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HB 4011 Illinois House · 96th Regular Session

MORTGAGE LOAN ORIGINATORS

Summary
Amends the Residential Mortgage License Act of 1987. States the purpose of the State's participation in the Nationwide Mortgage Licensing System and Registry. Contains provisions concerning (1) the application process, (2) the application form, and (3) averments of a licensee. Contains provisions concerning license issuance and renewal, including fees. Specifies the office and staff requirements for licensees. Provides that the Commissioner of Banks and Real Estate may enter into agreements in connection with the Nationwide Mortgage Licensing System and Registry. Prohibits the Commissioner from specified activities. Contains provisions concerning the suspension and revocation of licenses. Provides that the Director of the Division of Banking of the Department of Financial and Professional Regulation shall have additional investigation and examination authority. Contains provisions concerning the confidentiality of information associated with the Registry. Contains provisions concerning a mortgage loan originator license, its application, and issuance procedures. Contains provisions concerning pre-licensing education and testing of mortgage loan originators. Contains provisions concerning (1) license renewal standards and (2) continuing education of mortgage loan originators. Contains provisions concerning the duties, processes, discipline, bond requirements, and prohibited acts with respect to the Registry and mortgage loan originators. Makes other changes. Contains a severability clause. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2009
Committee Review
May 2009
House Passage
May 2009
Senate Passage
May 2009
Signed into Law
Jul 2009
Introduced Apr 15, 2009 Signed Jul 31, 2009
Floor votes · Senate May 19, 2009 · House May 30, 2009

How they voted

53–0
Passed · 2 other
Total votes 55
May 19, 2009
D Democratic34
33 Yea 1
97% Yea
R Republican21
20 Yea 1
95% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
66
Key actions
17
Committee
22
Amendments
13
Jul 31, 2009
Signed into law
Governor Approved
lower
May 30, 2009
Lower · Passed
Passed Both Houses
lower
May 30, 2009
Introduced
Senate Floor Amendment No. 3 House Concurs 117-000-000
lower
May 30, 2009
Lower · Passed
Senate Committee Amendment No. 2 House Concurs 117-000-000
lower
May 26, 2009
Lower · Passed
Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
lower
May 26, 2009
Lower · Passed
Senate Committee Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
lower
May 19, 2009
Committee
Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
lower
May 19, 2009
Committee
Senate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee
lower
May 19, 2009
Introduced
Senate Floor Amendment No. 3 Motion Filed Concur Rep. Marlow H. Colvin
lower
May 19, 2009
Lower · Passed
Senate Committee Amendment No. 2 Motion Filed Concur Rep. Marlow H. Colvin
lower
May 19, 2009
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 2, 3
lower
May 19, 2009
Introduced
Arrived in House
lower
May 19, 2009
Amended
Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
upper
May 19, 2009
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Raoul
upper
May 19, 2009
Senate · Passed
Senate Vote: pass (53-0-2)
senate
May 18, 2009
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 010-000-000
upper
May 18, 2009
Introduced
Senate Floor Amendment No. 3 Assignments Refers to Financial Institutions
upper
May 17, 2009
Committee
Senate Floor Amendment No. 3 Referred to Assignments
upper
May 17, 2009
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Kwame Raoul
upper
May 8, 2009
Committee
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
upper
May 7, 2009
Upper · Passed
Do Pass as Amended Financial Institutions; 011-000-000
upper
May 7, 2009
Upper · Passed
Senate Committee Amendment No. 2 Adopted
upper
May 7, 2009
Upper · Passed
Senate Committee Amendment No. 1 Held in Financial Institutions
upper
May 6, 2009
Upper · Passed
Senate Committee Amendment No. 2 Assignments Refers to Financial Institutions
upper
May 6, 2009
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
upper
May 6, 2009
Committee
Senate Committee Amendment No. 2 Referred to Assignments
upper
May 6, 2009
Introduced
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Kwame Raoul
upper
May 5, 2009
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
May 5, 2009
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul
upper
Apr 22, 2009
Committee
Assigned to Financial Institutions
upper
Apr 15, 2009
Committee
Referred to Assignments
upper
Apr 15, 2009
Introduced
Arrive in Senate
upper
Apr 1, 2009
Lower · Passed
House Floor Amendment No. 1 Adopted by Voice Vote
lower
Mar 31, 2009
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Business & Occupational Licenses Committee; 009-000-000
lower
Mar 30, 2009
Lower · Passed
House Floor Amendment No. 1 Rules Refers to Business & Occupational Licenses Committee
lower
Mar 26, 2009
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Mar 26, 2009
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Marlow H. Colvin
lower
Mar 11, 2009
Lower · Passed
Do Pass / Short Debate Business & Occupational Licenses Committee; 013-000-000
lower
Mar 3, 2009
Committee
Assigned to Business & Occupational Licenses Committee
lower
Feb 26, 2009
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.