Full Text of HB4404 100th General Assembly
HB4404ham001 100TH GENERAL ASSEMBLY | Rep. Margo McDermed Filed: 3/23/2018
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| 1 | | AMENDMENT TO HOUSE BILL 4404
| 2 | | AMENDMENT NO. ______. Amend House Bill 4404 by replacing | 3 | | everything after the enacting clause with the following:
| 4 | | "Section 5. The Residential Mortgage License Act of 1987 is | 5 | | amended by changing Section 1-4 as follows: | 6 | | (205 ILCS 635/1-4) | 7 | | Sec. 1-4. Definitions. The following words and phrases have | 8 | | the meanings given to them in this Section: | 9 | | (a) "Residential real property" or "residential real | 10 | | estate" shall mean any real property located in Illinois, | 11 | | upon which is constructed or intended to be constructed a | 12 | | dwelling. Those terms include a manufactured home as | 13 | | defined in subdivision (53) of Section 9-102 of the Uniform | 14 | | Commercial Code which is real property as defined in | 15 | | Section 5-35 of the Conveyance and Encumbrance of | 16 | | Manufactured Homes as Real Property and Severance Act. |
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| 1 | | (b) "Making a residential mortgage loan" or "funding a | 2 | | residential mortgage
loan" shall mean for compensation or | 3 | | gain, either directly or indirectly,
advancing funds or | 4 | | making a commitment to advance funds to a loan applicant
| 5 | | for a residential mortgage loan. | 6 | | (c) "Soliciting, processing, placing, or negotiating a | 7 | | residential
mortgage loan" shall mean for compensation or | 8 | | gain, either directly or
indirectly, accepting or offering | 9 | | to accept an application for a
residential mortgage loan, | 10 | | assisting or offering to assist in the
processing of an | 11 | | application for a residential mortgage loan on behalf of a
| 12 | | borrower, or negotiating or offering to negotiate the terms | 13 | | or conditions
of a residential mortgage loan with a lender | 14 | | on behalf of a borrower
including, but not limited to, the | 15 | | submission of credit packages for the
approval of lenders, | 16 | | the preparation of residential mortgage loan closing
| 17 | | documents, including a closing in the name of a broker. | 18 | | Entities solely engaged in loan processing do not need to | 19 | | obtain a mortgage license. | 20 | | (d) "Exempt person or entity" shall mean the following: | 21 | | (1) (i) Any banking organization or foreign | 22 | | banking corporation
licensed by the Illinois | 23 | | Commissioner of Banks and Real Estate or the
United | 24 | | States Comptroller of the Currency to transact | 25 | | business in this
State; (ii) any national bank, | 26 | | federally chartered savings and loan
association, |
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| 1 | | federal savings bank, federal credit union; (iii) | 2 | | (blank); (iv) any bank, savings and loan
association, | 3 | | savings bank, or credit union organized under the laws | 4 | | of this
or any other state; (v) any Illinois Consumer | 5 | | Installment Loan Act licensee;
(vi) any insurance | 6 | | company authorized to transact business in this State;
| 7 | | (vii) any entity engaged solely in commercial mortgage | 8 | | lending; (viii) any
service corporation of a savings | 9 | | and loan association or savings bank organized
under | 10 | | the laws of this State or the service corporation of a | 11 | | federally
chartered savings and loan association or | 12 | | savings bank having
its principal place of business in | 13 | | this State, other than a service
corporation licensed | 14 | | or entitled to reciprocity under the Real Estate
| 15 | | License Act of 2000; or (ix) any first tier subsidiary | 16 | | of a
bank, the charter of which is issued under the | 17 | | Illinois Banking Act
by the Illinois Commissioner of | 18 | | Banks and Real Estate,
or the first tier subsidiary of | 19 | | a bank chartered by the United States
Comptroller of | 20 | | the Currency and that has its principal place of | 21 | | business
in this State, provided that the first tier | 22 | | subsidiary is regularly
examined by the Illinois | 23 | | Commissioner of Banks and Real Estate
or the | 24 | | Comptroller of the Currency, or a consumer compliance | 25 | | examination is
regularly conducted by the Federal | 26 | | Reserve Board. |
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| 1 | | (1.5) Any employee of a person or entity mentioned | 2 | | in
item (1) of this subsection, when acting for such | 3 | | person or entity, or any registered mortgage loan | 4 | | originator when acting for an entity described in | 5 | | subsection (tt) of this Section. | 6 | | (1.8) Any person or entity that does not originate | 7 | | mortgage loans in the ordinary course of business, but | 8 | | makes or acquires residential mortgage loans with his | 9 | | or her own funds for his or her or its own investment | 10 | | without intent to make, acquire, or resell more than 3 | 11 | | residential mortgage loans in any one calendar year. | 12 | | (2) (Blank). | 13 | | (3) Any person employed by a licensee to assist in | 14 | | the performance of
the residential mortgage licensee's | 15 | | activities regulated by this Act who is compensated in | 16 | | any manner by
only one licensee. | 17 | | (4) (Blank). | 18 | | (5) Any individual, corporation, partnership, or | 19 | | other entity that
originates, services, or brokers | 20 | | residential mortgage loans, as these
activities are | 21 | | defined in this Act, and who or which receives no
| 22 | | compensation for those activities, subject to the | 23 | | Commissioner's
regulations and the federal Secure and | 24 | | Fair Enforcement for Mortgage Licensing Act of 2008 and | 25 | | the rules promulgated under that Act with regard to the | 26 | | nature and amount of compensation. |
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| 1 | | (6) (Blank). | 2 | | (e) "Licensee" or "residential mortgage licensee" | 3 | | shall mean a person,
partnership, association, | 4 | | corporation, or any other entity who or which is
licensed | 5 | | pursuant to this Act to engage in the activities regulated | 6 | | by
this Act. | 7 | | (f) "Mortgage loan" "residential mortgage loan" or | 8 | | "home
mortgage loan" shall mean any loan primarily for | 9 | | personal, family, or household use that is secured by a | 10 | | mortgage, deed of trust, or other equivalent consensual | 11 | | security interest on a dwelling as defined in Section | 12 | | 103(v) of the federal Truth in Lending Act, or residential | 13 | | real estate upon which is constructed or intended to be | 14 | | constructed a dwelling. | 15 | | (g) "Lender" shall mean any person, partnership, | 16 | | association,
corporation, or any other entity who either | 17 | | lends or invests money in
residential mortgage loans. | 18 | | (h) "Ultimate equitable owner" shall mean a person who, | 19 | | directly
or indirectly, owns or controls an ownership | 20 | | interest in a corporation,
foreign corporation, alien | 21 | | business organization, trust, or any other form
of business | 22 | | organization regardless of whether the person owns or | 23 | | controls
the ownership interest through one or more persons | 24 | | or one or more proxies,
powers of attorney, nominees, | 25 | | corporations, associations, partnerships,
trusts, joint | 26 | | stock companies, or other entities or devices, or any
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| 1 | | combination thereof. | 2 | | (i) "Residential mortgage financing transaction" shall | 3 | | mean the negotiation,
acquisition, sale, or arrangement | 4 | | for or the offer to negotiate, acquire,
sell, or arrange | 5 | | for, a residential mortgage loan or residential mortgage
| 6 | | loan commitment. | 7 | | (j) "Personal residence address" shall mean a street | 8 | | address and shall
not include a post office box number. | 9 | | (k) "Residential mortgage loan commitment" shall mean | 10 | | a contract for
residential mortgage loan financing. | 11 | | (l) "Party to a residential mortgage financing | 12 | | transaction" shall mean a
borrower, lender, or loan broker | 13 | | in a residential mortgage financing
transaction. | 14 | | (m) "Payments" shall mean payment of all or any of the | 15 | | following:
principal, interest and escrow reserves for | 16 | | taxes, insurance and other related
reserves, and | 17 | | reimbursement for lender advances. | 18 | | (n) "Commissioner" shall mean the Commissioner of | 19 | | Banks and Real Estate, except that, beginning on April 6, | 20 | | 2009 (the effective date of Public Act 95-1047), all | 21 | | references in this Act to the Commissioner of Banks and | 22 | | Real Estate are deemed, in appropriate contexts, to be | 23 | | references to the Secretary of Financial and Professional | 24 | | Regulation, or his or her designee, including the Director | 25 | | of the Division of Banking of the Department of Financial | 26 | | and Professional Regulation. |
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| 1 | | (n-1) "Director" shall mean the Director of the | 2 | | Division of Banking of the Department of Financial and | 3 | | Professional Regulation, except that, beginning on July | 4 | | 31, 2009 (the effective date of Public Act 96-112), all | 5 | | references in this Act to the Director are deemed, in | 6 | | appropriate contexts, to be the Secretary of Financial and | 7 | | Professional Regulation, or his or her designee, including | 8 | | the Director of the Division of Banking of the Department | 9 | | of Financial and Professional Regulation. | 10 | | (o) "Loan brokering", "brokering", or "brokerage | 11 | | service" shall mean the act
of helping to obtain from | 12 | | another entity, for a borrower, a loan secured by
| 13 | | residential real estate situated in Illinois or assisting a | 14 | | borrower in
obtaining a loan secured by residential real | 15 | | estate situated in Illinois in
return for consideration to | 16 | | be paid by either the borrower or the lender
including, but | 17 | | not limited to, contracting for the delivery of residential
| 18 | | mortgage loans to a third party lender and soliciting, | 19 | | processing, placing,
or negotiating residential mortgage | 20 | | loans. | 21 | | (p) "Loan broker" or "broker" shall mean a person, | 22 | | partnership,
association, corporation, or limited | 23 | | liability company, other than
those persons, partnerships,
| 24 | | associations, corporations, or limited liability companies | 25 | | exempted
from licensing pursuant to Section
1-4, | 26 | | subsection (d), of this Act, who performs the activities |
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| 1 | | described
in subsections (c), (o), and (yy) of this | 2 | | Section. | 3 | | (q) "Servicing" shall mean the collection or | 4 | | remittance for or the
right or obligation to collect or | 5 | | remit for any lender, noteowner,
noteholder, or for a | 6 | | licensee's own account, of payments, interests,
principal, | 7 | | and trust items such as hazard insurance and taxes on a
| 8 | | residential mortgage loan in accordance with the terms of | 9 | | the residential
mortgage loan; and includes loan payment | 10 | | follow-up, delinquency loan
follow-up, loan analysis and | 11 | | any notifications to the borrower that are
necessary to | 12 | | enable the borrower to keep the loan current and in good | 13 | | standing. "Servicing" includes management of third-party | 14 | | entities acting on behalf of a residential mortgage | 15 | | licensee for the collection of delinquent payments and the | 16 | | use by such third-party entities of said licensee's | 17 | | servicing records or information, including their use in | 18 | | foreclosure. | 19 | | (r) "Full service office" shall mean an office, | 20 | | provided by the licensee and not subleased from the | 21 | | licensee's employees, and staff in Illinois
reasonably | 22 | | adequate to handle efficiently communications, questions, | 23 | | and
other matters relating to any application for, or an | 24 | | existing home mortgage
secured by residential real estate | 25 | | situated in Illinois
with respect to which the licensee is | 26 | | brokering, funding originating,
purchasing, or servicing. |
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| 1 | | The management and operation of each full service
office | 2 | | must include observance of good business practices such as | 3 | | proper signage; adequate,
organized, and accurate books | 4 | | and records; ample phone lines, hours of
business, staff | 5 | | training and supervision, and provision for a mechanism to
| 6 | | resolve consumer inquiries, complaints, and problems. The | 7 | | Commissioner
shall issue regulations with regard to these | 8 | | requirements and shall include
an evaluation of compliance | 9 | | with this Section in his or her periodic
examination of | 10 | | each licensee. | 11 | | (s) "Purchasing" shall mean the purchase of | 12 | | conventional or
government-insured mortgage loans secured | 13 | | by residential real estate
situated in Illinois from either | 14 | | the lender or from the secondary market. | 15 | | (t) "Borrower" shall mean the person or persons who | 16 | | seek the services of
a loan broker, originator, or lender. | 17 | | (u) "Originating" shall mean the issuing of | 18 | | commitments for and funding of
residential mortgage loans. | 19 | | (v) "Loan brokerage agreement" shall mean a written | 20 | | agreement in which a
broker or loan broker agrees to do | 21 | | either of the following: | 22 | | (1) obtain a residential mortgage loan for the | 23 | | borrower or assist the
borrower in obtaining a | 24 | | residential mortgage loan; or | 25 | | (2) consider making a residential mortgage loan to | 26 | | the borrower. |
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| 1 | | (w) "Advertisement" shall mean the attempt by | 2 | | publication,
dissemination, or circulation to induce, | 3 | | directly or indirectly,
any person to enter into a | 4 | | residential mortgage loan agreement or
residential | 5 | | mortgage loan brokerage agreement relative to a
mortgage | 6 | | secured by residential real estate situated in Illinois. | 7 | | (x) "Residential Mortgage Board" shall mean the | 8 | | Residential Mortgage
Board created in Section 1-5 of this | 9 | | Act. | 10 | | (y) "Government-insured mortgage loan" shall mean any | 11 | | mortgage loan made
on the security of residential real | 12 | | estate insured by the Department of
Housing and Urban | 13 | | Development or Farmers Home Loan Administration, or
| 14 | | guaranteed by the Veterans Administration. | 15 | | (z) "Annual audit" shall mean a certified audit of the | 16 | | licensee's books and
records and systems of internal | 17 | | control performed by a certified public
accountant in | 18 | | accordance with generally accepted accounting principles
| 19 | | and generally accepted auditing standards. | 20 | | (aa) "Financial institution" shall mean a savings and | 21 | | loan
association, savings bank, credit union, or a bank | 22 | | organized under the
laws of Illinois or a savings and loan | 23 | | association, savings bank,
credit union or a bank organized | 24 | | under the laws of the United States and
headquartered in | 25 | | Illinois. | 26 | | (bb) "Escrow agent" shall mean a third party, |
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| 1 | | individual or entity
charged with the fiduciary obligation | 2 | | for holding escrow funds on a
residential mortgage loan | 3 | | pending final payout of those funds
in accordance with the | 4 | | terms of the residential mortgage loan. | 5 | | (cc) "Net worth" shall have the meaning ascribed | 6 | | thereto in Section 3-5
of this Act. | 7 | | (dd) "Affiliate" shall mean: | 8 | | (1) any entity that directly controls or is | 9 | | controlled by the licensee
and any other company that | 10 | | is directly affecting activities regulated by
this Act | 11 | | that is controlled by the company that controls the | 12 | | licensee; | 13 | | (2) any entity: | 14 | | (A) that is controlled, directly or | 15 | | indirectly, by a trust or otherwise,
by or for the | 16 | | benefit of shareholders who beneficially or | 17 | | otherwise
control, directly or indirectly, by | 18 | | trust or otherwise, the licensee or any
company | 19 | | that controls the licensee; or | 20 | | (B) a majority of the directors or trustees of | 21 | | which constitute a
majority of the persons holding | 22 | | any such office with the licensee or any
company | 23 | | that controls the licensee; | 24 | | (3) any company, including a real estate | 25 | | investment trust, that is
sponsored and advised on a | 26 | | contractual basis by the licensee or any
subsidiary or |
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| 1 | | affiliate of the licensee. | 2 | | (ee) "First tier subsidiary" shall be defined by | 3 | | regulation
incorporating the comparable definitions used | 4 | | by the Office of the
Comptroller of the Currency and the | 5 | | Illinois Commissioner of Banks
and Real Estate. | 6 | | (ff) "Gross delinquency rate" means the quotient | 7 | | determined by dividing
(1) the sum of (i) the number of | 8 | | government-insured residential mortgage loans
funded or | 9 | | purchased by a licensee in the preceding calendar year that | 10 | | are
delinquent and (ii) the number of conventional | 11 | | residential mortgage loans
funded or purchased by the | 12 | | licensee in the preceding calendar year that are
delinquent | 13 | | by (2) the sum of (i) the number of government-insured | 14 | | residential
mortgage loans funded or purchased by the | 15 | | licensee in the preceding calendar
year and (ii) the number | 16 | | of conventional residential mortgage loans funded or
| 17 | | purchased by the licensee in the preceding calendar year. | 18 | | (gg) "Delinquency rate factor" means the factor set by | 19 | | rule of the
Commissioner that is multiplied by the average | 20 | | gross delinquency rate of
licensees, determined annually | 21 | | for the immediately preceding calendar year, for
the | 22 | | purpose of determining which licensees shall be examined by | 23 | | the
Commissioner pursuant to subsection (b) of Section 4-8 | 24 | | of this Act. | 25 | | (hh) "Loan originator" means any natural person who, | 26 | | for compensation or in
the expectation of compensation, |
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| 1 | | either directly or indirectly makes, offers to
make, | 2 | | solicits, places, or negotiates a residential mortgage | 3 | | loan. This definition applies only to Section 7-1 of this | 4 | | Act. | 5 | | (ii) "Confidential supervisory information" means any | 6 | | report of examination, visitation, or investigation | 7 | | prepared by the Commissioner under this Act, any report of | 8 | | examination visitation, or investigation prepared by the | 9 | | state regulatory authority of another state that examines a | 10 | | licensee, any document or record prepared or obtained in | 11 | | connection with or relating to any examination, | 12 | | visitation, or investigation, and any record prepared or | 13 | | obtained by the Commissioner to the extent that the record | 14 | | summarizes or contains information derived from any | 15 | | report, document, or record described in this subsection. | 16 | | "Confidential supervisory information" does not include | 17 | | any information or record routinely prepared by a licensee | 18 | | and maintained in the ordinary course of business or any | 19 | | information or record that is required to be made publicly | 20 | | available pursuant to State or federal law or rule.
| 21 | | (jj) "Mortgage loan originator" means an individual | 22 | | who for compensation or gain or in the expectation of | 23 | | compensation or gain: | 24 | | (i) takes a residential mortgage loan application; | 25 | | or | 26 | | (ii) offers or negotiates terms of a residential |
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| 1 | | mortgage loan. | 2 | | "Mortgage loan originator" includes an individual | 3 | | engaged in loan modification activities as defined in | 4 | | subsection (yy) of this Section. A mortgage loan originator | 5 | | engaged in loan modification activities shall report those | 6 | | activities to the Department of Financial and Professional | 7 | | Regulation in the manner provided by the Department; | 8 | | however, the Department shall not impose a fee for | 9 | | reporting, nor require any additional qualifications to | 10 | | engage in those activities beyond those provided pursuant | 11 | | to this Act for mortgage loan originators. | 12 | | "Mortgage loan originator" does not include an | 13 | | individual engaged solely as a loan processor or | 14 | | underwriter except as otherwise provided in subsection (d) | 15 | | of Section 7-1A of this Act. | 16 | | "Mortgage loan originator" does not include a person or | 17 | | entity that only performs real estate brokerage activities | 18 | | and is licensed in accordance with the Real Estate License | 19 | | Act of 2000, unless the person or entity is compensated by | 20 | | a lender, a mortgage broker, or other mortgage loan | 21 | | originator, or by any agent of that lender, mortgage | 22 | | broker, or other mortgage loan originator. | 23 | | "Mortgage loan originator" does not include a person or | 24 | | entity solely involved in extensions of credit relating to | 25 | | timeshare plans, as that term is defined in Section | 26 | | 101(53D) of Title 11, United States Code. |
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| 1 | | (kk) "Depository institution" has the same meaning as | 2 | | in Section 3 of the Federal Deposit Insurance Act, and | 3 | | includes any credit union. | 4 | | (ll) "Dwelling" means a residential structure or | 5 | | mobile home which contains one to 4 family housing units, | 6 | | or individual units of condominiums or cooperatives. | 7 | | (mm) "Immediate family member" means a spouse, child, | 8 | | sibling, parent, grandparent, or grandchild, and includes | 9 | | step-parents, step-children, step-siblings, or adoptive | 10 | | relationships. | 11 | | (nn) "Individual" means a natural person. | 12 | | (oo) "Loan processor or underwriter" means an | 13 | | individual who performs clerical or support duties as an | 14 | | employee at the direction of and subject to the supervision | 15 | | and instruction of a person licensed, or exempt from | 16 | | licensing, under this Act. "Clerical or support duties" | 17 | | includes subsequent to the receipt of an application: | 18 | | (i) the receipt, collection, distribution, and | 19 | | analysis of information common for the processing or | 20 | | underwriting of a residential mortgage loan; and | 21 | | (ii) communicating with a consumer to obtain the | 22 | | information necessary for the processing or | 23 | | underwriting of a loan, to the extent that the | 24 | | communication does not include offering or negotiating | 25 | | loan rates or terms, or counseling consumers about | 26 | | residential mortgage loan rates or terms. An |
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| 1 | | individual engaging solely in loan processor or | 2 | | underwriter activities shall not represent to the | 3 | | public, through advertising or other means of | 4 | | communicating or providing information, including the | 5 | | use of business cards, stationery, brochures, signs, | 6 | | rate lists, or other promotional items, that the | 7 | | individual can or will perform any of the activities of | 8 | | a mortgage loan originator. | 9 | | (pp) "Nationwide Mortgage Licensing System and | 10 | | Registry" means a mortgage licensing system developed and | 11 | | maintained by the Conference of State Bank Supervisors and | 12 | | the American Association of Residential Mortgage | 13 | | Regulators for the licensing and registration of licensed | 14 | | mortgage loan originators. | 15 | | (qq) "Nontraditional mortgage product" means any | 16 | | mortgage product other than a 30-year fixed rate mortgage. | 17 | | (rr) "Person" means a natural person, corporation, | 18 | | company, limited liability company, partnership, or | 19 | | association. | 20 | | (ss) "Real estate brokerage activity" means any | 21 | | activity that involves offering or providing real estate | 22 | | brokerage services to the public, including: | 23 | | (1) acting as a real estate agent or real estate | 24 | | broker for a buyer, seller, lessor, or lessee of real | 25 | | property; | 26 | | (2) bringing together parties interested in the |
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| 1 | | sale, purchase, lease, rental, or exchange of real | 2 | | property; | 3 | | (3) negotiating, on behalf of any party, any | 4 | | portion of a contract relating to the sale, purchase, | 5 | | lease, rental, or exchange of real property, other than | 6 | | in connection with providing financing with respect to | 7 | | any such transaction; | 8 | | (4) engaging in any activity for which a person | 9 | | engaged in the activity is required to be registered or | 10 | | licensed as a real estate agent or real estate broker | 11 | | under any applicable law; or | 12 | | (5) offering to engage in any activity, or act in | 13 | | any capacity, described in this subsection (ss). | 14 | | (tt) "Registered mortgage loan originator" means any | 15 | | individual that: | 16 | | (1) meets the definition of mortgage loan | 17 | | originator and is an employee of: | 18 | | (A) a depository institution; | 19 | | (B) a subsidiary that is: | 20 | | (i) owned and controlled by a depository | 21 | | institution; and | 22 | | (ii) regulated by a federal banking | 23 | | agency; or | 24 | | (C) an institution regulated by the Farm | 25 | | Credit Administration; and | 26 | | (2) is registered with, and maintains a unique |
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| 1 | | identifier through, the Nationwide Mortgage Licensing | 2 | | System and Registry. | 3 | | (uu) "Unique identifier" means a number or other | 4 | | identifier assigned by protocols established by the | 5 | | Nationwide Mortgage Licensing System and Registry. | 6 | | (vv) "Residential mortgage license" means a license | 7 | | issued pursuant to Section 1-3, 2-2, or 2-6 of this Act. | 8 | | (ww) "Mortgage loan originator license" means a | 9 | | license issued pursuant to Section 7-1A, 7-3, or 7-6 of | 10 | | this Act. | 11 | | (xx) "Secretary" means the Secretary of the Department | 12 | | of Financial and Professional Regulation, or a person | 13 | | authorized by the Secretary or by this Act to act in the | 14 | | Secretary's stead. | 15 | | (yy) "Loan modification" means, for compensation or | 16 | | gain, either directly or indirectly offering or | 17 | | negotiating on behalf of a borrower or homeowner to adjust | 18 | | the terms of a residential mortgage loan in a manner not | 19 | | provided for in the original or previously modified | 20 | | mortgage loan. | 21 | | (zz) "Short sale facilitation" means, for compensation | 22 | | or gain, either directly or indirectly offering or | 23 | | negotiating on behalf of a borrower or homeowner to | 24 | | facilitate the sale of residential real estate subject to | 25 | | one or more residential mortgage loans or debts | 26 | | constituting liens on the property in which the proceeds |
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| 1 | | from selling the residential real estate will fall short of | 2 | | the amount owed and the lien holders are contacted to agree | 3 | | to release their lien on the residential real estate and | 4 | | accept less than the full amount owed on the debt. | 5 | | The Commissioner may define by rule and regulation any | 6 | | terms used
in this Act for the efficient and clear | 7 | | administration of this Act. | 8 | | (Source: P.A. 98-749, eff. 7-16-14; 98-1081, eff. 1-1-15; | 9 | | 99-78, eff. 7-20-15.)".
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