---
type: "Bill"
title: "MORTGAGE RESCUE FRAUD ACT"
description: "Creates the Mortgage Rescue Fraud Act. Outlines the terms that must be contained in a distressed property consultant contract and a distressed property reconveyance contract. Provides notice requirements for a distressed property consultant contract. Provides the right to cancel a distressed property consultant contract at any time until after the distressed property consultant has fully performed each contracted service. Provides the owner of the distressed property has a right to cancel a distressed property reconveyance contract at any time until midnight of the fifth business day following the day on which the owner of the distressed property signs the contract or until 8:00 a.m. on the last day of the period during which the owner of the distressed property has a right of redemption. Lists actions that constitute a violation of the Act. Provides for civil remedies for violation of the Act. Provides that a person who commits an intentional violation of one of the listed violations of the Act commits criminal mortgage rescue fraud. Provides criminal penalties for a person who commits criminal mortgage rescue fraud. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that a violation of the Mortgage Rescue Fraud Act is a violation of the Consumer Fraud and Deceptive Business Practices Act. Effective January 1, 2007."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "94th"
identifier: "SB 2349"
citation: "Illinois SB 2349 (94th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 72
vote_count: 4
first_action: "2006-01-18"
last_action: "2006-06-01"
source: "openstates"
source_identifier: "ocd-bill/3e363626-5a1c-4660-86ac-81fffc38d2c6"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2349&GAID=8&DocTypeID=SB&LegId=23053&SessionID=50&GA=94"
source_hash: "a906a7ae1b8154cb6dd9d291aa6690641410c16081793ea39084bd213af74be2"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois SB 2349 (94th) — MORTGAGE RESCUE FRAUD ACT

Creates the Mortgage Rescue Fraud Act. Outlines the terms that must be contained in a distressed property consultant contract and a distressed property reconveyance contract. Provides notice requirements for a distressed property consultant contract. Provides the right to cancel a distressed property consultant contract at any time until after the distressed property consultant has fully performed each contracted service. Provides the owner of the distressed property has a right to cancel a distressed property reconveyance contract at any time until midnight of the fifth business day following the day on which the owner of the distressed property signs the contract or until 8:00 a.m. on the last day of the period during which the owner of the distressed property has a right of redemption. Lists actions that constitute a violation of the Act. Provides for civil remedies for violation of the Act. Provides that a person who commits an intentional violation of one of the listed violations of the Act commits criminal mortgage rescue fraud. Provides criminal penalties for a person who commits criminal mortgage rescue fraud. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that a violation of the Mortgage Rescue Fraud Act is a violation of the Consumer Fraud and Deceptive Business Practices Act. Effective January 1, 2007.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB2349&GA=94&SessionId=50&DocTypeId=SB&LegID=23053&DocNum=2349&GAID=8&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB2349eng&GA=94&SessionId=50&DocTypeId=SB&LegID=23053&DocNum=2349&GAID=8&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB2349enr&GA=94&SessionId=50&DocTypeId=SB&LegID=23053&DocNum=2349&GAID=8&Session=&print=true)

## Votes

- Third Reading — **81–27** (pass) · lower
- Third Reading — **56–0** (pass) · upper
- Concurrence, Amendment 2 — **51–0** (pass) · upper
- Concurrence — **51–0** (pass) · upper

## Sponsors

- Jacqueline Y. Collins — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2006-01-18** Filed with Secretary by Sen. Jacqueline Y. Collins `filing`
- **2006-01-18** Chief Co-Sponsor Sen. Terry Link
- **2006-01-18** First Reading `reading-1`
- **2006-01-18** Referred to Rules `referral-committee`
- **2006-01-18** Added as Chief Co-Sponsor Sen. Donne E. Trotter
- **2006-01-19** Added as Chief Co-Sponsor Sen. Arthur J. Wilhelmi
- **2006-01-31** Added as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
- **2006-02-01** Added as Co-Sponsor Sen. Ira I. Silverstein
- **2006-02-08** Assigned to Financial Institutions `referral-committee`
- **2006-02-08** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins `amendment-introduction`
- **2006-02-08** Senate Committee Amendment No. 1 Referred to Rules `referral-committee`
- **2006-02-14** Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
- **2006-02-15** Senate Committee Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins `amendment-introduction`
- **2006-02-15** Senate Committee Amendment No. 2 Referred to Rules `referral-committee`
- **2006-02-16** Senate Committee Amendment No. 1 Held in Financial Institutions
- **2006-02-16** Do Pass Financial Institutions; 009-000-000 `committee-passage`
- **2006-02-16** Placed on Calendar Order of 2nd Reading February 22, 2006
- **2006-02-16** Added as Co-Sponsor Sen. Kimberly A. Lightford
- **2006-02-17** Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules `referral-committee`
- **2006-02-24** Senate Floor Amendment No. 3 Filed with Secretary by Sen. Jacqueline Y. Collins `amendment-introduction`
- **2006-02-24** Senate Floor Amendment No. 3 Referred to Rules `referral-committee`
- **2006-02-28** Senate Floor Amendment No. 3 Rules Refers to Financial Institutions
- **2006-03-01** Senate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 008-000-000
- **2006-03-01** Second Reading `reading-2`
- **2006-03-01** Senate Floor Amendment No. 3 Adopted; Collins `amendment-passage`
- **2006-03-01** Placed on Calendar Order of 3rd Reading March 2, 2006
- **2006-03-02** Added as Co-Sponsor Sen. Martin A. Sandoval
- **2006-03-02** Third Reading - Passed; 056-000-000 `reading-3, passage`
- **2006-03-02** Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2006-03-02** Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2006-03-02** Arrived in House `introduction`
- **2006-03-02** Placed on Calendar Order of First Reading `reading-1`
- **2006-03-02** Chief House Sponsor Rep. Marlow H. Colvin
- **2006-03-02** First Reading `reading-1`
- **2006-03-02** Referred to Rules Committee `referral-committee`
- **2006-03-03** Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
- **2006-03-03** Added Alternate Chief Co-Sponsor Rep. Calvin L. Giles
- **2006-03-03** Added Alternate Chief Co-Sponsor Rep. Eddie Washington
- **2006-03-14** Assigned to Consumer Protection Committee `referral-committee`
- **2006-03-23** Alternate Chief Co-Sponsor Removed Rep. Eddie Washington
- **2006-03-24** House Committee Amendment No. 1 Filed with Clerk by Consumer Protection Committee `amendment-introduction`
- **2006-03-24** House Committee Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote `amendment-passage`
- **2006-03-24** Do Pass as Amended / Short Debate Consumer Protection Committee; 008-004-000 `committee-passage`
- **2006-03-24** Placed on Calendar 2nd Reading - Short Debate
- **2006-03-24** Added Alternate Chief Co-Sponsor Rep. Eddie Washington
- **2006-03-24** Added Alternate Chief Co-Sponsor Rep. Deborah L. Graham
- **2006-03-28** House Floor Amendment No. 2 Filed with Clerk by Rep. Marlow H. Colvin `amendment-introduction`
- **2006-03-28** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
- **2006-03-29** House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 `committee-passage-favorable`
- **2006-03-31** Final Action Deadline Extended-9(b) April 7, 2006
- **2006-04-04** Second Reading - Short Debate `reading-2`
- **2006-04-04** House Floor Amendment No. 2 Adopted by Voice Vote `amendment-passage`
- **2006-04-04** Placed on Calendar Order of 3rd Reading - Short Debate
- **2006-04-06** Third Reading - Short Debate - Passed 081-027-007 `reading-3, passage`
- **2006-04-06** Secretary's Desk - Concurrence House Amendment(s) 01,02
- **2006-04-06** Placed on Calendar Order of Concurrence House Amendment(s) 01,02-April 7, 2006
- **2006-04-06** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins `filing`
- **2006-04-06** House Committee Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
- **2006-04-06** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins `filing`
- **2006-04-06** House Floor Amendment No. 2 Motion to Concur Referred to Rules `referral-committee`
- **2006-04-06** House Committee Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions `referral-committee`
- **2006-04-06** House Floor Amendment No. 2 Motion to Concur Rules Referred to Financial Institutions `referral-committee`
- **2006-04-07** House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Financial Institutions; 009-000-000
- **2006-04-07** House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Financial Institutions; 009-000-000
- **2006-04-10** Added as Co-Sponsor Sen. Mattie Hunter
- **2006-04-10** House Committee Amendment No. 1 Senate Concurs 051-000-000
- **2006-04-10** House Floor Amendment No. 2 Senate Concurs 051-000-000
- **2006-04-10** Passed Both Houses
- **2006-05-09** Sent to the Governor `executive-receipt`
- **2006-06-01** Governor Approved `executive-signature`
- **2006-06-01** Effective Date January 1, 2007
- **2006-06-01** Public Act . . . . . . . . . 94-0822 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3e363626-5a1c-4660-86ac-81fffc38d2c6`. Confidence: reported (aggregated from official Illinois legislature records).