Illinois General Assembly - Bill Status for HB3487
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 Bill Status of HB3487  103rd General Assembly


Short Description:  MORTGAGE LOANS-REMOTE LOCATION

House Sponsors
Rep. Mark L. Walker

Last Action
DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
205 ILCS 635/1-3from Ch. 17, par. 2321-3
205 ILCS 635/1-4
205 ILCS 635/3-11 new


Synopsis As Introduced
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 employees 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".

Actions 
DateChamber Action
  2/17/2023HouseFiled with the Clerk by Rep. Mark L. Walker
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Labor & Commerce Committee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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