SAVIANO-HOWARD. 765 ILCS 910/5.1 new Amends the Mortgage Escrow Account Act. Requires a mortgage lender to pay interest to the borrower on escrow accounts at the rate the largest bank with its main banking premises in Illinois pays on standard savings accounts. Effective immediately. FISCAL NOTE (Dpt. Financial Institutions) HB1276 would have no fiscal impact on the Department. STATE MANDATES FISCAL NOTE In the opinion of DCCA, HB1276 fails to create a State mandate under the State Mandates Act. 97-03-04 H FIRST READING 97-03-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-05 H ASSIGNED TO COMMITTEE FIN INSTIT 97-03-06 H RE-ASSIGNED TO COMMITTEE CONSUMER PROT 97-03-20 H FISCAL NOTE REQUESTED MOFFITT 97-03-20 H COMMITTEE CONSUMER PROT 97-03-21 H DO PASS/STANDARD DEBATE 006-004-001 HCON 97-03-21 H PLACED CAL 2ND READING-STANDARD DEBATE 97-03-26 H FISCAL NOTE FILED 97-03-26 H CALENDAR ORDER 2ND READING-STANDARD DBT 97-04-07 H STATE MANDATES FISCAL NOTE FILED 97-04-07 H CALENDAR ORDER 2ND READING-STANDARD DBT 97-04-12 H PRIMARY SPONSOR CHANGED TO SAVIANO 97-04-16 H SECOND READING-STANDARD DEBATE 97-04-16 H PLCD CAL ORDER 3RD READING-STNDRD DEBATE 97-04-18 H ADDED AS A JOINT SPONSOR HOWARD 97-04-25 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary