Thomas Holbrook
- Democratic
Primary
Amends the Illinois Credit Union Act. Provides that under specified circumstances, a credit union may determine its historical loss rate using a defined period of time of less than 5 years in determining the appropriate balance in the allowance for loan losses account. Allows a credit union to sell to persons within its field of membership negotiable checks, to sell checks and money orders, and to receive international and domestic electronic fund transfers for such persons for a fee. Allows credit unions to make first mortgage real estate loans for more than the estimated market value or appraised value of the real estate securing the loans where secured in full or in part by the insurance or guarantee of the federal government, a state government, or any political subdivision of either. Adds provisions concerning credit contracts. Effective immediately.
Session Sine Die
Rule 19(b) / Re-referred to Rules Committee
Senate Committee Amendment No. 1 Motion Filed Non-Concur Rep. Thomas Holbrook
Third Reading - Passed; 057-000-000
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
Arrived in House
Placed on Calendar Order of 2nd Reading May 28, 2008
Added as Alternate Chief Co-Sponsor Sen. Kimberly A. Lightford
Placed on Calendar Order of 3rd Reading May 29, 2008
Second Reading
Do Pass as Amended Financial Institutions; 008-000-000
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
Senate Committee Amendment No. 1 Referred to Rules
Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
Assigned to Financial Institutions
Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2008
Rule 2-10 Committee Deadline Established As May 22, 2008; Substantive House Bills Out of Committee
First Reading
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. William R. Haine
Referred to Rules
Added Chief Co-Sponsor Rep. Patrick J Verschoore
Third Reading - Short Debate - Passed 109-000-001
Final Action Deadline Extended-9(b) May 9, 2008
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Added Chief Co-Sponsor Rep. Michael K. Smith
Added Chief Co-Sponsor Rep. Mike Boland
Added Chief Co-Sponsor Rep. Daniel V. Beiser
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Financial Institutions Committee; 015-000-000
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
Assigned to Financial Institutions Committee
Final Action Deadline Extended-9(b) April 18, 2008
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Thomas Holbrook
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Document | Format |
|---|---|
| Senate Amendment 001 | |
| House Amendment 001 |
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