IL HB0856 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Residential Mortgage Licensing Act of 1987. Provides that whenever a licensee seeks to transfer or sell the servicing of a residential mortgage, the licensee must retain a 25% interest in the servicing of the residential mortgage. Effective immediately.
Title
RMLA-SERVICING TRANSFERS
Sponsors
| Rep. Kevin Joyce [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-03-13 | Rule 19(a) / Re-referred to Rules Committee | |
| 2009-03-10 | Remains in Financial Institutions Committee | |
| 2009-03-10 | Motion Do Pass as Amended - Lost Financial Institutions Committee; 003-013-000 | |
| 2009-03-10 | House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote | |
| 2009-03-10 | House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee | |
| 2009-02-18 | Assigned to Financial Institutions Committee | |
| 2009-02-10 | Referred to Rules Committee | |
| 2009-02-10 | First Reading | |
| 2009-02-09 | Filed with the Clerk by Rep. Kevin Joyce |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=856&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB0856.htm |
