Illinois General Assembly - Bill Status for SB0895

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of SB0895 94th General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: REGULATION-TECH

Senate Sponsors
Sen. Martin A. Sandoval - Emil Jones, Jr.

House Sponsors
(Rep. Michael J. Madigan - Barbara Flynn Currie)

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

205 ILCS 620/1-1

from Ch. 17, par. 1551-1

Synopsis As Introduced
Amends the Corporate Fiduciary Act. Makes a technical change in the Section concerning the short title of the Act.

Senate Floor Amendment No. 1

	Deletes reference to:
	205 ILCS 620/1-1

	Adds reference to:
	765 ILCS 77/70

Deletes everything after the enacting clause. Amends the Residential Real Property Disclosure Act with respect to the predatory lending database pilot program. Provides that the Secretary of Financial and Professional Regulation shall declare in writing an inception date for the pilot program and shall give notice of that date. Provides that the pilot program applies to all mortgage applications made or taken on or after the inception date. Provides that the pilot program shall be in effect and operational for 4 years. Provides that the title insurance company or closing agent shall attach a certificate of compliance to the mortgage before recording the mortgage (rather than recording the certificate separately). Makes other changes. Effective immediately.

	Judicial Note (Admin Office of the Illinois Courts)
	This legislation would neither increase nor decrease the number of judges needed in the State.

Fiscal Note (Dept of Financial and Professional Regulation)

SB 895 will not have an additional fiscal impact on the Department of Financial and Professional Regulation. Funding to begin the Predatory Lending program was appropriated to the Department of Financial and Professional Regulation in Fiscal Year 2006. Funding to continue the program is also contained in the FY 07 budget request pending before the legislature. As indicated above, current funding levels are expected to be sufficient to implement the provisions of SB 895.

	Balanced Budget Note (Gov. Office of Management & Budget)
	This legislation will have no impact to the State's budget.

	Pension Note (Com. on Gov. Forecasting & Accountability)
	Will not impact any public pension fund or retirement system in Illinois.

	State Debt Impact Note (Com. on Gov. Forecasting & Accountability)
	Would not affect the level of state indebtedness.

	Home Rule Note (Dept of Commerce and Economic Opportunity)
	This legislation does not pre-empt home rule authority.

	State Mandates Fiscal Note (Dept of Commerce and Economic Opportunity)
	This legislation does not create a State mandate under the State Mandates Act.

	Housing Affordability Impact Note (Housing Development Authority)
	This legislation will have no effect on constructing, purchasing, owning, or selling a single family residence.

Actions

Date	Chamber	Action
2/18/2005	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins
2/18/2005	Senate	Chief Co-Sponsor Sen. Emil Jones, Jr.
2/18/2005	Senate	First Reading
2/18/2005	Senate	Referred to Rules
2/24/2005	Senate	Assigned to Financial Institutions
3/17/2005	Senate	Do Pass Financial Institutions; 008-000-000
3/17/2005	Senate	Placed on Calendar Order of 2nd Reading April 6, 2005
4/6/2005	Senate	Second Reading
4/6/2005	Senate	Placed on Calendar Order of 3rd Reading April 7, 2005
4/14/2005	Senate	Placed on Calendar Order of 3rd Reading ** April 15, 2005
4/15/2005	Senate	Rule 2-10 Third Reading Deadline Extended to December 31, 2005
7/1/2005	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
11/4/2005	Senate	Rule 2-10 Third Reading Deadline Extended to January 9, 2007
4/5/2006	Senate	Approved for Consideration Rules
4/5/2006	Senate	Placed on Calendar Order of 3rd Reading April 6, 2006
4/5/2006	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval
4/5/2006	Senate	Senate Floor Amendment No. 1 Referred to Rules
4/5/2006	Senate	Senate Floor Amendment No. 1 Rules Refers to Financial Institutions
4/5/2006	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 008-000-000
4/5/2006	Senate	Chief Sponsor Changed to Sen. Martin A. Sandoval
4/6/2006	Senate	Recalled to Second Reading
4/6/2006	Senate	Senate Floor Amendment No. 1 Adopted; Sandoval
4/6/2006	Senate	Placed on Calendar Order of 3rd Reading
4/6/2006	Senate	Third Reading - Passed; 057-000-000
4/7/2006	House	Arrived in House
4/7/2006	House	Placed on Calendar Order of First Reading
4/7/2006	House	Chief House Sponsor Rep. Michael J. Madigan
4/7/2006	House	Added Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie
4/10/2006	House	First Reading
4/10/2006	House	Referred to Rules Committee
4/10/2006	House	Final Action Deadline Extended-9(b) April 13, 2006
4/10/2006	House	Assigned to State Government Administration Committee
4/13/2006	House	Final Action Deadline Extended-9(b) April 30, 2006
4/30/2006	House	Final Action Deadline Extended-9(b) May 5, 2006
5/1/2006	House	Judicial Note Filed
5/1/2006	House	Fiscal Note Filed
5/1/2006	House	Balanced Budget Note Filed
5/1/2006	House	Pension Note Filed
5/1/2006	House	State Debt Impact Note Filed
5/1/2006	House	Home Rule Note Filed
5/1/2006	House	State Mandates Fiscal Note Filed
5/2/2006	House	Do Pass / Short Debate State Government Administration Committee; 007-000-000
5/2/2006	House	Placed on Calendar 2nd Reading - Short Debate
5/2/2006	House	Housing Affordability Impact Note Filed
5/2/2006	House	Second Reading - Short Debate
5/2/2006	House	Held on Calendar Order of Second Reading - Short Debate
5/5/2006	House	Rule 19(a) / Re-referred to Rules Committee
11/16/2006	House	Final Action Deadline Extended-9(b) January 9, 2007
11/16/2006	House	Approved for Consideration Rules Committee; 003-000-000
11/16/2006	House	Rules Refers to 2nd Reading
11/21/2006	House	Placed on Calendar 2nd Reading - Short Debate
1/8/2007	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Dan Reitz
1/8/2007	House	House Floor Amendment No. 1 Referred to Rules Committee
1/8/2007	House	House Floor Amendment No. 1 Rules Refers to Environment & Energy Committee
1/9/2007	House	House Floor Amendment No. 1 Recommends Be Adopted Environment & Energy Committee; 012-000-000
1/9/2007	Senate	Session Sine Die

×