Date	Chamber	Action
8/16/2013	Senate	Public Act . . . . . . . . . 98-0492

Statutes Amended In Order of Appearance

205 ILCS 635/1-3

from Ch. 17, par. 2321-3

Synopsis As Introduced
Amends the Residential Mortgage License Act of 1987. Provides that persons exempt from licensure as a federally chartered savings bank registered with the Nationwide Mortgage Licensing System and Registry may apply for an exempt company registration for the purpose of sponsoring one or more individuals subject to the mortgage loan originator licensing requirements of the Act. Establishes requirements for exempt company registration and denial, suspension, or revocation of the registration. Effective immediately.

Senate Floor Amendment No. 1

	Adds reference to:
	205 ILCS 635/4-2	from Ch. 17, par. 2324-2

205 ILCS 635/7-15 new

Replaces everything after the enacting clause. Reinserts the language of the introduced bill. Changes references from "Commissioner" to "Secretary". Provides that an exempt entity under the Act shall cooperate with the Secretary of the Department of Financial and Professional Regulation in the examination and investigation of its sponsored and licensed mortgage loan originators. Provides that the activities requiring a licensee of a mortgage loan originator that are sponsored by an exempt entity under the Act are subject to examination and investigation by the Secretary. Effective immediately.

Actions 

Date	Chamber	Action
2/13/2013	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins
2/13/2013	Senate	First Reading
2/13/2013	Senate	Referred to Assignments
2/19/2013	Senate	Added as Chief Co-Sponsor Sen. Pamela J. Althoff
2/27/2013	Senate	Assigned to Financial Institutions
3/1/2013	Senate	Added as Chief Co-Sponsor Sen. Michael E. Hastings
3/5/2013	Senate	Added as Chief Co-Sponsor Sen. Tim Bivins
3/6/2013	Senate	Added as Co-Sponsor Sen. Sue Rezin
3/6/2013	Senate	Postponed - Financial Institutions
3/19/2013	Senate	Added as Co-Sponsor Sen. Jason A. Barickman
3/20/2013	Senate	Do Pass Financial Institutions; 008-000-000
3/20/2013	Senate	Placed on Calendar Order of 2nd Reading March 21, 2013
3/21/2013	Senate	Added as Co-Sponsor Sen. Karen McConnaughay
4/15/2013	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
4/15/2013	Senate	Senate Floor Amendment No. 1 Referred to Assignments
4/16/2013	Senate	Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
4/17/2013	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 009-000-000
4/17/2013	Senate	Added as Co-Sponsor Sen. Melinda Bush
4/18/2013	Senate	Second Reading
4/18/2013	Senate	Senate Floor Amendment No. 1 Adopted; Collins
4/18/2013	Senate	Placed on Calendar Order of 3rd Reading April 23, 2013
4/23/2013	Senate	Added as Co-Sponsor Sen. William E. Brady
4/23/2013	Senate	Third Reading - Passed; 054-000-000
4/24/2013	House	Arrived in House
4/30/2013	House	Chief House Sponsor Rep. Maria Antonia Berrios
4/30/2013	House	First Reading
4/30/2013	House	Referred to Rules Committee
4/30/2013	House	Assigned to Financial Institutions Committee
5/1/2013	House	Added Alternate Chief Co-Sponsor Rep. Rich Brauer
5/2/2013	House	Added Alternate Co-Sponsor Rep. André M. Thapedi
5/7/2013	House	Added Alternate Co-Sponsor Rep. David R. Leitch
5/7/2013	House	Do Pass / Short Debate Financial Institutions Committee; 011-000-000
5/8/2013	House	Placed on Calendar 2nd Reading - Short Debate
5/8/2013	House	Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
5/8/2013	House	Alternate Chief Co-Sponsor Changed to Rep. Monique D. Davis
5/9/2013	House	Second Reading - Short Debate
5/9/2013	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/15/2013	House	Added Alternate Co-Sponsor Rep. Keith P. Sommer
5/23/2013	House	Third Reading - Short Debate - Passed 107-004-002
5/23/2013	House	Added Alternate Co-Sponsor Rep. Dan Brady
5/23/2013	Senate	Passed Both Houses
6/21/2013	Senate	Sent to the Governor
8/16/2013	Senate	Governor Approved
8/16/2013	Senate	Effective Date August 16, 2013
8/16/2013	Senate	Public Act . . . . . . . . . 98-0492

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