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IL HB5069

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

Daniel Biss

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Amends the Residential Mortgage License Act of 1987 to add Section 5-18
  • Requires licensed mortgage lenders to post a list on their Internet website of all documents, records, and information they will request from borrowers during the loan application process
  • Includes communications with third parties in the required disclosure list
  • Applies to all persons and entities licensed under the Residential Mortgage License Act of 1987

Legislative Description

RESIDENT MORTGAGE-WEBSITE

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules3/9/2012
Financial Institutions2/17/2012
Rules2/7/2012

Full Bill Text

No bill text available