Marlow H. Colvin
- Democratic
Primary
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.
Governor Approved
Effective Date July 31, 2009
Public Act . . . . . . . . . 96-0112
Sent to the Governor
Senate Floor Amendment No. 3 House Concurs 117-000-000
Passed Both Houses
Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
Senate Committee Amendment No. 2 House Concurs 117-000-000
Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
Senate Committee Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
Arrived in House
Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
Senate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee
Senate Floor Amendment No. 3 Motion Filed Concur Rep. Marlow H. Colvin
Senate Committee Amendment No. 2 Motion Filed Concur Rep. Marlow H. Colvin
Placed on Calendar Order of Concurrence Senate Amendment(s) 2, 3
Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
Third Reading - Passed; 057-000-001
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 3 Adopted; Raoul
Recalled to Second Reading
Senate Floor Amendment No. 3 Assignments Refers to Financial Institutions
Senate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 010-000-000
Senate Floor Amendment No. 3 Referred to Assignments
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Kwame Raoul
Placed on Calendar Order of 3rd Reading May 17, 2009
Second Reading
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Senate Committee Amendment No. 2 Adopted
Placed on Calendar Order of 2nd Reading May 12, 2009
Do Pass as Amended Financial Institutions; 011-000-000
Senate Committee Amendment No. 1 Held in Financial Institutions
Senate Committee Amendment No. 2 Assignments Refers to Financial Institutions
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Kwame Raoul
Senate Committee Amendment No. 2 Referred to Assignments
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul
Held in Financial Institutions
Alternate Chief Sponsor Changed to Sen. Kwame Raoul
Assigned to Financial Institutions
Placed on Calendar Order of First Reading
Arrive in Senate
Referred to Assignments
First Reading
Added as Alternate Chief Co-Sponsor Sen. Don Harmon
Chief Senate Sponsor Sen. John J. Cullerton
Third Reading - Short Debate - Passed 115-000-000
House Floor Amendment No. 1 Adopted by Voice Vote
Placed on Calendar Order of 3rd Reading - Short Debate
Recalled to Second Reading - Short Debate
House Floor Amendment No. 1 Recommends Be Adopted Business & Occupational Licenses Committee; 009-000-000
House Floor Amendment No. 1 Rules Refers to Business & Occupational Licenses Committee
House Floor Amendment No. 1 Referred to Rules Committee
House Floor Amendment No. 1 Filed with Clerk by Rep. Marlow H. Colvin
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Added Chief Co-Sponsor Rep. Angelo Saviano
Added Chief Co-Sponsor Rep. Deborah L. Graham
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Business & Occupational Licenses Committee; 013-000-000
Assigned to Business & Occupational Licenses Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Marlow H. Colvin
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 003 | |
| Senate Amendment 002 | |
| Senate Amendment 001 | |
| House Amendment 001 |
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