Amends the Department of Financial and Professional Regulation Law of the Civil Administrative Code of Illinois. Makes a technical change in a Section concerning the short title.
Rep. Bob Rita
Sponsored bills
Amends the Illinois Municipal Code. Creates a tax increment allocation financing extension for an ordinance adopted on May 2, 2002 by the Village of Crestwood. Effective immediately.
Amends the Illinois Vehicle Code. Provides that Illinois residents who are members of the Armed Forces of the United States and are stationed outside of the country for 4 months (instead of 6) shall, after their return to the United States, be entitled to credit for the unused portion of a vehicle registration at registration renewal. Effective January 1, 2014.
Amends the Illinois Vehicle Code. Makes a technical change in a Section concerning the short title.
Amends the Toll Highway Act. Makes a technical change in a definitions Section.
Amends the Real Estate License Act of 2000. Includes within the definition of "broker" an individual, partnership, limited liability company, corporation, or registered limited liability partnership who negotiates, facilitates, offers, attempts, or agrees to negotiation or facilitate the short sale of residential property or otherwise engages in short sale facilitation. Defines "short sale facilitation". Effective immediately.
Amends the Illinois Religious Freedom Protection and Civil Union Act. Makes a technical change in a Section concerning the short title.
Amends the Division of Banking Act. Authorizes the Secretary of Financial and Professional Regulation to establish a Commercial Bank Regulatory Section and a Savings Bank Regulatory Section within the Division. Amends the State Finance Act. Changes the name of the Savings and Residential Finance Regulatory Fund to the Residential Finance Regulatory Fund. Provides for expenditures from the Savings Institution Regulatory Fund and the Residential Finance Regulatory Fund related to the disposition of unclaimed property. Amends the Savings Bank Act. Provides that the Secretary may charter mutual and stock holding companies in connection with a mutual savings bank reorganization. Establishes the effect of the repeal of the Illinois Savings and Loan Act of 1985, including the regulation of entities formerly under the Illinois Savings and Loan Act as savings banks under the Savings Bank Act. Changes references from "member or shareholder" to "customer". Changes references from "Commissioner" to "Secretary". Makes changes to provisions concerning articles of incorporation, proxies, directors, access to books and records, regulations, investment in loans, loans to one borrower, mergers, conversion of an existing depository institution to a savings bank, powers of the Secretary, regulatory fees, and disclosure of reports of examinations and confidential supervisory information. Repeals the Illinois Savings and Loan Act of 1985. Makes other changes. Effective immediately.
Amends the Public Utilities Act. Makes a technical change in a Section concerning recovery of costs associated with the provision of delivery services.
Amends the Great Lakes-St. Lawrence River Basin Water Resources Compact Act. Makes a technical change in a Section concerning the short title.