Illinois House Bill 5542 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on December 19 2018 - 100% progression
Action: 2018-12-19 - Public Act . . . . . . . . . 100-1153
Text: Latest bill text (Chaptered) [HTML]

Amends the Residential Mortgage License Act of 1987. Provides for a list of specified activities that constitute violations of the Act (rather than a list of required averments that must be attached to an application for a license under the Act). Provides that a licensee filing a Mortgage Call Report is not required to file a report of applicable annual activities with the Secretary of Financial and Professional Regulation. Provides that specified licensee disclosures do not apply to any licensee providing notices of changes in loan terms pursuant to the federal Consumer Financial Protection Bureau's Know Before You Owe mortgage disclosure procedure (rather than excluding licensees limited to solicit residential mortgage loan applications as approved by the Secretary of Financial and Professional Regulation). Makes conforming changes. Repeals provisions concerning a requirement that the Secretary of Financial and Professional Regulation conduct, as part of an examination of each licensee, a review of the licensee's loan delinquency data. Replaces "Commissioner" with "Secretary" in order to update references to the Secretary of Financial and Professional Regulation. Effective immediately.

MORTGAGE LICENSE-REPORTING

Rep. Mark Batinick [R]	Rep. Nicholas Sauer [R]	Rep. Jay Hoffman [D]	Rep. Latoya Greenwood [D]
Rep. Katie Stuart [D]	Sen. Chuck Weaver [R]	Sen. Michael Connelly [R]

2018-11-14 - House - Concurrence in House (Y: 108 N: 0 NV: 2 Abs: 5) [PASS]
2018-05-21 - Senate - Third Reading in Senate (Y: 49 N: 0 NV: 10 Abs: 0) [PASS]
2018-04-18 - House - Third Reading in House (Y: 111 N: 1 NV: 2 Abs: 1) [PASS]

Date	Chamber	Action
2018-12-19	House	Public Act . . . . . . . . . 100-1153
2018-12-19	House	Effective Date December 19, 2018
2018-12-19	House	Governor Approved
2018-12-13	House	Sent to the Governor
2018-11-14	House	Passed Both Houses
2018-11-14	House	House Concurs
2018-11-14	House	3/5 Vote Required
2018-11-14	House	Senate Floor Amendment No. 1 House Concurs 108-000-000
2018-11-13	House	Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Financial Institutions Committee; 009-000-000
2018-11-07	House	Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions Committee
2018-11-07	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1
2018-11-07	House	Approved for Consideration Rules Committee; 003-000-000
2018-09-04	House	Added Co-Sponsor Rep. Katie Stuart
2018-08-27	House	Added Co-Sponsor Rep. LaToya Greenwood
2018-08-16	House	Added Co-Sponsor Rep. Jay Hoffman
2018-07-02	House	Rule 19(b) / Re-referred to Rules Committee
2018-05-21	House	Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
2018-05-21	House	Senate Floor Amendment No. 1 Motion Filed Concur Rep. Mark Batinick
2018-05-21	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1
2018-05-21	House	Arrived in House
2018-05-21	Senate	Third Reading - Passed; 049-000-000
2018-05-21	Senate	Placed on Calendar Order of 3rd Reading
2018-05-21	Senate	Senate Floor Amendment No. 1 Adopted; Weaver
2018-05-21	Senate	Recalled to Second Reading
2018-05-16	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 005-000-000
2018-05-15	Senate	Placed on Calendar Order of 3rd Reading May 16, 2018
2018-05-15	Senate	Second Reading
2018-05-15	Senate	Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
2018-05-10	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2018-05-10	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Chuck Weaver
2018-05-10	Senate	Added as Alternate Chief Co-Sponsor Sen. Michael Connelly
2018-05-02	Senate	Placed on Calendar Order of 2nd Reading May 3, 2018
2018-05-02	Senate	Do Pass Financial Institutions; 006-000-000
2018-04-25	Senate	Assigned to Financial Institutions
2018-04-19	Senate	Referred to Assignments
2018-04-19	Senate	First Reading
2018-04-19	Senate	Chief Senate Sponsor Sen. Chuck Weaver
2018-04-19	Senate	Placed on Calendar Order of First Reading
2018-04-19	Senate	Arrive in Senate
2018-04-18	House	Third Reading - Short Debate - Passed 111-001-000
2018-04-17	House	Added Chief Co-Sponsor Rep. Nick Sauer
2018-04-17	House	Chief Sponsor Changed to Rep. Mark Batinick
2018-04-13	House	Placed on Calendar Order of 3rd Reading - Short Debate
2018-04-13	House	Second Reading - Short Debate
2018-04-10	House	Placed on Calendar 2nd Reading - Short Debate
2018-04-09	House	Do Pass as Amended / Short Debate Financial Institutions Committee; 010-000-000
2018-04-09	House	House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
2018-04-09	House	House Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
2018-03-29	House	House Committee Amendment No. 1 Referred to Rules Committee
2018-03-29	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Nick Sauer
2018-03-05	House	Assigned to Financial Institutions Committee
2018-02-16	House	Referred to Rules Committee
2018-02-16	House	First Reading
2018-02-16	House	Filed with the Clerk by Rep. Nick Sauer

Chapter	Article	Section	Citation Type	Statute Text
205	635	2-2	Amended Code	Citation Text
205	635	2-4	Amended Code	Citation Text
205	635	4-8	Repealed Code	Citation Text
205	635	4-8.3	Amended Code	Citation Text
205	635	5-9	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5542&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB5542.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB5542eng.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB5542enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-1153.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB5542ham001.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB5542sam001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000HB5542_04182018_006000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000HB5542_05212018_013000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000HB5542sam001_11142018_022000C.pdf