90th General Assembly
Status of HB1288
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WOOD-BUGIELSKI-DEUCHLER.

(O'MALLEY-REA-WALSH,T)

   20 ILCS 3205/5            from Ch. 17, par. 455                             
   205 ILCS 5/2              from Ch. 17, par. 302                             
   205 ILCS 5/5              from Ch. 17, par. 311                             
   205 ILCS 5/7              from Ch. 17, par. 314                             
   205 ILCS 5/8              from Ch. 17, par. 315                             
   205 ILCS 5/9              from Ch. 17, par. 316                             
   205 ILCS 5/13             from Ch. 17, par. 320                             
   205 ILCS 5/13.5 new                                                         
   205 ILCS 5/14             from Ch. 17, par. 321                             
   205 ILCS 5/16             from Ch. 17, par. 323                             
   205 ILCS 5/16.5 new                                                         
   205 ILCS 5/17             from Ch. 17, par. 324                             
   205 ILCS 5/32             from Ch. 17, par. 339                             
   205 ILCS 5/34             from Ch. 17, par. 342                             
   205 ILCS 5/35             from Ch. 17, par. 343                             
   205 ILCS 5/48             from Ch. 17, par. 359                             
   205 ILCS 5/48.3           from Ch. 17, par. 360.2                           
   205 ILCS 5/79             from Ch. 17, par. 391                             
   205 ILCS 10/3.1           from Ch. 17, par. 2510.1                          
   205 ILCS 205/1006         from Ch. 17, par. 7301-6                          
   205 ILCS 205/1007.20      from Ch. 17, par. 7301-7.20                       
   205 ILCS 205/1007.115 new                                                   
   205 ILCS 205/1008         from Ch. 17, par. 7301-8                          
   205 ILCS 205/1009         from Ch. 17, par. 7301-9                          
   205 ILCS 205/3004         from Ch. 17, par. 7303-4                          
   205 ILCS 205/4008         from Ch. 17, par. 7304-8                          
   205 ILCS 205/5001         from Ch. 17, par. 7305-1                          
   205 ILCS 205/6002         from Ch. 17, par. 7306-2                          
   205 ILCS 205/9011         from Ch. 17, par. 7309-11                         
   205 ILCS 205/9014         from Ch. 17, par. 7309-14                         
   205 ILCS 205/9015         from Ch. 17, par. 7309-15                         
   205 ILCS 205/10001        from Ch. 17, par. 7310-1                          
   205 ILCS 205/10002        from Ch. 17, par. 7310-2                          
   205 ILCS 205/10004        from Ch. 17, par. 7310-4                          
   205 ILCS 616/70                                                             
   205 ILCS 616/75                                                             
   205 ILCS 620/1-8          from Ch. 17, par. 1551-8                          
   205 ILCS 620/2-7          from Ch. 17, par. 1552-7                          
   205 ILCS 620/2-12 new                                                       
   205 ILCS 620/5-2          from Ch. 17, par. 1555-2                          
   205 ILCS 620/5-6          from Ch. 17, par. 1555-6                          
   205 ILCS 620/9-1          from Ch. 17, par. 1559-1                          
   205 ILCS 620/9-2          from Ch. 17, par. 1559-2                          
   205 ILCS 635/2-4          from Ch. 17, par. 2322-4                          
   205 ILCS 635/2-6          from Ch. 17, par. 2322-6                          
   205 ILCS 635/2-7          from Ch. 17, par. 2322-7                          
   205 ILCS 635/3-4          from Ch. 17, par. 2323-4                          
   205 ILCS 635/4-2          from Ch. 17, par. 2324-2                          
   205 ILCS 635/4-8          from Ch. 17, par. 2324-8                          
   205 ILCS 635/4-9 rep.                                                       
   205 ILCS 645/5            from Ch. 17, par. 2712                            
   205 ILCS 645/9            from Ch. 17, par. 2716                            
   205 ILCS 645/11           from Ch. 17, par. 2718                            
   205 ILCS 645/13           from Ch. 17, par. 2720                            
   205 ILCS 650/7 new                                                          
   805 ILCS 5/1.80           from Ch. 32, par. 1.80                            
   805 ILCS 5/11.31 new                                                        
   805 ILCS 5/11.32 new                                                        

        Amends numerous Acts related to the regulation of the banking and      
   real estate industries.   Permits banks to retain certain real  estate      
   for 10, rather than 5, years.  Provides that the Commissioner of Banks      
   and  Real  Estate  may,  after  receiving  certain notices from banks,      
   reduce the length of the notice period.  Authorizes  banks  to  invest      
   10%,  rather  than 5%, of capital and surplus in community development      
   projects.  Provides for the formation and  merger  of  interim  banks.      
   Prohibits  banks  and corporate fiduciaries from employing individuals      
   convicted  of  certain  offenses   without   the   approval   of   the      
   Commissioner.   Provides  that  banks  must be examined once every 18,      
   rather  than  12,  months.   Authorizes  savings  banks   to   conduct      
   transactions  through affiliate facilities.  Allows a reduction in the      
   frequency of meetings of the directors of a savings  bank.     Changes      
   the  method  of  calculating  the  mortgage default rate for licensees      
   under the Residential Mortgage  License  Act  of  1987.   Makes  other      
   changes.  Defines terms.  Effective immediately.                            
   97-03-04  H  FIRST READING                                                  
   97-03-04  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-03-05  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   97-03-07  H  ADDED AS A JOINT SPONSOR                 BUGIELSKI             
   97-03-07  H  ADDED AS A CO-SPONSOR                    DEUCHLER              
   97-03-12  H  DO PASS/SHORT DEBATE                     029-000-000   HFIN    
   97-03-12  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   97-03-12  H  SECOND READING-SHORT DEBATE                                    
   97-03-12  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   97-04-08  H  THIRD READING/SHORT DEBATE/PASSED        110-001-002           
   97-04-09  S  ARRIVE IN SENATE                                               
   97-04-09  S  PLACED CALENDAR ORDER OF FIRST READING   97-04-10              
   97-04-10  S  CHIEF SPONSOR                            O'MALLEY              
   97-04-10  S  FIRST READING                                                  
   97-04-10  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   97-04-23  S  ADDED AS A CHIEF CO-SPONSOR              REA                   
   97-04-23  S  ADDED AS A CHIEF CO-SPONSOR              WALSH,T               
   97-04-24  S       ASSIGNED TO COMMITTEE               FIN INST              
   97-05-01  S       DO PASS                             008-000-000   SFIC    
   97-05-01  S  PLACED ON CALENDAR ORDER OF 2ND READING  97-05-06              
   97-05-07  S  SECOND READING                                                 
   97-05-07  S  PLACED ON CALENDAR ORDER OF 3RD READING  97-05-08              
   97-05-09  S  THIRD READING - PASSED                   055-000-001           
   97-05-09  H  PASSED BOTH HOUSES                                             
   97-06-06  H  SENT TO THE GOVERNOR                                           
   97-08-01  H  GOVERNOR APPROVED                                              
   97-08-01  H                            EFFECTIVE DATE 97-08-01              
   97-08-01  H  PUBLIC ACT.............................. 90-0301               

   END OF INQUIRY 



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