WALSH,T. (LANG-DURKIN) 205 ILCS 305/46 from Ch. 17, par. 4447 205 ILCS 305/50 from Ch. 17, par. 4451 Amends the Illinois Credit Union Act. Provides that extensions of credit made by credit unions, other than those secured by residential real estate, need only comply with the Illinois Credit Union Act. Provides that an advance under a line of credit constitutes a loan. Effective immediately. HOUSING AFFORDABILITY IMPACT NOTE No fiscal effect on a single-family residence. FISCAL NOTE (Dpt. Financial Institutions) SB538 would have no fiscal impact on the Department. STATE DEBT NOTE, ENGROSSED SB538, engrossed, would not impact the level of State debt. STATE MANDATES FISCAL NOTE (DCCA) SB538 fails to create a State mandate. HOME RULE NOTE SB538 does not preempt home rule authority. 97-02-06 S FIRST READING 97-02-06 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE FIN INST 97-02-28 S DO PASS 007-000-000 SFIC 97-02-28 S PLACED ON CALENDAR ORDER OF 2ND READING 97-03-04 97-03-04 S SECOND READING 97-03-04 S PLACED ON CALENDAR ORDER OF 3RD READING 97-03-05 97-03-11 S THIRD READING - PASSED 058-000-000 97-03-11 H ARRIVE IN HOUSE 97-03-11 H PLACED CALENDAR ORDER OF FIRST READING 97-03-13 H HOUSE SPONSOR LANG 97-03-13 H FIRST READING 97-03-13 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-18 H ASSIGNED TO COMMITTEE FIN INSTIT 97-04-30 H DO PASS/SHORT DEBATE 027-000-000 HFIN 97-04-30 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-04-30 H FISCAL NOTE REQUESTED DEUCHLER 97-04-30 H STATE MANDATES FISCAL NOTE REQUESTED DEUCHLER 97-04-30 H HOUSING AFORDABLTY IMPCT NOTE REQUESTED DEUCHLER 97-04-30 H STATE DEBT IMPACT NOTE REQUESTED DEUCHLER 97-04-30 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-05 H HOUSING AFORDABILITY IMPCT NOTE FILED 97-05-05 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-06 H FISCAL NOTE FILED 97-05-06 H STATE DEBT IMPACT NOTE FILED AS ENGROSSED 97-05-06 H STATE MANDATES FISCAL NOTE REQST-WITHDRN DEUCHLER 97-05-06 H STATE MANDATES FISCAL NOTE FILED 97-05-06 H HOME RULE NOTE FILED 97-05-06 H SECOND READING-SHORT DEBATE 97-05-06 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-05-06 H ADDED AS A JOINT SPONSOR DURKIN 97-05-08 H THIRD READING/SHORT DEBATE/PASSED 108-006-002 97-05-08 S PASSED BOTH HOUSES 97-06-06 S SENT TO THE GOVERNOR 97-07-25 S GOVERNOR APPROVED 97-07-25 S EFFECTIVE DATE 97-07-25 97-07-25 S PUBLIC ACT.............................. 90-0222 END OF INQUIRY Full Text Bill Summary