NOVAK. 765 ILCS 5/11.1 new Amends the Conveyances Act. Provides that every mortgage or deed of trust in the nature of mortgage relating to the financing of residential real estate must include the name of the financial institution providing the financing and the loan officer who signed the document, the name of the residential mortgage licensee receiving compensation relating to the financing and the name of the loan originator who signed the mortgage loan application, and the name of the real estate appraiser who provided the appraisal on which the financing was based. Provides that the county recorder may not record a mortgage if the required information is not provided. Provides that failure to comply with the new requirements does not invalidate the recording of the mortgage or trust deed or impair the rights of the mortgagee or beneficiary of the trust deed. HOUSE AMENDMENT NO. 1. Deletes everything. Amends the Conveyances Act. Adds a provision regarding recording of liens on residential real estate. Contains only a caption. FEB-05-2002 H FILED WITH CLERK FEB-05-2002 H FIRST READING FEB-05-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-06-2002 H ASSIGNED TO COMMITTEE FIN INSTIT FEB-21-2002 H AMENDMENT NO. 01-FIN INSTIT H FEB-21-2002 H ADOPTED FEB-21-2002 H DO PASS AMENDED/SHORT DEBATE 017-000-000 HFIN FEB-21-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-05-2002 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary