GA96HB537 96 HB 537 PROHIB PREPAYMENT PENALTIES Amends the Residential Mortgage License Act of 1987. Provides that no licensee may make, provide, or arrange a mortgage loan with a prepayment penalty (rather than permitting prepayment penalties under specified conditions). Provides that prepayment penalties are prohibited in connection with the sale or destruction of a dwelling secured by a residential mortgage loan. Amends the High Risk Home Loan Act to provide that for any loan that is subject to the provisions of the Act and is not subject to the provisions of the Home Ownership and Equity Protection Act of 1994, no lender shall make a high risk home loan that includes a penalty provision (rather than permitting prepayment penalties under specified conditions). Amends the Interest Act. Deletes a provision providing that notwithstanding specified provisions, the lender, in the case of any nonexempt residential mortgage loan, shall have the right to include a prepayment penalty that meets specified criteria. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=537&GAID=10&DocTypeID=HB&LegId=40919&SessionID=76&GA=96 2010-05-05 00:00:00 Senate Placed on Calendar Order of 3rd Reading 0 60 2010-05-05 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. Emil Jones, III 0 61 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 4 Be Approved for Consideration Assignments 0 54 SCOA 2010-05-05 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. Dan Rutherford 0 55 2010-05-05 00:00:00 Senate Recalled to Second Reading 0 56 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 2 Adopted; Lightford 0 57 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 3 Adopted; Lightford 0 58 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 4 Adopted; Lightford 0 59 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 013-000-000 0 53 SEXC 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 4 Referred to Assignments 0 52 SCOA 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 4 Filed with Secretary by Sen. Kimberly A. Lightford 0 51 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 3 Filed with Secretary by Sen. Kimberly A. Lightford 0 48 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 3 Assignments Refers to Executive 0 50 SEXC 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 3 Referred to Assignments 0 49 SCOA 2010-05-05 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. Heather Steans 0 47 2010-05-04 00:00:00 Senate Senate Floor Amendment No. 2 Referred to Assignments 0 43 SCOA 2010-05-05 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins 0 46 2010-05-05 00:00:00 Senate Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 010-000-000 0 45 SFIC 2010-05-04 00:00:00 Senate Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions 0 44 SFIC 2010-05-04 00:00:00 Senate Senate Floor Amendment No. 2 Filed with Secretary by Sen. Kimberly A. Lightford 0 42 2010-04-30 00:00:00 Senate Placed on Calendar Order of 3rd Reading May 3, 2010 0 40 2010-05-03 00:00:00 Senate Alternate Chief Sponsor Changed to Sen. Kimberly A. Lightford 0 41 2010-04-28 00:00:00 Senate Senate Committee Amendment No. 1 Adopted 0 36 2010-04-28 00:00:00 Senate Do Pass as Amended Executive; 008-001-004 0 37 SEXC 2010-04-28 00:00:00 Senate Placed on Calendar Order of 2nd Reading April 29, 2010 0 38 2010-04-30 00:00:00 Senate Second Reading 1 39 2010-04-28 00:00:00 Senate Senate Committee Amendment No. 1 Assignments Refers to Executive 0 35 SEXC 2010-04-28 00:00:00 Senate Senate Committee Amendment No. 1 Referred to Assignments 0 34 SCOA 2010-04-27 00:00:00 Senate Alternate Chief Sponsor Changed to Sen. John J. Cullerton 0 32 2010-04-28 00:00:00 Senate Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton 0 33 2010-04-23 00:00:00 Senate Rule 2-10 Committee Deadline Established As May 7, 2010 0 31 2009-05-08 00:00:00 Senate Rule 3-9(a) / Re-referred to Assignments 0 28 SCOA 2010-04-22 00:00:00 Senate Re-assigned to Executive 0 30 SEXC 2009-05-12 00:00:00 Senate Sponsor Removed Sen. Don Harmon 0 29 2009-05-07 00:00:00 Senate Held in Financial Institutions 0 27 SFIC 2009-04-30 00:00:00 Senate Held in Financial Institutions 0 26 SFIC 2009-04-29 00:00:00 Senate Alternate Chief Sponsor Changed to Sen. Ira I. Silverstein 0 25 2009-04-22 00:00:00 Senate Assigned to Financial Institutions 0 24 SFIC 2009-04-15 00:00:00 Senate Referred to Assignments 0 23 SCOA 2009-04-15 00:00:00 Senate First Reading 1 22 2009-04-15 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. Don Harmon 0 21 2009-04-15 00:00:00 Senate Chief Senate Sponsor Sen. John J. Cullerton 0 20 2009-04-15 00:00:00 Senate Arrive in Senate 0 18 2009-04-15 00:00:00 Senate Placed on Calendar Order of First Reading 0 19 2009-04-03 00:00:00 House Added Co-Sponsor Rep. Jehan A. Gordon 0 17 2009-04-03 00:00:00 House Added Co-Sponsor Rep. Annazette Collins 0 16 2009-04-03 00:00:00 House Third Reading - Standard Debate - Passed 065-049-001 1 15 2009-04-03 00:00:00 House Added Co-Sponsor Rep. Deborah L. Graham 0 14 2009-03-26 00:00:00 House Added Co-Sponsor Rep. Patrick J. Verschoore 0 13 2009-03-26 00:00:00 House Added Chief Co-Sponsor Rep. Kenneth Dunkin 0 12 2009-03-26 00:00:00 House Added Chief Co-Sponsor Rep. Careen M. Gordon 0 11 2009-03-25 00:00:00 House Placed on Calendar Order of 3rd Reading - Standard Debate 0 10 2009-03-25 00:00:00 House Second Reading - Standard Debate 1 9 2009-03-23 00:00:00 House Added Co-Sponsor Rep. Emily McAsey 0 8 2009-03-11 00:00:00 House Placed on Calendar 2nd Reading - Standard Debate 0 7 2009-03-10 00:00:00 House Do Pass / Standard Debate Consumer Protection Committee; 008-006-000 0 6 HCON 2009-02-09 00:00:00 House Assigned to Consumer Protection Committee 0 5 HCON 2009-02-04 00:00:00 House Referred to Rules Committee 0 4 HRUL 2009-02-04 00:00:00 House First Reading 1 3 2009-02-04 00:00:00 House Chief Co-Sponsor Rep. Fred Crespo 0 2 2009-02-04 00:00:00 House Chief Co-Sponsor Rep. Keith Farnham 0 1 2009-02-04 00:00:00 House Filed with the Clerk by Rep. Charles E. Jefferson 0 0 2010-05-05 00:00:00 Senate Added as Alternate Co-Sponsor Sen. Toi W. Hutchinson 0 62 2010-05-05 00:00:00 Senate Added as Alternate Co-Sponsor Sen. Mattie Hunter 0 63 2010-05-05 00:00:00 Senate Third Reading - Passed; 058-001-000 1 64 2010-05-05 00:00:00 House Arrived in House 0 65 2010-05-05 00:00:00 House Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2, 3, 4 1 66 2010-05-05 00:00:00 House Chief Sponsor Changed to Rep. Lou Lang 0 67 2010-05-06 00:00:00 House Senate Committee Amendment No. 1 Motion Filed Concur Rep. Lou Lang 0 68 2010-05-06 00:00:00 House Senate Floor Amendment No. 2 Motion Filed Concur Rep. Lou Lang 0 69 2010-05-06 00:00:00 House Senate Floor Amendment No. 3 Motion Filed Concur Rep. Lou Lang 0 70 2010-05-06 00:00:00 House Senate Floor Amendment No. 4 Motion Filed Concur Rep. Lou Lang 0 71 2010-05-06 00:00:00 House Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 0 72 HRUL 2010-05-06 00:00:00 House Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee 0 73 HRUL 2010-05-06 00:00:00 House Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee 0 74 HRUL 2010-05-06 00:00:00 House Senate Floor Amendment No. 4 Motion to Concur Referred to Rules Committee 0 75 HRUL 2010-05-06 00:00:00 House Added Co-Sponsor Rep. Joseph M. Lyons 0 76 2010-05-06 00:00:00 House Added Co-Sponsor Rep. Al Riley 0 77 2010-05-06 00:00:00 House Added Co-Sponsor Rep. Elaine Nekritz 0 78 2010-05-06 00:00:00 House Added Co-Sponsor Rep. Marlow H. Colvin 0 79 2010-05-06 00:00:00 House Added Co-Sponsor Rep. Camille Y Lilly 0 80 2010-05-06 00:00:00 House Added Co-Sponsor Rep. Patricia R. Bellock 0 81 2010-05-06 00:00:00 House Added Co-Sponsor Rep. Karen A. Yarbrough 0 82 2010-05-06 00:00:00 House Remove Chief Co-Sponsor Rep. Kenneth Dunkin 0 83 2010-05-06 00:00:00 House Added Co-Sponsor Rep. Kenneth Dunkin 0 84 2010-05-06 00:00:00 House Added Chief Co-Sponsor Rep. Monique D. Davis 0 85 2010-05-07 00:00:00 House Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Executive Committee 0 86 HEXC 2010-05-07 00:00:00 House Senate Floor Amendment No. 2 Motion to Concur Rules Referred to Executive Committee 0 87 HEXC 2010-05-07 00:00:00 House Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Executive Committee 0 88 HEXC 2010-05-07 00:00:00 House Senate Floor Amendment No. 4 Motion to Concur Rules Referred to Executive Committee 0 89 HEXC JosephMLyons House Co-Sponsor JehanAGordon House Co-Sponsor AnnazetteCollins House Co-Sponsor DeborahLGraham House Co-Sponsor EmilyMcAsey House Co-Sponsor PatrickJVerschoore House Co-Sponsor EmilJonesIII Senate Chief Co-Sponsor DanRutherford Senate Chief Co-Sponsor JacquelineYCollins Senate Chief Co-Sponsor HeatherSteans Senate Chief Co-Sponsor MoniqueDDavis House Chief Co-Sponsor CareenMGordon House Chief Co-Sponsor FredCrespo House Chief Co-Sponsor KeithFarnham House Chief Co-Sponsor LouLang House Chief Sponsor KimberlyALightford Senate Chief Sponsor AlRiley House Co-Sponsor ElaineNekritz House Co-Sponsor MarlowHColvin House Co-Sponsor CamilleYLilly House Co-Sponsor PatriciaRBellock House Co-Sponsor KarenAYarbrough House Co-Sponsor ToiWHutchinson Senate Co-Sponsor KennethDunkin House Co-Sponsor MattieHunter Senate Co-Sponsor