Counties & Townships Committee
Filed: 3/12/2009
 
 

 




 

 		












09600HB0705ham001

LRB096 08469 AJO 23676 a






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AMENDMENT TO HOUSE BILL 705 




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    AMENDMENT NO. ______. Amend House Bill 705, on page 4, line 
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16, by replacing ", Kane, and Will counties County" with 
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"County"; and





 
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on page 4, by replacing lines 18 through 20 with the following:
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"The inception date of the program shall be July 1, 2008. A 
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predatory lending

database program shall be expanded to include 
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Kane, Peoria, and Will counties.  The

inception date of the 
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expansion of the program as it applies to Kane, Peoria, and 
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Will

counties shall be July 1, 2010. Until the inception date, 
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none"; and



 
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on page 9, line 18, after "include", by inserting: ", by 
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county,"; and



 
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on page 10, by replacing line 1 with the following:


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    "counseling; .
 


 






09600HB0705ham001
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LRB096 08469 AJO 23676 a




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        (6) the number of licensed mortgage brokers and loan 
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    originators entering information into

the database;
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        (7) the number of investigations based on information 
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    obtained from the database,

including the number of 
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    licensees fined, the number of licenses suspended, and the


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    number of licenses revoked;
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        (8) a summary of the types of non-traditional mortgage 
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    products being offered; and
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        (9) a summary of how the Department is actively 
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    utilizing the program to combat

mortgage fraud.".