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SB 1667 Illinois Senate · 98th Regular Session

MORTGAGE-LICENSE EXEMPTION

Summary
Amends the Residential Mortgage License Act of 1987. Provides that persons exempt from licensure as a federally chartered savings bank registered with the Nationwide Mortgage Licensing System and Registry may apply for an exempt company registration for the purpose of sponsoring one or more individuals subject to the mortgage loan originator licensing requirements of the Act. Establishes requirements for exempt company registration and denial, suspension, or revocation of the registration. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2013
Committee Review
May 2013
Senate Passage
May 2013
House Passage
May 2013
Signed into Law
Aug 2013
Introduced Apr 24, 2013 Signed Aug 16, 2013
Floor votes · Senate Apr 23, 2013 · House May 23, 2013

How they voted

49–0
Passed · 5 other
Total votes 54
Apr 23, 2013
D Democratic36
32 Yea 4
88% Yea
R Republican18
17 Yea 1
94% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
47
Key actions
7
Committee
7
Amendments
4
Aug 16, 2013
Signed into law
Governor Approved
upper
May 23, 2013
Upper · Passed
Passed Both Houses
upper
May 23, 2013
House · Passed
House Vote: pass (97-3-6)
house
May 7, 2013
Lower · Passed
Do Pass / Short Debate Financial Institutions Committee; 011-000-000
lower
Apr 30, 2013
Committee
Assigned to Financial Institutions Committee
lower
Apr 30, 2013
Committee
Referred to Rules Committee
lower
Apr 24, 2013
Introduced
Arrived in House
lower
Apr 23, 2013
Senate · Passed
Senate Vote: pass (49-0-5)
senate
Apr 18, 2013
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Collins
upper
Apr 17, 2013
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 009-000-000
upper
Apr 16, 2013
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
upper
Apr 15, 2013
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
Apr 15, 2013
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
upper
Mar 20, 2013
Upper · Passed
Do Pass Financial Institutions; 008-000-000
upper
Feb 27, 2013
Committee
Assigned to Financial Institutions
upper
Feb 13, 2013
Committee
Referred to Assignments
upper
0 primary · 5 co-sponsors

Sponsors

No sponsor information available.