IL HB2814 | 2015-2016 | 99th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Passed on July 23 2015 - 100% progression
Action: 2015-07-23 - Public Act . . . . . . . . . 99-0113
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 4-0)
Status: Passed on July 23 2015 - 100% progression
Action: 2015-07-23 - Public Act . . . . . . . . . 99-0113
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Residential Mortgage License Act of 1987. Provides that a mortgage loan brokered, funded, originated, serviced, or purchased by a party who is not licensed shall not be held to be invalid solely on the basis of specified violations of the Act. Effective immediately.
Title
RESIDENTIAL MORTGAGE LICENSE
Sponsors
Roll Calls
2015-05-19 - Senate - Third Reading in Senate (Y: 55 N: 1 NV: 3 Abs: 0) [PASS]
2015-03-17 - House - Third Reading in House (Y: 113 N: 0 NV: 1 Abs: 0) [PASS]
2015-03-17 - House - Third Reading in House (Y: 113 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-07-23 | House | Public Act . . . . . . . . . 99-0113 |
| 2015-07-23 | House | Effective Date July 23, 2015 |
| 2015-07-23 | House | Governor Approved |
| 2015-06-17 | House | Sent to the Governor |
| 2015-05-19 | House | Passed Both Houses |
| 2015-05-19 | Senate | Third Reading - Passed; 055-001-000 |
| 2015-05-18 | Senate | Placed on Calendar Order of 3rd Reading May 19, 2015 |
| 2015-05-18 | Senate | Second Reading |
| 2015-04-29 | Senate | Placed on Calendar Order of 2nd Reading April 30, 2015 |
| 2015-04-29 | Senate | Do Pass Financial Institutions; 009-000-000 |
| 2015-04-08 | Senate | Assigned to Financial Institutions |
| 2015-03-18 | Senate | Referred to Assignments |
| 2015-03-18 | Senate | First Reading |
| 2015-03-18 | Senate | Chief Senate Sponsor Sen. Don Harmon |
| 2015-03-18 | Senate | Placed on Calendar Order of First Reading |
| 2015-03-18 | Senate | Arrive in Senate |
| 2015-03-17 | House | Third Reading - Short Debate - Passed 113-000-000 |
| 2015-03-12 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2015-03-12 | House | Second Reading - Short Debate |
| 2015-03-11 | House | Added Co-Sponsor Rep. Silvana Tabares |
| 2015-03-11 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2015-03-10 | House | Do Pass / Short Debate Financial Institutions Committee; 023-000-000 |
| 2015-03-05 | House | Added Co-Sponsor Rep. Linda Chapa LaVia |
| 2015-03-02 | House | Assigned to Financial Institutions Committee |
| 2015-02-20 | House | Referred to Rules Committee |
| 2015-02-20 | House | First Reading |
| 2015-02-20 | House | Filed with the Clerk by Rep. Elaine Nekritz |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 635 | 1-3 | Amended Code | Citation Text |
