Illinois · House Bill 2717 · 103rd General Assembly

MORTGAGE ESCROW-COMPLIANCE

HB 2717 Sponsored by Edgar González, Jr. Became law

  1. Introduced Feb 15, 2023
  2. In committee Feb 16, 2023
  3. Passed the House Mar 23, 2023
  4. Passed the Senate May 11, 2023
  5. To the governor Jun 9, 2023
  6. Became law Jul 28, 2023

What it does

The legislature's own summary of the bill, or its official long 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…

Read the full title (114 words)

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.

Every action

28 steps, oldest first, as the legislature records them.

Show the 20 earlier steps
  1. HouseFiled with the Clerk by Rep. Edgar Gonzalez, Jr.
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  5. CommitteeDo Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000 · House Financial Institutions & Licensing
  6. HousePlaced on Calendar 2nd Reading - Short Debate
  7. HouseSecond Reading - Short Debate
  8. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  9. HouseThird Reading - Short Debate - Passed 108-000-000
  10. SenateArrive in Senate
  11. SenatePlaced on Calendar Order of First Reading
  12. SenateChief Senate Sponsor Sen. Ram Villivalam
  13. SenateFirst Reading
  14. CommitteeReferred to Assignments · Senate Assignments
  15. CommitteeAssigned to Financial Institutions · Senate Financial Institutions
  16. CommitteeDo Pass Financial Institutions; 007-000-000 · Senate Financial Institutions
  17. SenatePlaced on Calendar Order of 2nd Reading April 27, 2023
  18. SenateSecond Reading
  19. SenatePlaced on Calendar Order of 3rd Reading May 2, 2023
  20. SenateAdded as Alternate Chief Co-Sponsor Sen. Jason Plummer
  1. SenateAdded as Alternate Co-Sponsor Sen. Michael E. Hastings
  2. SenatePlaced on Calendar Order of 3rd Reading ** May 8, 2023
  3. SenateThird Reading - Passed; 056-000-000
  4. HousePassed Both Houses
  5. HouseSent to the Governor
  6. HouseGovernor Approved
  7. HouseEffective Date July 28, 2023
  8. HousePublic Act . . . . . . . . . 103-0322

Roll calls

4 recorded votes: 2 on the floor, 2 in committee. Each shows how every member voted.

Third Reading · Full House

Passed 108–0
Mar 23, 2023 · journal entry
Yes 108 No 0 Not voting 9
Democrats: 71 yes, 0 no Republicans: 37 yes, 0 no
How each member voted

Yes · 108

Absent · 1

Excused · 8

Third Reading · Full Senate

Passed 56–0
May 11, 2023 · journal entry
Yes 56 No 0 Not voting 3
Democrats: 37 yes, 0 no Republicans: 19 yes, 0 no
How each member voted

Yes · 56

Not voting · 3

Committee and other votes

DateWhereQuestionResult
Mar 7, 2023 House Financial Institutions & Licensing Financial Institutions & Licensing - Do Pass
Members

Yes · 12

 Passed 12–0
Apr 25, 2023 Senate Financial Institutions Financial Institutions - Do Pass
Members

Yes · 7

Not voting · 1

 7–0

Sponsors

The member who introduced it, joined by 2 cosponsors: 1 Republican, 1 Democrat.

All 2 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.