Bill Status of SB 1942   99th General Assembly

Short Description:  HIGH RISK LOAN PREPAYMENT

Senate Sponsors
Sen. Michael E. Hastings and Pamela J. Althoff

House Sponsors
(Rep. Marcus C. Evans, Jr.-Cynthia Soto-Adam Brown-Arthur Turner-C.D. Davidsmeyer and Camille Y. Lilly)


Last Action  View All Actions

DateChamber Action
  8/5/2015SenatePublic Act . . . . . . . . . 99-0288

Statutes Amended In Order of Appearance
815 ILCS 137/10

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/20/2015SenateFiled with Secretary by Sen. Michael E. Hastings
  2/20/2015SenateFirst Reading
  2/20/2015SenateReferred to Assignments
  3/11/2015SenateAssigned to Financial Institutions
  3/19/2015SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  3/25/2015SenateDo Pass Financial Institutions; 011-000-000
  3/25/2015SenatePlaced on Calendar Order of 2nd Reading March 26, 2015
  4/15/2015SenateSecond Reading
  4/15/2015SenatePlaced on Calendar Order of 3rd Reading April 16, 2015
  4/16/2015SenateThird Reading - Passed; 043-000-000
  4/16/2015HouseArrived in House
  4/16/2015HouseChief House Sponsor Rep. Marcus C. Evans, Jr.
  4/16/2015HouseFirst Reading
  4/16/2015HouseReferred to Rules Committee
  4/27/2015HouseAssigned to Financial Institutions Committee
  5/8/2015HouseCommittee Deadline Extended-Rule 9(b) May 15, 2015
  5/14/2015HouseDo Pass / Short Debate Financial Institutions Committee; 021-000-000
  5/14/2015HousePlaced on Calendar 2nd Reading - Short Debate
  5/15/2015HouseAdded Alternate Chief Co-Sponsor Rep. Cynthia Soto
  5/15/2015HouseAdded Alternate Chief Co-Sponsor Rep. Adam Brown
  5/15/2015HouseAdded Alternate Chief Co-Sponsor Rep. Arthur Turner
  5/15/2015HouseAdded Alternate Chief Co-Sponsor Rep. C.D. Davidsmeyer
  5/20/2015HouseSecond Reading - Short Debate
  5/20/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/22/2015HouseFinal Action Deadline Extended-9(b) May 31, 2015
  5/29/2015HouseThird Reading - Short Debate - Passed 113-000-001
  5/29/2015HouseAdded Alternate Co-Sponsor Rep. Camille Y. Lilly
  5/29/2015SenatePassed Both Houses
  6/26/2015SenateSent to the Governor
  8/5/2015SenateGovernor Approved
  8/5/2015SenateEffective Date August 5, 2015
  8/5/2015SenatePublic Act . . . . . . . . . 99-0288

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