Illinois House Bill 2477 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on July 28 2015 - 100% progression
Action: 2015-07-28 - Public Act . . . . . . . . . 99-0149
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Credit Union Act. Provides that the failure of an out-of-state credit union to register with the Secretary of Financial and Professional Regulation shall not impair the collectability of a loan made to a resident of this State. Provides that, for a renewal, refinancing, or restructuring of an existing loan at the credit union that is secured by an interest or equity in real estate, a new appraisal of the collateral shall not be required when (i) no new moneys are advanced other than funds necessary to cover reasonable closing costs, or (ii) there has been no obvious or material change in market conditions or physical aspects of the real estate that threatens the adequacy of the credit union's real estate collateral protection after the transaction, even with the advancement of new moneys. Provides that a credit union may act as a representative of and enter into an agreement with credit unions or other organizations for the purposes of providing implementation and administrative support services related to the use of debit cards, payroll debit cards, and other prepaid debit cards and credit cards. Effective immediately.

CREDIT UNION ACT

Rep. Louis Lang [D]	Rep. Adam Brown [R]	Rep. Andre Thapedi [D]	Sen. David Koehler [D]
Sen. Terry Link [D]

2015-05-31 - House - Concurrence in House (Y: 108 N: 0 NV: 4 Abs: 0) [PASS]
2015-05-21 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
2015-04-14 - House - Third Reading in House (Y: 111 N: 0 NV: 2 Abs: 1) [PASS]

Date	Chamber	Action
2015-07-28	House	Public Act . . . . . . . . . 99-0149
2015-07-28	House	Effective Date January 1, 2016
2015-07-28	House	Governor Approved
2015-06-29	House	Sent to the Governor
2015-05-31	House	Passed Both Houses
2015-05-31	House	House Concurs
2015-05-31	House	Senate Floor Amendment No. 1 House Concurs 108-000-002
2015-05-27	House	Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Revenue & Finance Committee; 009-000-000
2015-05-25	House	Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Revenue & Finance Committee
2015-05-22	House	Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
2015-05-22	House	Senate Floor Amendment No. 1 Motion Filed Concur Rep. Lou Lang
2015-05-21	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1
2015-05-21	House	Arrived in House
2015-05-21	Senate	Third Reading - Passed; 056-000-000
2015-05-21	Senate	Placed on Calendar Order of 3rd Reading
2015-05-21	Senate	Senate Floor Amendment No. 1 Adopted; Koehler
2015-05-21	Senate	Recalled to Second Reading
2015-05-20	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 007-000-000
2015-05-19	Senate	Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
2015-05-19	Senate	Placed on Calendar Order of 3rd Reading May 20, 2015
2015-05-19	Senate	Second Reading
2015-05-13	Senate	Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments
2015-05-07	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2015-05-07	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler
2015-05-06	Senate	Added as Alternate Co-Sponsor Sen. Terry Link
2015-04-29	Senate	Placed on Calendar Order of 2nd Reading April 30, 2015
2015-04-29	Senate	Do Pass Financial Institutions; 007-000-000
2015-04-22	Senate	Assigned to Financial Institutions
2015-04-15	Senate	Referred to Assignments
2015-04-15	Senate	First Reading
2015-04-14	Senate	Chief Senate Sponsor Sen. David Koehler
2015-04-14	Senate	Placed on Calendar Order of First Reading April 15, 2015
2015-04-14	Senate	Arrive in Senate
2015-04-14	House	Third Reading - Short Debate - Passed 111-000-001
2015-03-25	House	Placed on Calendar Order of 3rd Reading - Short Debate
2015-03-25	House	House Floor Amendment No. 1 Adopted
2015-03-25	House	Second Reading - Short Debate
2015-03-24	House	House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
2015-03-19	House	House Floor Amendment No. 1 Referred to Rules Committee
2015-03-19	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Lou Lang
2015-03-18	House	Placed on Calendar 2nd Reading - Short Debate
2015-03-17	House	Do Pass / Short Debate Financial Institutions Committee; 019-000-000
2015-03-17	House	Added Co-Sponsor Rep. André Thapedi
2015-03-02	House	Assigned to Financial Institutions Committee
2015-02-20	House	Added Chief Co-Sponsor Rep. Adam Brown
2015-02-18	House	Referred to Rules Committee
2015-02-18	House	First Reading
2015-02-18	House	Filed with the Clerk by Rep. Lou Lang

Chapter	Article	Section	Citation Type	Statute Text
205	305	46	Amended Code	Citation Text
205	305	57.1	Amended Code	Citation Text
205	305	7	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2477&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB2477.htm
Text	https://www.ilga.gov/legislation/99/HB/09900HB2477eng.htm
Text	https://www.ilga.gov/legislation/99/HB/09900HB2477enr.htm
Text	https://www.ilga.gov/legislation/publicacts/99/099-0149.htm
Amendment	https://www.ilga.gov/legislation/99/HB/09900HB2477ham001.htm
Amendment	https://www.ilga.gov/legislation/99/HB/09900HB2477sam001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/99/house/09900HB2477_04142015_029000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900HB2477_05212015_029000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/house/09900HB2477_05312015_027000C.pdf