Senate Sponsors: CULLERTON. House Sponsors: BUGIELSKI Short description: LINE OF CRDT CANCLLATION FEE Synopsis of Bill as introduced: Amends the Interest Act. Provides that it is lawful to impose upon a borrower a cancellation fee not exceeding $500 if the borrower cancels a home equity line of credit. FISCAL NOTE (Office of Banks & Real Estate) There will be no fiscal impact. STATE MANDATES FISCAL NOTE Fails to create a State mandate. HOUSING AFFORDABILITY IMPACT NOTE No direct impact on the cost of a single-family residence. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status