Fabio
93 lines
4.7 KiB
Markdown
93 lines
4.7 KiB
Markdown
---
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type: "Bill"
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title: "HIGH RISK LOAN PREPAYMENT"
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description: "Amends the High Risk Home Loan Act. Provides that the term \"high risk home loan\" includes certain loans that exceed an amount established by federal regulation. Defines the terms \"prepayment penalty\" and \"prepayment fees or penalties\". Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "99th"
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identifier: "SB 1942"
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citation: "Illinois SB 1942 (99th)"
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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: 32
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vote_count: 2
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first_action: "2015-02-20"
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last_action: "2015-08-05"
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source: "openstates"
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source_identifier: "ocd-bill/500edcd3-e856-4b7b-86a3-ccffc78fba71"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1942&GAID=13&DocTypeID=SB&LegId=88817&SessionID=88&GA=99"
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source_hash: "51cc863ea090d726283e89707851baf598b7bfe69e98ef2b8e196b037389413f"
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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 1942 (99th) — HIGH RISK LOAN PREPAYMENT
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Amends the High Risk Home Loan Act. Provides that the term "high risk home loan" includes certain loans that exceed an amount established by federal regulation. Defines the terms "prepayment penalty" and "prepayment fees or penalties". 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=09900SB1942&GA=99&SessionId=88&DocTypeId=SB&LegID=88817&DocNum=1942&GAID=13&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB1942eng&GA=99&SessionId=88&DocTypeId=SB&LegID=88817&DocNum=1942&GAID=13&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB1942enr&GA=99&SessionId=88&DocTypeId=SB&LegID=88817&DocNum=1942&GAID=13&Session=&print=true)
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## Votes
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- Third Reading — **113–0** (pass) · lower
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- Third Reading — **43–0** (pass) · upper
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## Sponsors
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- Camille Y. Lilly — cosponsor (person)
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- Michael E. Hastings — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2015-02-20** Filed with Secretary by Sen. Michael E. Hastings `filing`
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- **2015-02-20** First Reading `reading-1`
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- **2015-02-20** Referred to Assignments `referral-committee`
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- **2015-03-11** Assigned to Financial Institutions `referral-committee`
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- **2015-03-19** Added as Co-Sponsor Sen. Pamela J. Althoff
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- **2015-03-25** Do Pass Financial Institutions; 011-000-000 `committee-passage`
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- **2015-03-25** Placed on Calendar Order of 2nd Reading March 26, 2015
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- **2015-04-15** Second Reading `reading-2`
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- **2015-04-15** Placed on Calendar Order of 3rd Reading April 16, 2015
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- **2015-04-16** Third Reading - Passed; 043-000-000 `reading-3, passage`
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- **2015-04-16** Arrived in House `introduction`
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- **2015-04-16** Chief House Sponsor Rep. Marcus C. Evans, Jr.
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- **2015-04-16** First Reading `reading-1`
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- **2015-04-16** Referred to Rules Committee `referral-committee`
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- **2015-04-27** Assigned to Financial Institutions Committee `referral-committee`
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- **2015-05-08** Committee Deadline Extended-Rule 9(b) May 15, 2015
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- **2015-05-14** Do Pass / Short Debate Financial Institutions Committee; 021-000-000 `committee-passage`
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- **2015-05-14** Placed on Calendar 2nd Reading - Short Debate
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- **2015-05-15** Added Alternate Chief Co-Sponsor Rep. Cynthia Soto
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- **2015-05-15** Added Alternate Chief Co-Sponsor Rep. Adam Brown
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- **2015-05-15** Added Alternate Chief Co-Sponsor Rep. Arthur Turner
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- **2015-05-15** Added Alternate Chief Co-Sponsor Rep. C.D. Davidsmeyer
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- **2015-05-20** Second Reading - Short Debate `reading-2`
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- **2015-05-20** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2015-05-22** Final Action Deadline Extended-9(b) May 31, 2015
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- **2015-05-29** Third Reading - Short Debate - Passed 113-000-001 `reading-3, passage`
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- **2015-05-29** Added Alternate Co-Sponsor Rep. Camille Y. Lilly
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- **2015-05-29** Passed Both Houses
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- **2015-06-26** Sent to the Governor `executive-receipt`
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- **2015-08-05** Governor Approved `executive-signature`
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- **2015-08-05** Effective Date August 5, 2015
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- **2015-08-05** Public Act . . . . . . . . . 99-0288 `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/500edcd3-e856-4b7b-86a3-ccffc78fba71`. Confidence: reported (aggregated from official Illinois legislature records).
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