Illinois General Assembly - Bill Status for SB0703

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Bill Status of SB0703 95th General Assembly

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Short Description: CONVEY-PRED LENDING-MTGE RIDER

Senate Sponsors
Sen. A. J. Wilhelmi

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

765 ILCS 5/11

from Ch. 30, par. 10

Synopsis As Introduced
Amends the Conveyances Act. Provides that every mortgage securing residential real estate shall have attached a rider, certified by the mortgage lender, that states the name of each participant in the origination of the mortgage, the participant's applicable license or registration number, if any, and the participant's function by using these function categories: mortgage origination company; loan officer; appraiser; real estate broker for the seller; real estate broker for the buyer; lender funding the mortgage; and title insurance company. Provides that a mortgage on residential real estate that is subject to the Illinois predatory lending database pilot program must have attached to it a certificate of compliance or a certificate of exemption issued pursuant to that program.

Actions

Date	Chamber	Action
2/8/2007	Senate	Filed with Secretary by Sen. A. J. Wilhelmi
2/8/2007	Senate	First Reading
2/8/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Financial Institutions
3/16/2007	Senate	Rule 3-9(a) / Re-referred to Rules
1/13/2009	Senate	Session Sine Die

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