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<xml>
<title>Illinois General Assembly - Bill Status for SB 3287   </title>
<shortdesc>HI RISK HOME LOAN-REVERSE MORT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Terry Link</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Lou Lang-Dan Reitz, Carol A. Sente, Michael J. Zalewski, Karen May, John A. Fritchey, Elaine Nekritz, Julie Hamos, Randy Ramey, Jr., Franco Coladipietro, LaShawn K. Ford, Jim Durkin, Linda Chapa LaVia, Bob Biggins, Michael G. Connelly, Kevin Joyce and Sara Feigenholtz)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>815 ILCS 137/10</reference><aliasreference></aliasreference><SynopsisText>Amends the High Risk Home Loan Act. Provides that "high risk home loan" does not include a loan for reverse mortgage financing of residential real estate, including under programs regulated by the Federal Housing Administration (FHA).</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2010</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Terry Link</action>
<statusdate>2/9/2010</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2010</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/24/2010</statusdate><chamber>Senate</chamber><action>Assigned to Financial Institutions</action>
<statusdate>3/3/2010</statusdate><chamber>Senate</chamber><action>Do Pass Financial Institutions;  010-001-000</action>
<statusdate>3/3/2010</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 4, 2010</action>
<statusdate>3/9/2010</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/9/2010</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 10, 2010</action>
<statusdate>3/10/2010</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 053-001-000</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Lou Lang</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Carol A. Sente</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Michael J. Zalewski</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Jack D. Franks</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Karen May</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. John A. Fritchey</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Elaine Nekritz</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Alternate Co-Sponsor Removed Rep. Jack D. Franks</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. Dan Reitz</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Julie Hamos</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Randy Ramey, Jr.</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Franco Coladipietro</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>3/11/2010</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. LaShawn K. Ford</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Jim Durkin</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>4/8/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Bob Biggins</action>
<statusdate>4/15/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Michael G. Connelly</action>
<statusdate>4/21/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Kevin Joyce</action>
<statusdate>5/3/2010</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Sara Feigenholtz</action>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

