Fabio
103 lines
6.5 KiB
Markdown
103 lines
6.5 KiB
Markdown
---
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type: "Bill"
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title: "MORT INSURANCE-OVERINSURANCE"
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description: "Amends the Mortgage Insurance Limitation and Notification Act. Prohibits a lender from requiring a borrower, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the real property. Requires the lender to disclose to the borrower, in writing, that the borrower is not required to have hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the real property. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "93rd"
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identifier: "SB 3077"
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citation: "Illinois SB 3077 (93rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 42
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vote_count: 3
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first_action: "2004-02-06"
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last_action: "2004-08-24"
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source: "openstates"
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source_identifier: "ocd-bill/03a1c65b-d139-4b36-82e9-4cc95b6b9b8c"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=3077&GAID=3&DocTypeID=SB&LegId=10248&SessionID=3&GA=93"
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source_hash: "6caa978cbbbbf1c6441aa5927a74d8a77c9d53048673d4f66f6488474512c866"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 3077 (93rd) — MORT INSURANCE-OVERINSURANCE
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Amends the Mortgage Insurance Limitation and Notification Act. Prohibits a lender from requiring a borrower, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the real property. Requires the lender to disclose to the borrower, in writing, that the borrower is not required to have hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the real property. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB3077&GA=93&SessionId=3&DocTypeId=SB&LegID=10248&DocNum=3077&GAID=3&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB3077eng&GA=93&SessionId=3&DocTypeId=SB&LegID=10248&DocNum=3077&GAID=3&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB3077enr&GA=93&SessionId=3&DocTypeId=SB&LegID=10248&DocNum=3077&GAID=3&Session=&print=true)
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## Votes
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- Concurrence — **46–0** (pass) · upper
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- Third Reading — **56–0** (pass) · upper
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- Third Reading — **115–0** (pass) · lower
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## Sponsors
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- Bill Brady — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2004-02-06** Filed with Secretary by Sen. Bill Brady `filing`
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- **2004-02-06** First Reading `reading-1`
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- **2004-02-06** Referred to Rules `referral-committee`
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- **2004-02-18** Assigned to Insurance & Pensions `referral-committee`
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- **2004-02-24** Do Pass Insurance & Pensions; 009-000-000 `committee-passage`
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- **2004-02-24** Placed on Calendar Order of 2nd Reading February 25, 2004
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- **2004-02-25** Second Reading `reading-2`
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- **2004-02-25** Placed on Calendar Order of 3rd Reading February 26, 2004
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- **2004-03-23** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Bill Brady `amendment-introduction`
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- **2004-03-23** Senate Floor Amendment No. 1 Referred to Rules `referral-committee`
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- **2004-03-26** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2004-03-26** Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
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- **2004-03-26** Arrived in House `introduction`
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- **2004-03-26** Placed on Calendar Order of First Reading `reading-1`
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- **2004-03-30** Chief House Sponsor Rep. Carole Pankau
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- **2004-03-30** First Reading `reading-1`
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- **2004-03-30** Referred to Rules Committee `referral-committee`
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- **2004-05-11** Assigned to Consumer Protection Committee `referral-committee`
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- **2004-05-14** Committee/3rd Reading Deadline Extended-Rule 9(b) May 31, 2004
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- **2004-05-18** House Committee Amendment No. 1 Filed with Clerk by Consumer Protection Committee `amendment-introduction`
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- **2004-05-18** House Committee Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote `amendment-passage`
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- **2004-05-18** Do Pass as Amended / Short Debate Consumer Protection Committee; 008-000-000 `committee-passage`
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- **2004-05-18** Placed on Calendar 2nd Reading - Short Debate
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- **2004-05-18** Added Alternate Chief Co-Sponsor Rep. Eddie Washington
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- **2004-05-18** Added Alternate Chief Co-Sponsor Rep. Sandra M. Pihos
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- **2004-05-20** Second Reading - Short Debate `reading-2`
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- **2004-05-20** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2004-05-26** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage`
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- **2004-05-26** Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
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- **2004-05-26** Added Alternate Chief Co-Sponsor Rep. Renee Kosel
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- **2004-05-26** Secretary's Desk - Concurrence House Amendment(s) 01
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- **2004-05-26** Placed on Calendar Order of Concurrence House Amendment(s) 01 - May 27, 2004.
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- **2004-05-28** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Bill Brady `filing`
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- **2004-05-28** House Committee Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
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- **2004-05-28** House Committee Amendment No. 1 Motion to Concur Rules Referred to Insurance & Pensions `referral-committee`
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- **2004-05-29** House Committee Amendment No. 1 Motion to Concur Be Adopted Insurance & Pensions; 010-000-000
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- **2004-05-29** House Committee Amendment No. 1 Senate Concurs 046-000-000
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- **2004-05-29** Passed Both Houses
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- **2004-06-25** Sent to the Governor `executive-receipt`
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- **2004-08-24** Governor Approved `executive-signature`
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- **2004-08-24** Effective Date August 24, 2004
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- **2004-08-24** Public Act . . . . . . . . . 93-1021 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/03a1c65b-d139-4b36-82e9-4cc95b6b9b8c`. Confidence: reported (aggregated from official Illinois legislature records).
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