FAIR LEN-HIG RISK HOME ACT-DEF Senate SponsorsSen. William R. Haine 1/9/2007SenateSession Sine Die 815 ILCS 120/2from Ch. 17, par. 852815 ILCS 137/10Amends the Illinois Fairness in Lending Act. Provides that "equity stripping" and "loan flipping" shall only include loans that qualify as high risk home loans. Amends the High Risk Home Loan Act. Provides that "points and fees" does not include: (i) fees paid to the Veterans Administration required by law; (ii) fees paid to the Federal Housing Administration required by law; (iii) fees paid for private mortgage insurance; or (iv) all fees paid to a mortgage broker by a lender if the loan is less than $50,000, or 50% of fees paid to a mortgage broker by a lender if the loan is between $50,000 and $100,000. 2/3/2005SenateFiled with Secretary by Sen. William R. Haine 2/3/2005SenateFirst Reading 2/3/2005SenateReferred to Rules 2/17/2005SenateAssigned to Financial Institutions 2/23/2005SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine 2/23/2005SenateSenate Committee Amendment No. 1 Referred to Rules 2/24/2005SenatePostponed - Financial Institutions 3/8/2005SenateSenate Committee Amendment No. 1 Rules Refers to Financial Institutions 3/10/2005SenatePostponed - Financial Institutions 3/16/2005SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. William R. Haine 3/16/2005SenateSenate Committee Amendment No. 2 Referred to Rules 3/17/2005SenateSenate Committee Amendment No. 1 Postponed - Financial Institutions 3/17/2005SenateDo Pass Financial Institutions; 008-000-000 3/17/2005SenatePlaced on Calendar Order of 2nd Reading April 6, 2005 3/18/2005SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules 4/11/2005SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. William R. Haine 4/11/2005SenateSenate Floor Amendment No. 3 Referred to Rules 4/13/2005SenateSecond Reading 4/13/2005SenatePlaced on Calendar Order of 3rd Reading April 14, 2005 4/15/2005SenateRule 2-10 Third Reading Deadline Extended to May 31, 2005 5/31/2005SenateRule 2-10 Third Reading Deadline Extended to December 31, 2005 7/1/2005SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 11/4/2005SenateRule 2-10 Third Reading Deadline Extended to January 9, 2007 1/9/2007SenateSession Sine Die