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 Bill Status of SB2615  100th General Assembly


Short Description:  MORTGAGE LOAN ADVERTISEMENTS

Senate Sponsors
Sen. Pamela J. Althoff

Hearings
Financial Institutions Hearing Feb 21 2018 10:30AM Capitol 409 Springfield, IL


Last Action
DateChamber Action
  2/14/2018SenateAssigned to Financial Institutions

Statutes Amended In Order of Appearance
205 ILCS 635/3-3from Ch. 17, par. 2323-3


Synopsis As Introduced
Amends the Residential Mortgage License Act of 1987. Provides that mortgage loan advertisements must reference the Nationwide Multistate Licensing System and Registry's Consumer Access website, except where exempted by the Secretary of Financial and Professional Regulation. Provides that a licensee shall not advertise its services in Illinois in any media, whether print or electronic, without including its unique identifier. Replaces "Commissioner" with "Secretary" in order to update references to the Secretary of Financial and Professional Regulation. Makes other changes. Effective immediately.

Actions 
DateChamber Action
  2/7/2018SenateFiled with Secretary by Sen. Pamela J. Althoff
  2/7/2018SenateFirst Reading
  2/7/2018SenateReferred to Assignments
  2/14/2018SenateAssigned to Financial Institutions

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