique D. Davis
  3/26/2003HouseHouse Amendment No. 2 Referred to Rules Committee
  4/4/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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