PANKAU. 20 ILCS 3805/7.24i new 30 ILCS 105/5.545 new Amends the Illinois Housing Development Act. Creates the Homeowner's Stabilization Program. Allows the Illinois Housing Development Authority to make grants to designated agencies. Provides that the designated agencies must use grant moneys to make mortgage payments on behalf of mortgagors. Sets requirements for eligibility for assistance. Requires mortgagors to repay the assistance. Requires the Authority to maintain a toll-free telephone number to inform mortgagors and the public about the Homeowner's Stabilization Program. Requires mortgagees to include a notice that the mortgagor may be eligible for assistance under the Program with notices of delinquency mailed to mortgagors. Amends the State Finance Act to create the Homeowner's Stabilization Fund. Effective immediately. FEB-21-2001 H FILED WITH CLERK FEB-21-2001 H FIRST READING FEB-21-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-22-2001 H ASSIGNED TO COMMITTEE STE GOV ADMIN MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary