Barbara Flynn Currie
- Democratic
Primary
Amends the Residential Mortgage License Act of 1987. Defines "loan modification" and "short sale facilitation". Authorizes the Director of the Division of Banking of the Department of Financial and Professional Regulation to establish relationships or contracts with the Nationwide Mortgage Licensing System and Registry. Provides that residential mortgage license applicants may be required to furnish information to the Nationwide Mortgage Licensing System and Registry. Provides that each application for a license or for the renewal of a license shall be accompanied by an averment stating that the applicant will not charge or collect advance payments from borrowers or homeowners for engaging in loan modification or short sale facilitation. Amends the Residential Real Property Disclosure Act. Provides that, for each loan, a broker or loan originator must submit information concerning the borrower's debt to income ratio for inclusion in the predatory lending database. Effective immediately, except that certain provisions take effect on January 1, 2013.
Governor Approved
Public Act . . . . . . . . . 97-0891
Effective Date August 3, 2012; - Some Parts Effective January 01, 2013
Sent to the Governor
Passed Both Houses
Senate Floor Amendment No. 1 House Concurs 066-052-000
Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
Senate Floor Amendment No. 1 Motion Filed Concur Rep. Barbara Flynn Currie
Chief Sponsor Changed to Rep. Barbara Flynn Currie
Third Reading - Passed; 032-021-000
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
Arrived in House
Recalled to Second Reading
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 1 Adopted; Cullerton
Rule 2-10 Third Reading Deadline Established As May 31, 2012
Alternate Chief Sponsor Changed to Sen. Jacqueline Y. Collins
Sponsor Removed Sen. Jacqueline Y. Collins
Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 015-000-000
Senate Floor Amendment No. 1 Assignments Refers to Executive
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
Second Reading
Placed on Calendar Order of 3rd Reading May 21, 2012
Placed on Calendar Order of 2nd Reading May 1, 2012
Do Pass Executive; 011-002-000
Held in Executive
Assigned to Executive
Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. John J. Cullerton
First Reading
Referred to Assignments
Added Co-Sponsor Rep. Esther Golar
Added Co-Sponsor Rep. Kenneth Dunkin
Added Co-Sponsor Rep. Camille Y. Lilly
Added Co-Sponsor Rep. Arthur Turner
Added Co-Sponsor Rep. William Davis
Third Reading - Short Debate - Passed 068-047-000
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 2 Adopted by Voice Vote
Second Reading - Short Debate
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
House Floor Amendment No. 2 Referred to Rules Committee
House Floor Amendment No. 2 Filed with Clerk by Rep. Marlow H. Colvin
Added Chief Co-Sponsor Rep. Maria Antonia Berrios
Added Chief Co-Sponsor Rep. Elizabeth Hernandez
Added Chief Co-Sponsor Rep. Monique D. Davis
Added Chief Co-Sponsor Rep. Jehan A. Gordon
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Consumer Protection Committee; 015-006-000
House Committee Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote
House Committee Amendment No. 1 Rules Refers to Consumer Protection Committee
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Marlow H. Colvin
Assigned to Consumer Protection Committee
Referred to Rules Committee
First Reading
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 001 | |
| House Amendment 002 | |
| House Amendment 001 |
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