Bill Texts: IL HB2717 | 2023-2024 | 103rd General Assembly
Bill Title: Amends the Mortgage Escrow Account Act. Provides that a mortgage lender that complies with the escrow account requirements in Title 12 CFR Part 1026 for a mortgage loan that is a higher-priced mortgage loan is deemed to be in compliance with a provision regarding notification by a mortgage lender to a borrower about terminating or continuing such escrow account. Provides that the borrower shall not have the right to terminate any escrow account arrangement in conjunction with a mortgage loan that is a higher-priced mortgage loan unless the borrower has met all of the conditions for cancellation of an escrow account for a higher-priced mortgage loan in Title 12 CFR Part 1026. Effective immediately.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Passed) 2023-07-28 - Public Act . . . . . . . . . 103-0322 [HB2717 Detail]
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Passed) 2023-07-28 - Public Act . . . . . . . . . 103-0322 [HB2717 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|---|---|---|---|
| Chaptered | 2023-08-01 | HTML/Text | Link | View |
| Enrolled | 2023-05-12 | HTML/Text | Link | View |
| Engrossed | 2023-03-15 | HTML/Text | Link | View |
| Introduced | 2023-02-15 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|---|---|---|---|---|
| No bill amendments currently on file for Illinois HB2717 | |||||
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|---|---|---|---|---|
| No supplemental documents for Illinois HB2717 currently on file. | |||||
