Carol Stream, IL – On Friday, Governor JB Pritzker signed into law legislation sponsored by State Representative Jennifer Sanalitro (R-Bloomingdale) that protects homeowners from deceptive mortgage marketing practices.
Under the legislation, no person can send marketing materials to a consumer indicating that they are connected to the consumer’s mortgage company, unless they are employed by the mortgage company directly or are an affiliate. Any marketing materials from a mortgage company not connected to the consumer’s mortgage company must comply with specific requirements laid out in the legislation.
Rep Sanalitro said, “I’m glad Governor Pritzker signed my bill that protects seniors and those susceptible to scrupulous marketing tactics from financial companies. Specifically, this bill offers essential protections to prospective home buyers who may not be familiar with the home buying process and seniors who are more susceptible to deceptive marketing material of all kinds.”
Rep Sanalitro continued, “I hope my career in the General Assembly is filled with bipartisan legislation, such as this, that protects vulnerable consumers from nefarious business practices.”
Rep. Sanalitro is the State Representative for House District 48, which includes the communities of Addison, Bensenville, Bloomingdale, Carol Stream, Elk Grove, Hanover Park, Itasca, Medinah, Roselle, Schaumburg, and Wood Dale in suburban DuPage and Cook counties.