SCH CD-CONSUMER ED-HOMEOWNER Senate SponsorsSen. Jacqueline Y. Collins, Linda Holmes and David Koehler-Mattie Hunter House Sponsors(Rep. Karen A. Yarbrough-Paul D. Froehlich-Michael K. Smith-Cynthia Soto-Deborah L. Graham, Monique D. Davis, Esther Golar, Marlow H. Colvin, Charles E. Jefferson, Al Riley, William Davis, Elizabeth Hernandez, Daniel J. Burke, Elga L. Jefferies, Elaine Nekritz and LaShawn K. Ford) 8/19/2008SenatePublic Act . . . . . . . . . 95-0863 105 ILCS 5/27-12.1from Ch. 122, par. 27-12.1Amends the School Code. Adds homeownership, including the basic process of obtaining a mortgage and the concepts of fixed and adjustable rate mortgages, subprime loans, and predatory lending, as part of the financial literacy component of consumer education. 2/14/2008SenateFiled with Secretary by Sen. Jacqueline Y. Collins 2/14/2008SenateFirst Reading 2/14/2008SenateReferred to Rules 2/27/2008SenateAssigned to Education 2/28/2008SenateAdded as Co-Sponsor Sen. Linda Holmes 3/6/2008SenateDo Pass Education; 008-001-000 3/6/2008SenatePlaced on Calendar Order of 2nd Reading March 11, 2008 3/12/2008SenateSecond Reading 3/12/2008SenatePlaced on Calendar Order of 3rd Reading March 13, 2008 4/1/2008SenateAdded as Co-Sponsor Sen. David Koehler 4/1/2008SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 4/1/2008SenateThird Reading - Passed; 042-008-000 4/1/2008HouseArrived in House 4/1/2008HousePlaced on Calendar Order of First Reading 4/2/2008HouseChief House Sponsor Rep. Karen A. Yarbrough 4/2/2008HouseAdded Alternate Chief Co-Sponsor Rep. Paul D. Froehlich 4/2/2008HouseAdded Alternate Chief Co-Sponsor Rep. Michael K. Smith 4/2/2008HouseAdded Alternate Chief Co-Sponsor Rep. Cynthia Soto 4/2/2008HouseAdded Alternate Chief Co-Sponsor Rep. Deborah L. Graham 4/2/2008HouseFirst Reading 4/2/2008HouseReferred to Rules Committee 5/1/2008HouseAssigned to Elementary & Secondary Education Committee 5/9/2008HouseCommittee Deadline Extended-Rule 9(b) May 23, 2008 5/14/2008HouseDo Pass / Short Debate Elementary & Secondary Education Committee; 014-004-000 5/14/2008HousePlaced on Calendar 2nd Reading - Short Debate 5/14/2008HouseAdded Alternate Co-Sponsor Rep. Monique D. Davis 5/14/2008HouseAdded Alternate Co-Sponsor Rep. Esther Golar 5/14/2008HouseAdded Alternate Co-Sponsor Rep. Marlow H. Colvin 5/14/2008HouseAdded Alternate Co-Sponsor Rep. Charles E. Jefferson 5/16/2008HouseAdded Alternate Co-Sponsor Rep. Al Riley 5/16/2008HouseAdded Alternate Co-Sponsor Rep. William Davis 5/16/2008HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez 5/16/2008HouseAdded Alternate Co-Sponsor Rep. Daniel J. Burke 5/16/2008HouseAdded Alternate Co-Sponsor Rep. Elga L. Jefferies 5/16/2008HouseAdded Alternate Co-Sponsor Rep. Elaine Nekritz 5/16/2008HouseAdded Alternate Co-Sponsor Rep. LaShawn K. Ford 5/19/2008HouseSecond Reading - Short Debate 5/19/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/22/2008HouseThird Reading - Short Debate - Passed 102-008-000 5/22/2008SenatePassed Both Houses 6/20/2008SenateSent to the Governor 8/19/2008SenateGovernor Approved 8/19/2008SenateEffective Date January 1, 2009 8/19/2008SenatePublic Act . . . . . . . . . 95-0863