IL SB3583 | 2011-2012 | 97th General Assembly


Status

January 8 2013 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Summary

Repeals the Illinois Savings and Loan Act of 1985. Amends the Savings Bank Act. Provides that any institution organized under the Illinois Savings and Loan Act of 1985 shall be deemed a savings bank under the Illinois Savings Bank Act. Creates a new Article concerning the effect of the repeal of the Illinois Savings and Loan Act of 1985. Makes changes in provisions concerning out-of-state savings banks; reorganization to become a holding company; contents of articles of incorporation; directors; conduct of directors and officers; access to books and records; communication with members and shareholders; investment in loans; loans to one borrower; Secretary's regulations; powers of the Secretary; regulatory fees; and disclosure of reports of examinations and confidential supervisory information. Repeals provisions concerning the impairment of capital. Amends the Illinois Banking Act. Provides a definition for "money borrowed" in a provision concerning basic loaning limits. Provides that the Secretary when appointed as a receiver or any person appointed as a receiver shall have all the powers, rights, and privileges as the Federal Deposit Insurance Corporation. Also makes changes in the Freedom of Information Act, the Division of Banking Act, the State Finance Act, the Pawnbroker Regulation Act, the Corporate Fiduciary Act, the Residential Mortgage License Act of 1987, and the Foreign Bank Representative Office Act.

Tracking Information

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Title

SAVINGS & LOAN ACT 1985-REPEAL

Sponsors


Roll Calls

2012-03-29 - Third Reading in Senate (Y: 47 N: 0 NV: 12 Abs: 0) [PASS]

History

DateChamberAction
2013-01-08SenateSession Sine Die
2013-01-08HouseRule 19(a) / Re-referred to Rules Committee
2012-12-21HouseHouse Floor Amendment No. 2 Rules Refers to Executive Committee
2012-12-20HouseHouse Floor Amendment No. 2 Referred to Rules Committee
2012-12-20HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski
2012-12-05HouseHeld on Calendar Order of Second Reading - Short Debate
2012-12-05HouseSecond Reading - Short Debate
2012-12-05HousePlaced on Calendar 2nd Reading - Short Debate
2012-12-05HouseDo Pass as Amended / Short Debate Executive Committee; 011-000-000
2012-12-05HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
2012-12-04HouseHouse Committee Amendment No. 1 Rules Refers to Executive Committee
2012-12-04SenateChief Sponsor Changed to Sen. Jacqueline Y. Collins
2012-11-29HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2012-11-29HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
2012-11-28HouseAssigned to Executive Committee
2012-11-28HouseFinal Action Deadline Extended-9(b) January 8, 2013
2012-11-26HouseAlternate Chief Sponsor Changed to Rep. Michael J. Zalewski
2012-03-29HouseReferred to Rules Committee
2012-03-29HouseFirst Reading
2012-03-29HousePlaced on Calendar Order of First Reading
2012-03-29HouseChief House Sponsor Rep. Linda Chapa LaVia
2012-03-29HouseArrived in House
2012-03-29SenateThird Reading - Passed; 047-000-000
2012-03-27SenatePlaced on Calendar Order of 3rd Reading March 28, 2012
2012-03-27SenateSenate Floor Amendment No. 2 Adopted; Frerichs
2012-03-27SenateSenate Floor Amendment No. 1 Adopted; Frerichs
2012-03-27SenateSecond Reading
2012-03-27SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000
2012-03-27SenateSenate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 008-000-000
2012-03-26SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions
2012-03-22SenateSenate Floor Amendment No. 2 Referred to Assignments
2012-03-22SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Michael W. Frerichs
2012-03-22SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions
2012-03-20SenateSenate Floor Amendment No. 1 Referred to Assignments
2012-03-20SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Michael W. Frerichs
2012-03-08SenatePlaced on Calendar Order of 2nd Reading March 21, 2012
2012-03-08SenateDo Pass Financial Institutions; 008-000-000
2012-03-01SenatePostponed - Financial Institutions
2012-02-22SenateAssigned to Financial Institutions
2012-02-10SenateReferred to Assignments
2012-02-10SenateFirst Reading
2012-02-10SenateFiled with Secretary by Sen. Michael W. Frerichs

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2032052.5Amended CodeCitation Text
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205532Amended CodeCitation Text
205548Amended CodeCitation Text
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Illinois State Sources


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