HB 2576 Illinois House · 93rd Regular Session

MORTGAGE LICENSEE DISCIPLINE

Summary

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.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2003

Committee Review

Floor Vote

Governor

Introduced Feb 20, 2003 Last action Jan 11, 2005

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 11, 2005

House · Failed

Session Sine Die

Mar 13, 2003

House · Referred to committee

Rule 19(a) / Re-referred to Rules Committee

Mar 5, 2003

House · Referred to committee

Re-assigned to Financial Institutions Committee

Feb 26, 2003

House · Referred to committee

Assigned to Executive Committee

Feb 20, 2003

House · Referred to committee

Referred to Rules Committee

0 primary · 1 co-sponsor