Bill Title: Amends the Residential Mortgage License Act of 1987. Provides that each full service office (rather than office, place of business, or location) at which a residential mortgage licensee conducts any part of his or her business must be recorded with the Secretary of Financial and Professional Regulation. Provides that licensees may allow mortgage loan originators to work from a remote location if specified conditions are met. Provides that "full service office" does not include a remote location. Defines "remote location".

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Passed) 2023-06-30 - Public Act . . . . . . . . . 103-0156 [HB2325 Detail]

Text: Latest bill text (Chaptered) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Margaret Croke [D]	Primary	Sponsored Bills	HD-012	FollowTheMoney	Ballotpedia	VoteSmart
Representative Maurice West [D]	Cosponsor	Sponsored Bills	HD-067	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dagmara Avelar [D]	Cosponsor	Sponsored Bills	HD-085	FollowTheMoney	Ballotpedia	VoteSmart
Representative Marcus Evans [D]	Cosponsor	Sponsored Bills	HD-033	FollowTheMoney	Ballotpedia	VoteSmart
Senator Mark Walker [D]	Cosponsor	Sponsored Bills	SD-027	FollowTheMoney	Ballotpedia	VoteSmart
Senator Laura Ellman [D]	Primary	Sponsored Bills	SD-021	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Hastings [D]	Cosponsor	Sponsored Bills	SD-019	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on IL HB2325