---
type: "Bill"
title: "MORTGAGE ESCROW-COMPLIANCE"
description: "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."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "103rd"
identifier: "HB 2717"
citation: "Illinois HB 2717 (103rd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Edgar González, Jr.", "Ram Villivalam"]
version_count: 3
action_count: 28
vote_count: 4
first_action: "2023-02-15"
last_action: "2023-07-28"
source: "openstates"
source_identifier: "ocd-bill/4102b27c-98eb-4ed9-bd00-3c948bb4a374"
source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=2717&GAID=17&DocTypeID=HB&LegId=147840&SessionID=112"
source_hash: "a950663f8e9306b2118efe98bfdc01b449003365a34d12e1b14d9a58157d6d7e"
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 HB 2717 (103rd) — MORTGAGE ESCROW-COMPLIANCE

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.

## Version chain

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

1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB2717.pdf)
2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB2717eng.pdf)
3. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB2717enr.pdf)

## Votes

- Financial Institutions — **7–0** (pass) · lower
- Third Reading — **108–0** (pass) · lower
- Financial Institutions & Licensing — **12–0** (pass) · lower
- Third Reading — **56–0** (pass) · lower

## Sponsors

- Edgar González, Jr. — primary (person)
- Ram Villivalam — primary (person)
- Jason Plummer — cosponsor (person)
- Michael E. Hastings — cosponsor (person)

## Timeline

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

- **2023-02-15** Filed with the Clerk by Rep. Edgar González, Jr. `filing`
- **2023-02-16** First Reading `reading-1`
- **2023-02-16** Referred to Rules Committee
- **2023-02-28** Assigned to Financial Institutions and Licensing Committee `referral-committee`
- **2023-03-07** Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000
- **2023-03-08** Placed on Calendar 2nd Reading - Short Debate `reading-2`
- **2023-03-15** Second Reading - Short Debate `reading-2`
- **2023-03-15** Placed on Calendar Order of 3rd Reading - Short Debate
- **2023-03-23** Third Reading - Short Debate - Passed 108-000-000 `passage, reading-3`
- **2023-03-27** Arrive in Senate `introduction`
- **2023-03-27** Placed on Calendar Order of First Reading `reading-1`
- **2023-03-27** Chief Senate Sponsor Sen. Ram Villivalam
- **2023-03-27** First Reading `reading-1`
- **2023-03-27** Referred to Assignments
- **2023-04-18** Assigned to Financial Institutions `referral-committee`
- **2023-04-26** Do Pass Financial Institutions; 007-000-000
- **2023-04-26** Placed on Calendar Order of 2nd Reading April 27, 2023 `reading-2`
- **2023-04-27** Second Reading `reading-2`
- **2023-04-27** Placed on Calendar Order of 3rd Reading May 2, 2023
- **2023-04-28** Added as Alternate Chief Co-Sponsor Sen. Jason Plummer
- **2023-05-04** Added as Alternate Co-Sponsor Sen. Michael E. Hastings
- **2023-05-05** Placed on Calendar Order of 3rd Reading ** May 8, 2023
- **2023-05-11** Third Reading - Passed; 056-000-000 `passage, reading-3`
- **2023-05-11** Passed Both Houses
- **2023-06-09** Sent to the Governor `executive-receipt`
- **2023-07-28** Governor Approved `executive-signature`
- **2023-07-28** Effective Date July 28, 2023
- **2023-07-28** Public Act . . . . . . . . . 103-0322 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4102b27c-98eb-4ed9-bd00-3c948bb4a374`. Confidence: reported (aggregated from official Illinois legislature records).