Illinois House Bill 2325

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 7-0)
Status: Passed on June 30 2023 - 100% progression
Action: 2023-06-30 - Public Act . . . . . . . . . 103-0156
Text: Latest bill text (Chaptered) [HTML]

Amends the Residential Mortgage License Act of 1987. Provides that each full service office (rather than office, place of business, or location) at which a residential mortgage licensee conducts any part of his or her business must be recorded with the Secretary of Financial and Professional Regulation. Provides that licensees may allow mortgage loan originators to work from a remote location if specified conditions are met. Provides that "full service office" does not include a remote location. Defines "remote location".

MORTGAGE LOANS-REMOTE LOCATION

Rep. Margaret Croke [D]	Rep. Maurice West [D]	Rep. Dagmara Avelar [D]	Rep. Marcus Evans [D]
Sen. Mark Walker [D]	Sen. Laura Ellman [D]	Sen. Michael Hastings [D]

2023-05-11 - Senate - Motion in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
2023-03-21 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2023-06-30	House	Public Act . . . . . . . . . 103-0156
2023-06-30	House	Effective Date January 1, 2024
2023-06-30	House	Governor Approved
2023-06-09	House	Sent to the Governor
2023-05-11	House	Passed Both Houses
2023-05-11	Senate	Third Reading - Passed; 056-000-000
2023-05-05	Senate	Placed on Calendar Order of 3rd Reading ** May 8, 2023
2023-05-04	Senate	Added as Alternate Co-Sponsor Sen. Michael E. Hastings
2023-04-27	Senate	Placed on Calendar Order of 3rd Reading May 2, 2023
2023-04-27	Senate	Second Reading
2023-04-26	Senate	Placed on Calendar Order of 2nd Reading April 27, 2023
2023-04-26	Senate	Do Pass Financial Institutions; 008-000-000
2023-04-12	Senate	Assigned to Financial Institutions
2023-03-22	Senate	Referred to Assignments
2023-03-22	Senate	First Reading
2023-03-22	Senate	Chief Senate Sponsor Sen. Laura Ellman
2023-03-22	Senate	Placed on Calendar Order of First Reading
2023-03-22	Senate	Arrive in Senate
2023-03-21	House	Third Reading - Short Debate - Passed 112-000-000
2023-03-15	House	Added Chief Co-Sponsor Rep. Mark L. Walker
2023-03-15	House	Added Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
2023-03-15	House	Added Chief Co-Sponsor Rep. Dagmara Avelar
2023-03-15	House	Added Chief Co-Sponsor Rep. Maurice A. West, II
2023-03-14	House	Placed on Calendar Order of 3rd Reading - Short Debate
2023-03-14	House	Second Reading - Short Debate
2023-03-07	House	Removed Co-Sponsor Rep. Marcus C. Evans, Jr.
2023-03-07	House	Added Co-Sponsor Rep. Marcus C. Evans, Jr.
2023-03-06	House	Removed Co-Sponsor Rep. Dagmara Avelar
2023-03-06	House	Added Co-Sponsor Rep. Dagmara Avelar
2023-03-01	House	Placed on Calendar 2nd Reading - Short Debate
2023-02-28	House	Removed Co-Sponsor Rep. Maurice A. West, II
2023-02-28	House	Do Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000
2023-02-28	House	Added Co-Sponsor Rep. Maurice A. West, II
2023-02-21	House	Assigned to Financial Institutions and Licensing Committee
2023-02-14	House	Referred to Rules Committee
2023-02-14	House	First Reading
2023-02-14	House	Filed with the Clerk by Rep. Margaret Croke

Chapter	Article	Section	Citation Type	Statute Text
205	635	1-3	Amended Code	Citation Text
205	635	1-4	Amended Code	Citation Text
205	635	3-11	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2325&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB2325.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB2325eng.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB2325enr.htm
Text	https://www.ilga.gov/legislation/publicacts/103/103-0156.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300HB2325_03212023_014000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/senate/10300HB2325_05112023_001043.pdf