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IL HB6215
Bill
Status
Introduced
2/11/2010
Primary Sponsor
Andre Thapedi
Click for details
AI Summary
- Licensees foreclosing on loans must pay a fee to the county clerk equal to $5 for every $1,000 sought in the foreclosure action
- Fees are deposited into the new Homeowner Loan Assistance Fund, a special fund in the State treasury
- Fund moneys are used by the Department to offer loan assistance to homeowners facing foreclosure
- Amends the Residential Mortgage License Act of 1987 and the State Finance Act
- Effective immediately upon becoming law
Legislative Description
RMLA-HOMEOWNER LOAN ASSISTANCE
Last Action
Rule 19(a) / Re-referred to Rules Committee
3/26/2010
Committee Referrals
Rules3/26/2010
Judiciary I - Civil Law2/22/2010
Rules2/11/2010
Full Bill Text
No bill text available