IL HB5416

Prohibits sending mortgage marketing materials that falsely indicate connection to a consumer's mortgage company, claim problems exist with the mortgage, or state the materials contain mortgage information, unless the sender is actually employed by or affiliated with the consumer's mortgage company.

Requires unaffiliated mortgage companies' marketing materials to avoid language suggesting urgency or immediate response (including terms like "urgent," "action required," "time sensitive," or "important account information enclosed").

Mandates that the solicitor's mortgage company name be prominently displayed in the letter body, at the top in larger font than body text, and on any envelope.

Restricts use of the consumer's mortgage company name to body text only and requires clear language explaining the solicitation is not from or affiliated with that company; prohibits the name from appearing in envelope windows, email subject lines, or on the envelope itself.

Requires marketing materials to clearly state whether the consumer's mortgage company had any involvement in helping the solicitor obtain the homeowner's mortgage information.