92nd General Assembly
Status of HB5742
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   205 ILCS 5/6.2 new                                                          
   205 ILCS 105/1-6e new                                                       
   205 ILCS 205/1010 new                                                       
   205 ILCS 305/46.2 new                                                       
   205 ILCS 635/5-5 new                                                        

        Amends the Illinois Banking Act, the Illinois  Savings  and  Loan      
   Act  of 1985, the Savings Bank Act, the Illinois Credit Union Act, and      
   the Residential Mortgage License  Act  of  1987.  Provides  that  when      
   making  a  reverse mortgage loan, the lender or broker must inform the      
   mortgagor that by obtaining the reverse mortgage loan the  mortgagor's      
   eligibility  to  obtain  a tax deferral under the Senior Citizens Real      
   Estate  Tax  Deferral  Act  may  be  adversely   affected.   Effective      
   FEB-07-2002  H  FILED WITH CLERK                                               
   FEB-07-2002  H  FIRST READING                                                  
   FEB-07-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-13-2002  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   FEB-21-2002  H  DO PASS/SHORT DEBATE                     018-000-000   HFIN    
   FEB-21-2002  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAR-20-2002  H  SECOND READING-SHORT DEBATE                                    
   MAR-20-2002  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAR-20-2002  H  ADDED AS A JOINT SPONSOR                 COULSON               
   MAR-21-2002  H  THIRD READING/SHORT DEBATE/PASSED        111-000-001           
   MAR-21-2002  H  ADDED AS A JOINT SPONSOR                 SCHOENBERG            
   MAR-21-2002  H  ADDED AS A JOINT SPONSOR                 MCAULIFFE             
   MAR-21-2002  H  ADDED AS A JOINT SPONSOR                 KLINGLER              
   APR-02-2002  S  ARRIVE IN SENATE                                               
   APR-02-2002  S  PLACED CALENDAR ORDER OF FIRST READING   02-04-03              
   APR-02-2002  S  CHIEF SPONSOR                            PARKER                
   APR-03-2002  S  FIRST READING                                                  
   APR-03-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   APR-04-2002  S  ADDED AS A CHIEF CO-SPONSOR              MUNOZ                 
   APR-10-2002  S       ASSIGNED TO COMMITTEE               FIN INST              
   APR-18-2002  S       DO PASS                             009-000-000   SFIC    
   APR-18-2002  S  PLACED ON CALENDAR ORDER OF 2ND READING  02-04-23              
   APR-23-2002  S  SECOND READING                                                 
   APR-23-2002  S  PLACED ON CALENDAR ORDER OF 3RD READING  02-04-24              
   APR-25-2002  S  THIRD READING - PASSED                   056-000-000           
   APR-25-2002  H  PASSED BOTH HOUSES                                             
   MAY-24-2002  H  SENT TO THE GOVERNOR                                           
   JUN-26-2002  H  GOVERNOR APPROVED                                              
   JUN-26-2002  H                            EFFECTIVE DATE 02-06-26              
   JUN-26-2002  H  PUBLIC ACT.............................. 92-0577               


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