For additional roll call votes on Illinois SB3551 please see the Vote List

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Bill Title: Amends the Residential Mortgage License Act of 1987. Provides that, prior to taking any legally binding action on a shared appreciation agreement, the borrower or borrowers shall be provided specified counseling regardless of the county in which the property is located. Provides that the borrower may not waive counseling. Provides that the Secretary of Financial and Professional Regulation may adopt rules relating to shared appreciation agreements. Defines "shared appreciation agreement", and includes shared appreciation agreements within the definition of "mortgage loan", "residential mortgage loan", or "home mortgage loan". Defines "shared appreciation agreement" as a writing evidencing a transaction or any option, future, or any other derivative between a person and a consumer is which the consumer receives money or any other item of value in exchange for an interest or future interest in a dwelling or residential real estate or a future obligation to repay a sum on the occurrence of an event, such as (i) the transfer of ownership, (ii) a repayment maturity date, (iii) the death of the consumer, or (iv) any other event contemplated by the writing. Amends the Residential Real Property Disclosure Act. Defines "counseling". Effective immediately.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Enrolled) 2024-06-21 - Sent to the Governor [SB3551 Detail]

Text: Latest bill text (Enrolled) [HTML]

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Vote: Third Reading in House

Vote	Tally	Democrat	Republican
Yea	110	71	39
Nay	-	-	-
Not Voting	1	1	-
Absent	-	-	-
TOTAL	111	72	39

Result: Passed

Name	Yea	Nay	NV	Absent	Financial	Encyclopedia	Biography
Rep. Ammons, Carol [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Avelar, Dagmara "Dee" [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Benton, Harry [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Blair-Sherlock, Diane [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Buckner, Kambium "Kam" [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Bunting, Jason [R]					FollowTheMoney	Ballotpedia	N/A
Rep. Burke, Kelly M. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Cabello, John M. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Canty, Mary Beth [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Cassidy, Kelly M. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Caulkins, Dan [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Chung, Sharon [D]					FollowTheMoney	Ballotpedia	N/A
Rep. Coffey Jr., Michael "Mike" J. [R]					FollowTheMoney	Ballotpedia	N/A
Rep. Costa Howard, Terra [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Crespo, Fred [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Croke, Margaret Noble [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Davidsmeyer, Christopher "CD" D. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Davis, Jed [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Davis, William "Will" [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. DeLuca, Anthony [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Faver Dias, Laura [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Didech, Daniel [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Dina Delgado, Eva [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Du Buclet, Kimberly [D]					N/A	Ballotpedia	N/A
Rep. Elik, Amy [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Evans Jr., Marcus C. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Ford, LaShawn K. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Frese, Randy E. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Friess, David [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Fritts Brad, Bradley J. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Gabel, Robyn [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Gill, Mary [D]					N/A	N/A	N/A
Rep. Gong-Gershowitz, Jennifer [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Gonzalez Jr., Edgar [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Gordon-Booth, Jehan A. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Grant, Amy L. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Guerrero-Cuellar, Angelica J. [D]					N/A	Ballotpedia	VoteSmart
Rep. Guzzardi, Will [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Haas, Jackie [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Halbrook, Brad [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Hammond, Norine K. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Hanson, Matt [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Harper, Sonya M. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Hauter, William "Bill" E. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Hernandez, Barbara [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Hernandez, Elizabeth "Lisa" [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Hernandez, Norma [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Hirschauer, Maura [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Hoffman, Jay C. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Huynh, Hoan [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Jacobs, Paul [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Jimenez, Lilian [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Johnson, Gregg [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Katz Muhl, Tracy [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Keicher, Jeff [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Kelly, Michael J. [D]					N/A	Ballotpedia	VoteSmart
Rep. Kifowit, Stephanie A. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. La Ha, Nicole [R]					N/A	Ballotpedia	VoteSmart
Rep. Ladisch Douglass, Jenn [D]					FollowTheMoney	Ballotpedia	N/A
Rep. LaPointe, Lindsey [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Lilly, Camille [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Mah, Theresa [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Manley, Natalie A. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Mason, Joyce [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Mayfield, Rita [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. McCombie, Tony M. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. McLaughlin, Martin [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Meier, Charles E. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Meyers-Martin, Debbie [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Miller, Chris [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Moeller, Anna [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Morgan, Bob [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Morris, Yolonda [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Moylan, Martin J. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Mussman, Michelle [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Ness, Suzanne M. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Niemerg, Adam M. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Olickal, Kevin John [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Ortiz, Aaron M. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Rashid, Abdelnasser [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Reick, Steven [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Rita, Robert "Bob" [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Sanalitro, Jennifer [R]					FollowTheMoney	Ballotpedia	N/A
Rep. Scherer, Sue [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Schmidt, Kevin [R]					FollowTheMoney	Ballotpedia	N/A
Rep. Schweizer, Brandun [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Severin, Dave [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Sheehan, Patrick [R]					FollowTheMoney	Ballotpedia	N/A
Rep. Slaughter, Justin D. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Smith Jr., Nicholas "Nick" K. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Sosnowski, Joe C. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Spain, Ryan [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Stava-Murray, Anne M. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Stephens, Bradley "Brad" [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Stuart, Katie [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Swanson, Daniel "Dan" M. [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Syed, Nabeela [D]					FollowTheMoney	Ballotpedia	N/A
Rep. Tarver II, Curtis J. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Tipsword Jr., Dennis [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Ugaste, Dan [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Vella, Dave [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Walsh Jr., Lawrence M. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Weaver, Travis [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Weber, Tom [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Welch, Emanuel "Chris" [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. West II, Maurice A. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Wilhour, Blaine [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Williams, Ann M. [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Williams, Jawaharial [D]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Windhorst, Patrick [R]					FollowTheMoney	Ballotpedia	VoteSmart
Rep. Yednock, Lance [D]					FollowTheMoney	Ballotpedia	VoteSmart