Illinois General Assembly - Bill Status for SB1779
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 Bill Status of SB1779  102nd General Assembly


Short Description:  MANUFACTURED HOMES-REFINANCING

Senate Sponsors
Sen. Laura M. Murphy

Last Action
DateChamber Action
  3/16/2021SenatePlaced on Calendar Order of 2nd Reading March 17, 2021

Statutes Amended In Order of Appearance
815 ILCS 505/2WWW new


Synopsis As Introduced
Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that a lender, or agent of a lending company, when offering terms for a mortgage note for the purchase of a manufactured home, shall disclose: (1) any affiliation between the landlord and the lending company; (2) that the loan is a chattel loan; (3) that the terms of a chattel loan prohibit refinancing; and (4) any other reason that prohibits refinancing. Provides that a violation constitutes an unlawful practice within the meaning of the Act.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Laura M. Murphy
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/9/2021SenateAssigned to Judiciary
  3/16/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Laura M. Murphy
  3/16/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/16/2021SenateDo Pass Judiciary; 007-002-000
  3/16/2021SenatePlaced on Calendar Order of 2nd Reading March 17, 2021
  3/18/2021SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Laura M. Murphy
  3/18/2021SenateSenate Floor Amendment No. 2 Referred to Assignments
  3/23/2021SenateSenate Floor Amendment No. 2 Assignments Refers to Judiciary
  3/24/2021SenateSenate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 006-002-000
  4/13/2021SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Laura M. Murphy
  4/13/2021SenateSenate Floor Amendment No. 3 Referred to Assignments
  4/14/2021SenateSenate Floor Amendment No. 3 Assignments Refers to Judiciary

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