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<xml>
<title>Illinois General Assembly - Bill Status for HB 3864   </title>
<shortdesc>RMLA-MORTGAGE SUMMARY-TERMS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Emily McAsey, Karen A. Yarbrough, Cynthia Soto, Elizabeth Hernandez, Linda Chapa LaVia, Lisa M. Dugan, Anthony DeLuca and Careen M. Gordon</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 635/5-4 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Residential Mortgage License Act of 1987. Provides that at the time a mortgage loan is made or brokered, a licensee must provide to the borrower, in the mortgage document, a summary of the terms of the mortgage agreement. The summary must be listed on the first page of the document in an area titled "SUMMARY OF TERMS". The summary must be listed in bold, 14-point font.</SynopsisText></synopsis>
<actions>
<statusdate>2/25/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Emily McAsey</action>
<statusdate>2/26/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/26/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/3/2009</statusdate><chamber>House</chamber><action>Assigned to Consumer Protection Committee</action>
<statusdate>3/10/2009</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Consumer Protection Committee;  008-005-000</action>
<statusdate>3/11/2009</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/12/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Karen A. Yarbrough</action>
<statusdate>3/12/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Cynthia Soto</action>
<statusdate>3/12/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Elizabeth Hernandez</action>
<statusdate>3/24/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>3/24/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lisa M. Dugan</action>
<statusdate>3/26/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Anthony DeLuca</action>
<statusdate>3/26/2009</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Careen M. Gordon</action>
<statusdate>4/1/2009</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/1/2009</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>4/3/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

