Bill Status of HB 2576   93rd General Assembly

Short Description:  MORTGAGE LICENSEE DISCIPLINE

House Sponsors
Rep. Frank Aguilar

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 635/1-4from Ch. 17, par. 2321-4
205 ILCS 635/1-5from Ch. 17, par. 2321-5
205 ILCS 635/4-8from Ch. 17, par. 2324-8
205 ILCS 635/4-8.1 new
205 ILCS 635/4-8.2 new
205 ILCS 635/4-8.3 new
205 ILCS 635/4-8.4 new
205 ILCS 635/4-8.5 new
205 ILCS 635/4-8.6 new
205 ILCS 635/4-8.7 new
205 ILCS 635/4-8.8 new
205 ILCS 635/4-8.9 new
205 ILCS 635/4-8.10 new
205 ILCS 635/4-8.11 new

Synopsis As Introduced
Amends the Residential Mortgage License Act of 1987. Increases the size of the Residential Mortgage Board from 5 to 7 members. Provides that one of the additional members shall be a representative of the National Training and Information Center and one shall be a representative of the Woodstock Institute. Requires the board to meet at least 4 times each calendar year. Provides that the Commissioner of Banks and Real Estate or the board shall investigate licensees when there are facts that would constitute grounds for disciplinary action. Provides for hearings and procedures for the hearings. Effective immediately.

Actions 
DateChamber Action
  2/20/2003HouseFiled with the Clerk by Rep. Frank Aguilar
  2/20/2003HouseFirst Reading
  2/20/2003HouseReferred to Rules Committee
  2/26/2003HouseAssigned to Executive Committee
  3/5/2003HouseRe-assigned to Financial Institutions Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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