IL HB4011 | 2009-2010 | 96th General Assembly
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on July 31 2009 - 100% progression
Action: 2009-07-31 - Public Act . . . . . . . . . 96-0112
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on July 31 2009 - 100% progression
Action: 2009-07-31 - Public Act . . . . . . . . . 96-0112
Text: Latest bill text (Enrolled) [HTML]
Summary
Amends the Residential Mortgage License Act of 1987. States the purpose of the State's participation in the Nationwide Mortgage Licensing System and Registry. Contains provisions concerning (1) the application process, (2) the application form, and (3) averments of a licensee. Contains provisions concerning license issuance and renewal, including fees. Specifies the office and staff requirements for licensees. Provides that the Commissioner of Banks and Real Estate may enter into agreements in connection with the Nationwide Mortgage Licensing System and Registry. Prohibits the Commissioner from specified activities. Contains provisions concerning the suspension and revocation of licenses. Provides that the Director of the Division of Banking of the Department of Financial and Professional Regulation shall have additional investigation and examination authority. Contains provisions concerning the confidentiality of information associated with the Registry. Contains provisions concerning a mortgage loan originator license, its application, and issuance procedures. Contains provisions concerning pre-licensing education and testing of mortgage loan originators. Contains provisions concerning (1) license renewal standards and (2) continuing education of mortgage loan originators. Contains provisions concerning the duties, processes, discipline, bond requirements, and prohibited acts with respect to the Registry and mortgage loan originators. Makes other changes. Contains a severability clause. Effective immediately.
Title
MORTGAGE LOAN ORIGINATORS
Sponsors
Roll Calls
2009-05-30 - House - Concurrence in House (Y: 117 N: 0 NV: 0 Abs: 0) [PASS]
2009-05-19 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 2 Abs: 0) [PASS]
2009-04-02 - House - Third Reading in House (Y: 115 N: 0 NV: 1 Abs: 0) [PASS]
2009-05-19 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 2 Abs: 0) [PASS]
2009-04-02 - House - Third Reading in House (Y: 115 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2009-07-31 | Public Act . . . . . . . . . 96-0112 | |
| 2009-07-31 | Effective Date July 31, 2009 | |
| 2009-07-31 | Governor Approved | |
| 2009-06-26 | Sent to the Governor | |
| 2009-05-30 | Passed Both Houses | |
| 2009-05-30 | Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins | |
| 2009-05-30 | Senate Floor Amendment No. 3 House Concurs 117-000-000 | |
| 2009-05-30 | Senate Committee Amendment No. 2 House Concurs 117-000-000 | |
| 2009-05-26 | Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000 | |
| 2009-05-26 | Senate Committee Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000 | |
| 2009-05-19 | Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee | |
| 2009-05-19 | Senate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee | |
| 2009-05-19 | Senate Floor Amendment No. 3 Motion Filed Concur Rep. Marlow H. Colvin | |
| 2009-05-19 | Senate Committee Amendment No. 2 Motion Filed Concur Rep. Marlow H. Colvin | |
| 2009-05-19 | Placed on Calendar Order of Concurrence Senate Amendment(s) 2, 3 | |
| 2009-05-19 | Arrived in House | |
| 2009-05-19 | Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) | |
| 2009-05-19 | Third Reading - Passed; 057-000-001 | |
| 2009-05-19 | Placed on Calendar Order of 3rd Reading | |
| 2009-05-19 | Senate Floor Amendment No. 3 Adopted; Raoul | |
| 2009-05-19 | Recalled to Second Reading | |
| 2009-05-18 | Senate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 010-000-000 | |
| 2009-05-18 | Senate Floor Amendment No. 3 Assignments Refers to Financial Institutions | |
| 2009-05-17 | Senate Floor Amendment No. 3 Referred to Assignments | |
| 2009-05-17 | Senate Floor Amendment No. 3 Filed with Secretary by Sen. Kwame Raoul | |
| 2009-05-15 | Placed on Calendar Order of 3rd Reading May 17, 2009 | |
| 2009-05-15 | Second Reading | |
| 2009-05-08 | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments | |
| 2009-05-07 | Placed on Calendar Order of 2nd Reading May 12, 2009 | |
| 2009-05-07 | Do Pass as Amended Financial Institutions; 011-000-000 | |
| 2009-05-07 | Senate Committee Amendment No. 2 Adopted | |
| 2009-05-07 | Senate Committee Amendment No. 1 Held in Financial Institutions | |
| 2009-05-06 | Senate Committee Amendment No. 2 Assignments Refers to Financial Institutions | |
| 2009-05-06 | Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions | |
| 2009-05-06 | Senate Committee Amendment No. 2 Referred to Assignments | |
| 2009-05-06 | Senate Committee Amendment No. 2 Filed with Secretary by Sen. Kwame Raoul | |
| 2009-05-05 | Senate Committee Amendment No. 1 Referred to Assignments | |
| 2009-05-05 | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul | |
| 2009-04-30 | Held in Financial Institutions | |
| 2009-04-22 | Alternate Chief Sponsor Changed to Sen. Kwame Raoul | |
| 2009-04-22 | Assigned to Financial Institutions | |
| 2009-04-15 | Referred to Assignments | |
| 2009-04-15 | First Reading | |
| 2009-04-15 | Added as Alternate Chief Co-Sponsor Sen. Don Harmon | |
| 2009-04-15 | Chief Senate Sponsor Sen. John J. Cullerton | |
| 2009-04-15 | Placed on Calendar Order of First Reading | |
| 2009-04-15 | Arrive in Senate | |
| 2009-04-02 | Third Reading - Short Debate - Passed 115-000-000 | |
| 2009-04-01 | Placed on Calendar Order of 3rd Reading - Short Debate | |
| 2009-04-01 | House Floor Amendment No. 1 Adopted by Voice Vote | |
| 2009-04-01 | Recalled to Second Reading - Short Debate | |
| 2009-03-31 | House Floor Amendment No. 1 Recommends Be Adopted Business & Occupational Licenses Committee; 009-000-000 | |
| 2009-03-30 | House Floor Amendment No. 1 Rules Refers to Business & Occupational Licenses Committee | |
| 2009-03-26 | House Floor Amendment No. 1 Referred to Rules Committee | |
| 2009-03-26 | House Floor Amendment No. 1 Filed with Clerk by Rep. Marlow H. Colvin | |
| 2009-03-19 | Placed on Calendar Order of 3rd Reading - Short Debate | |
| 2009-03-19 | Second Reading - Short Debate | |
| 2009-03-12 | Added Chief Co-Sponsor Rep. Deborah L. Graham | |
| 2009-03-12 | Added Chief Co-Sponsor Rep. Angelo Saviano | |
| 2009-03-12 | Placed on Calendar 2nd Reading - Short Debate | |
| 2009-03-11 | Do Pass / Short Debate Business & Occupational Licenses Committee; 013-000-000 | |
| 2009-03-03 | Assigned to Business & Occupational Licenses Committee | |
| 2009-02-26 | Referred to Rules Committee | |
| 2009-02-26 | First Reading | |
| 2009-02-26 | Filed with the Clerk by Rep. Marlow H. Colvin |
