WOOD-BUGIELSKI-DEUCHLER. (O'MALLEY-REA-WALSH,T) 20 ILCS 3205/5 from Ch. 17, par. 455 205 ILCS 5/2 from Ch. 17, par. 302 205 ILCS 5/5 from Ch. 17, par. 311 205 ILCS 5/7 from Ch. 17, par. 314 205 ILCS 5/8 from Ch. 17, par. 315 205 ILCS 5/9 from Ch. 17, par. 316 205 ILCS 5/13 from Ch. 17, par. 320 205 ILCS 5/13.5 new 205 ILCS 5/14 from Ch. 17, par. 321 205 ILCS 5/16 from Ch. 17, par. 323 205 ILCS 5/16.5 new 205 ILCS 5/17 from Ch. 17, par. 324 205 ILCS 5/32 from Ch. 17, par. 339 205 ILCS 5/34 from Ch. 17, par. 342 205 ILCS 5/35 from Ch. 17, par. 343 205 ILCS 5/48 from Ch. 17, par. 359 205 ILCS 5/48.3 from Ch. 17, par. 360.2 205 ILCS 5/79 from Ch. 17, par. 391 205 ILCS 10/3.1 from Ch. 17, par. 2510.1 205 ILCS 205/1006 from Ch. 17, par. 7301-6 205 ILCS 205/1007.20 from Ch. 17, par. 7301-7.20 205 ILCS 205/1007.115 new 205 ILCS 205/1008 from Ch. 17, par. 7301-8 205 ILCS 205/1009 from Ch. 17, par. 7301-9 205 ILCS 205/3004 from Ch. 17, par. 7303-4 205 ILCS 205/4008 from Ch. 17, par. 7304-8 205 ILCS 205/5001 from Ch. 17, par. 7305-1 205 ILCS 205/6002 from Ch. 17, par. 7306-2 205 ILCS 205/9011 from Ch. 17, par. 7309-11 205 ILCS 205/9014 from Ch. 17, par. 7309-14 205 ILCS 205/9015 from Ch. 17, par. 7309-15 205 ILCS 205/10001 from Ch. 17, par. 7310-1 205 ILCS 205/10002 from Ch. 17, par. 7310-2 205 ILCS 205/10004 from Ch. 17, par. 7310-4 205 ILCS 616/70 205 ILCS 616/75 205 ILCS 620/1-8 from Ch. 17, par. 1551-8 205 ILCS 620/2-7 from Ch. 17, par. 1552-7 205 ILCS 620/2-12 new 205 ILCS 620/5-2 from Ch. 17, par. 1555-2 205 ILCS 620/5-6 from Ch. 17, par. 1555-6 205 ILCS 620/9-1 from Ch. 17, par. 1559-1 205 ILCS 620/9-2 from Ch. 17, par. 1559-2 205 ILCS 635/2-4 from Ch. 17, par. 2322-4 205 ILCS 635/2-6 from Ch. 17, par. 2322-6 205 ILCS 635/2-7 from Ch. 17, par. 2322-7 205 ILCS 635/3-4 from Ch. 17, par. 2323-4 205 ILCS 635/4-2 from Ch. 17, par. 2324-2 205 ILCS 635/4-8 from Ch. 17, par. 2324-8 205 ILCS 635/4-9 rep. 205 ILCS 645/5 from Ch. 17, par. 2712 205 ILCS 645/9 from Ch. 17, par. 2716 205 ILCS 645/11 from Ch. 17, par. 2718 205 ILCS 645/13 from Ch. 17, par. 2720 205 ILCS 650/7 new 805 ILCS 5/1.80 from Ch. 32, par. 1.80 805 ILCS 5/11.31 new 805 ILCS 5/11.32 new Amends numerous Acts related to the regulation of the banking and real estate industries. Permits banks to retain certain real estate for 10, rather than 5, years. Provides that the Commissioner of Banks and Real Estate may, after receiving certain notices from banks, reduce the length of the notice period. Authorizes banks to invest 10%, rather than 5%, of capital and surplus in community development projects. Provides for the formation and merger of interim banks. Prohibits banks and corporate fiduciaries from employing individuals convicted of certain offenses without the approval of the Commissioner. Provides that banks must be examined once every 18, rather than 12, months. Authorizes savings banks to conduct transactions through affiliate facilities. Allows a reduction in the frequency of meetings of the directors of a savings bank. Changes the method of calculating the mortgage default rate for licensees under the Residential Mortgage License Act of 1987. Makes other changes. Defines terms. Effective immediately. 97-03-04 H FIRST READING 97-03-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-05 H ASSIGNED TO COMMITTEE FIN INSTIT 97-03-07 H ADDED AS A JOINT SPONSOR BUGIELSKI 97-03-07 H ADDED AS A CO-SPONSOR DEUCHLER 97-03-12 H DO PASS/SHORT DEBATE 029-000-000 HFIN 97-03-12 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-03-12 H SECOND READING-SHORT DEBATE 97-03-12 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-08 H THIRD READING/SHORT DEBATE/PASSED 110-001-002 97-04-09 S ARRIVE IN SENATE 97-04-09 S PLACED CALENDAR ORDER OF FIRST READING 97-04-10 97-04-10 S CHIEF SPONSOR O'MALLEY 97-04-10 S FIRST READING 97-04-10 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-23 S ADDED AS A CHIEF CO-SPONSOR REA 97-04-23 S ADDED AS A CHIEF CO-SPONSOR WALSH,T 97-04-24 S ASSIGNED TO COMMITTEE FIN INST 97-05-01 S DO PASS 008-000-000 SFIC 97-05-01 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-06 97-05-07 S SECOND READING 97-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-08 97-05-09 S THIRD READING - PASSED 055-000-001 97-05-09 H PASSED BOTH HOUSES 97-06-06 H SENT TO THE GOVERNOR 97-08-01 H GOVERNOR APPROVED 97-08-01 H EFFECTIVE DATE 97-08-01 97-08-01 H PUBLIC ACT.............................. 90-0301 END OF INQUIRY Full Text Bill Summary