Illinois SB1281

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On November 30, 2016 in the Senate:

Bill Dead - Amendatory Veto

On November 15, 2016 in the Senate:

Placed on Calendar Amendatory Veto November 16, 2016

On November 10, 2016 in the Senate:

Governor Amendatory Veto

On September 12, 2016 in the Senate:

Motion Withdrawn Sen. John J. Cullerton
Passed Both Houses
Sent to the Governor

On May 31, 2015 in the Senate:

House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Linda Holmes
House Floor Amendment No. 2 Motion to Concur Referred to Assignments
House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
House Floor Amendment No. 2 Senate Concurs 054-000-000
Senate Concurs 054-000-000
Motion Filed to Reconsider Vote Sen. John J. Cullerton

On May 30, 2015 in the House:

House Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
House Floor Amendment No. 2 Referred to Rules Committee
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
House Floor Amendment No. 2 Adopted

On May 30, 2015 in the Senate:

Secretary's Desk - Concurrence House Amendment(s) 2

On May 30, 2015 in the House:

Placed on Calendar Order of 3rd Reading - Short Debate
Third Reading - Short Debate - Passed 112-000-000

On May 30, 2015 in the Senate:

Chief Sponsor Changed to Sen. Linda Holmes
Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 31, 2015

On May 29, 2015 in the House:

Final Action Deadline Extended-9(b) May 31, 2015
Assigned to Labor & Commerce Committee
Motion Filed to Suspend Rule 21 Labor & Commerce Committee; Rep. Barbara Flynn Currie
Motion Prevailed
House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
House Committee Amendment No. 1 Referred to Rules Committee
Alternate Chief Sponsor Changed to Rep. Jay Hoffman
Do Pass / Short Debate Labor & Commerce Committee; 025-000-000
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
Placed on Calendar 2nd Reading - Short Debate
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate

On April 29, 2015 in the Senate:

Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 008-000-000
Recalled to Second Reading
Senate Floor Amendment No. 1 Adopted; Collins
Placed on Calendar Order of 3rd Reading
Third Reading - Passed; 053-000-000

On April 29, 2015 in the House:

Arrived in House
First Reading
Referred to Rules Committee

On April 28, 2015 in the Senate:

Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions

On April 24, 2015 in the Senate:

Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015

On April 23, 2015 in the Senate:

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
Senate Floor Amendment No. 1 Referred to Assignments

On April 21, 2015 in the Senate:

Second Reading
Placed on Calendar Order of 3rd Reading April 22, 2015

On March 25, 2015 in the Senate:

Do Pass Financial Institutions; 009-000-000
Placed on Calendar Order of 2nd Reading March 26, 2015

On February 25, 2015 in the Senate:

Assigned to Financial Institutions

On February 18, 2015 in the Senate:

Filed with Secretary by Sen. Jacqueline Y. Collins
First Reading
Referred to Assignments

House Amendment 002

Replaces everything after the enacting clause. Amends the Environmental Protection Act. Requires the Environmental Protection Agency to adopt rules governing corrosion prevention projects affecting a public water supply. Amends the Illinois Highway Code. Authorizes the Department of Transportation to adopt rules governing corrosion prevention projects affecting eligible bridges. Exempts persons licensed under the Professional Engineering Practice Act of 1989 or the Structural Engineering Act of 1989. Provides for consideration of industry standards and the handling of hazardous materials. Defines terms. Effective July 1, 2016.

House Amendment 001

Senate Amendment 001

Replaces everything after the enacting clause. Creates the Reverse Mortgage Act. Establishes requirements for lenders of reverse mortgages, establishes disclosure requirements, requires a 3-day cooling-off period before a borrower can be bound by the loan terms, and prohibits certain activities by lenders. Amends the Attorney General Act. Provides that the Office of the Attorney General shall develop documents regarding reverse mortgage loans for the purpose of consumer education. Provides that only the Attorney General may enforce violations of the Act. Amends the Illinois Act on the Aging, the Illinois Banking Act, the Savings Bank Act, the Illinois Credit Union Act, and the Residential Mortgage License Act of 1987 to remove references to non-recourse reverse mortgage loans. Amends the Residential Mortgage License Act of 1987. Provides that any violation of the Reverse Mortgage Act by a residential mortgage licensee shall be considered a violation of the Residential Mortgage License Act of 1987. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that any person who knowingly violates the Reverse Mortgage Act commits an unlawful practice within the meaning of the Consumer Fraud and Deceptive Business Practices Act.