Bill Status of SB 3781   96th General Assembly

Short Description:  MORTGAGE LOAN ORIGINATOR LIC

Senate Sponsors
Sen. Jacqueline Y. Collins

House Sponsors
(Rep. Marlow H. Colvin)


Last Action  View All Actions

DateChamber Action
  7/22/2010SenatePublic Act . . . . . . . . . 96-1216

Statutes Amended In Order of Appearance
205 ILCS 635/1-1from Ch. 17, par. 2321-1

Synopsis As Introduced
Amends the Residential Mortgage License Act of 1987. Makes a technical change in the Section concerning the short title of the Act.

Senate Floor Amendment No. 2
Deletes reference to:
205 ILCS 635/1-1
Adds reference to:
205 ILCS 635/1-3from Ch. 17, par. 2321-3
205 ILCS 635/1-4

Replaces everything after the enacting clause. Amends the Residential Mortgage License Act of 1987. Provides that an individual acting as a mortgage loan originator who is not employed by and acting for an entity described in the provisions concerning the definition for "registered mortgage loan originator" shall be subject to the mortgage loan originator licensing requirements of the Article concerning mortgage loan originator license requirement. Makes changes concerning the definition of "exempt person or entity". In the definition of "full service office", provides that proper signage is included in the good business practices that each full service office must observe.

Actions 
DateChamber Action
  2/11/2010SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/11/2010SenateFirst Reading
  2/11/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Financial Institutions
  3/3/2010SenatePostponed - Financial Institutions
  3/5/2010SenateRule 2-10 Committee Deadline Established As March 19, 2010
  3/15/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
  3/15/2010SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/16/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  3/17/2010SenateSenate Committee Amendment No. 1 Postponed - Financial Institutions
  3/17/2010SenateDo Pass Financial Institutions; 009-000-000
  3/17/2010SenatePlaced on Calendar Order of 2nd Reading March 18, 2010
  3/19/2010SenateRule 2-10 Third Reading Deadline Established As March 26, 2010
  3/19/2010SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  3/23/2010SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins
  3/23/2010SenateSenate Floor Amendment No. 2 Referred to Assignments
  3/24/2010SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions
  3/24/2010SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 007-000-000
  3/24/2010SenateSecond Reading
  3/24/2010SenateSenate Floor Amendment No. 2 Adopted; Collins
  3/24/2010SenatePlaced on Calendar Order of 3rd Reading March 25, 2010
  3/26/2010SenateRule 2-10 Third Reading Deadline Established As April 15, 2010
  4/15/2010SenateThird Reading - Passed; 046-000-000
  4/15/2010SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
  4/15/2010HouseArrived in House
  4/15/2010HouseChief House Sponsor Rep. Marlow H. Colvin
  4/15/2010HousePlaced on Calendar Order of First Reading
  4/19/2010HouseFirst Reading
  4/19/2010HouseReferred to Rules Committee
  4/19/2010HouseAssigned to Financial Institutions Committee
  4/23/2010HouseCommittee Deadline Extended-Rule 9(b) April 30, 2010
  4/27/2010HouseDo Pass / Short Debate Financial Institutions Committee; 018-000-000
  4/28/2010HousePlaced on Calendar 2nd Reading - Short Debate
  4/29/2010HouseSecond Reading - Short Debate
  4/29/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/30/2010HouseThird Reading - Short Debate - Passed 113-000-001
  4/30/2010SenatePassed Both Houses
  5/28/2010SenateSent to the Governor
  7/22/2010SenateGovernor Approved
  7/22/2010SenateEffective Date January 1, 2011
  7/22/2010SenatePublic Act . . . . . . . . . 96-1216

Back To Top