Bill Status of SB 3287   96th General Assembly

Short Description:  HI RISK HOME LOAN-REVERSE MORT

Senate Sponsors
Sen. Terry Link

House Sponsors
(Rep. Lou Lang-Dan Reitz, Carol A. Sente, Michael J. Zalewski, Karen May, John A. Fritchey, Elaine Nekritz, Julie Hamos, Randy Ramey, Jr., Franco Coladipietro, LaShawn K. Ford, Jim Durkin, Linda Chapa LaVia, Bob Biggins, Michael G. Connelly, Kevin Joyce and Sara Feigenholtz)


Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
815 ILCS 137/10

Synopsis As Introduced
Amends the High Risk Home Loan Act. Provides that "high risk home loan" does not include a loan for reverse mortgage financing of residential real estate, including under programs regulated by the Federal Housing Administration (FHA).

Actions 
DateChamber Action
  2/9/2010SenateFiled with Secretary by Sen. Terry Link
  2/9/2010SenateFirst Reading
  2/9/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Financial Institutions
  3/3/2010SenateDo Pass Financial Institutions; 010-001-000
  3/3/2010SenatePlaced on Calendar Order of 2nd Reading March 4, 2010
  3/9/2010SenateSecond Reading
  3/9/2010SenatePlaced on Calendar Order of 3rd Reading March 10, 2010
  3/10/2010SenateThird Reading - Passed; 053-001-000
  3/11/2010HouseArrived in House
  3/11/2010HouseChief House Sponsor Rep. Lou Lang
  3/11/2010HousePlaced on Calendar Order of First Reading
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. Carol A. Sente
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. Michael J. Zalewski
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. Karen May
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. John A. Fritchey
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. Elaine Nekritz
  3/11/2010HouseAlternate Co-Sponsor Removed Rep. Jack D. Franks
  3/11/2010HouseAdded Alternate Chief Co-Sponsor Rep. Dan Reitz
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. Julie Hamos
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. Randy Ramey, Jr.
  3/11/2010HouseAdded Alternate Co-Sponsor Rep. Franco Coladipietro
  3/11/2010HouseFirst Reading
  3/11/2010HouseReferred to Rules Committee
  3/17/2010HouseAdded Alternate Co-Sponsor Rep. LaShawn K. Ford
  3/24/2010HouseAdded Alternate Co-Sponsor Rep. Jim Durkin
  3/25/2010HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
  4/8/2010HouseAdded Alternate Co-Sponsor Rep. Bob Biggins
  4/15/2010HouseAdded Alternate Co-Sponsor Rep. Michael G. Connelly
  4/21/2010HouseAdded Alternate Co-Sponsor Rep. Kevin Joyce
  5/3/2010HouseAdded Alternate Co-Sponsor Rep. Sara Feigenholtz
  1/12/2011SenateSession Sine Die

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