92nd General Assembly
Status of HB2015
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 Full Text  Bill Summary

   20 ILCS 3805/7.24i new                                                      
   30 ILCS 105/5.545 new                                                       

        Amends  the  Illinois  Housing  Development  Act.   Creates   the      
   Homeowner's   Stabilization  Program.   Allows  the  Illinois  Housing      
   Development Authority to make grants to designated agencies.  Provides      
   that the designated agencies must use grant moneys  to  make  mortgage      
   payments  on  behalf of mortgagors.  Sets requirements for eligibility      
   for  assistance.   Requires  mortgagors  to  repay   the   assistance.      
   Requires  the  Authority  to  maintain a toll-free telephone number to      
   inform mortgagors and the public about the  Homeowner's  Stabilization      
   Program.   Requires  mortgagees to include a notice that the mortgagor      
   may be eligible for assistance  under  the  Program  with  notices  of      
   delinquency  mailed  to  mortgagors.   Amends the State Finance Act to      
   create the Homeowner's Stabilization Fund.  Effective immediately.          
   FEB-21-2001  H  FILED WITH CLERK                                               
   FEB-21-2001  H  FIRST READING                                                  
   FEB-21-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-22-2001  H       ASSIGNED TO COMMITTEE               STE GOV ADMIN         
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary