IL HB1651 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 22 2011 - 100% progression
Action: 2011-08-22 - Public Act . . . . . . . . . 97-0492
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on August 22 2011 - 100% progression
Action: 2011-08-22 - Public Act . . . . . . . . . 97-0492
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Illinois Savings and Loan Act of 1985. Permits an association to amend the articles of incorporation for the purpose of changing the name of the association after commencing business if the submission by the board of directors of the association certifies the approval of the proposed name change and has an approved plan for notifying all parties who may be affected by the name change and the new name meets the requirements as determined by the Secretary of Financial and Professional Regulation. Creates the Savings Institutions Regulatory Fund that is to be used for the ordinary and contingent expenses of the Department of Financial and Professional Regulation and the Division of Banking, or their successors. Makes other changes. Amends the Savings Bank Act. Creates a provision for savings bank to, after commencing business, amend the articles of incorporation for the purpose of changing the name of the savings bank if the board of directors of the savings bank approves the name change and a plan for notifying all parties who may be affected by the change and the new name meets the requirements as determined by the Secretary. Provides that any person aggrieved by a decision of the Secretary of Financial and Professional Regulation under the Savings Bank Act may receive a hearing before the Secretary. Creates provisions that outline procedures for an aggrieved person to request a hearing and the procedures for the Secretary or his or her agent to subpoena records, investigate verified complaints, and record the proceedings. Makes other changes. Amends the Division of Banking Act, Electronic Funds Transfer Act, and the Corporate Fiduciary Act to make corresponding changes. Amends the State Finance Act to create the Savings Institution Regulatory Fund.
Title
IL S&L & SAVING BANK ACT-FUND
Sponsors
Roll Calls
2011-05-28 - House - Concurrence in House (Y: 106 N: 0 NV: 0 Abs: 2) [PASS]
2011-05-12 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
2011-04-13 - House - Third Reading in House (Y: 114 N: 0 NV: 0 Abs: 2) [PASS]
2011-05-12 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
2011-04-13 - House - Third Reading in House (Y: 114 N: 0 NV: 0 Abs: 2) [PASS]
History
Date | Chamber | Action |
---|---|---|
2011-08-22 | House | Public Act . . . . . . . . . 97-0492 |
2011-08-22 | House | Effective Date January 1, 2012 |
2011-08-22 | House | Governor Approved |
2011-06-24 | House | Sent to the Governor |
2011-05-28 | House | Passed Both Houses |
2011-05-28 | House | Senate Committee Amendment No. 1 House Concurs 106-000-001 |
2011-05-27 | House | Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000 |
2011-05-13 | House | Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee |
2011-05-13 | House | Senate Committee Amendment No. 1 Motion Filed Concur Rep. Joseph M. Lyons |
2011-05-12 | House | Placed on Calendar Order of Concurrence Senate Amendment(s) 1 |
2011-05-12 | House | Arrived in House |
2011-05-12 | Senate | Third Reading - Passed; 056-000-000 |
2011-05-06 | Senate | Placed on Calendar Order of 3rd Reading May 10, 2011 |
2011-05-06 | Senate | Second Reading |
2011-05-05 | Senate | Placed on Calendar Order of 2nd Reading May 6, 2011 |
2011-05-05 | Senate | Do Pass as Amended Financial Institutions; 011-000-000 |
2011-05-05 | Senate | Senate Committee Amendment No. 1 Adopted |
2011-05-03 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions |
2011-05-02 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
2011-05-02 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe |
2011-04-27 | Senate | Assigned to Financial Institutions |
2011-04-14 | Senate | Referred to Assignments |
2011-04-14 | Senate | First Reading |
2011-04-14 | Senate | Chief Senate Sponsor Sen. John G. Mulroe |
2011-04-14 | Senate | Placed on Calendar Order of First Reading |
2011-04-14 | Senate | Arrive in Senate |
2011-04-13 | House | Third Reading - Short Debate - Passed 114-000-002 |
2011-04-12 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
2011-04-12 | House | House Floor Amendment No. 1 Adopted by Voice Vote |
2011-04-12 | House | Second Reading - Short Debate |
2011-04-04 | House | House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 |
2011-04-01 | House | House Floor Amendment No. 1 Referred to Rules Committee |
2011-04-01 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Joseph M. Lyons |
2011-03-16 | House | Placed on Calendar 2nd Reading - Short Debate |
2011-03-15 | House | Do Pass / Short Debate Financial Institutions Committee; 019-000-000 |
2011-03-07 | House | Assigned to Financial Institutions Committee |
2011-02-18 | House | Added Co-Sponsor Rep. Bill Mitchell |
2011-02-15 | House | Referred to Rules Committee |
2011-02-15 | House | First Reading |
2011-02-15 | House | Filed with the Clerk by Rep. Joseph M. Lyons |