WALSH,T. (SAVIANO-BUGIELSKI-BASSI-MCAULIFFE) 205 ILCS 635/2-2 from Ch. 17, par. 2322-2 205 ILCS 635/2-4 from Ch. 17, par. 2322-4 Amends the Residential Mortgage License Act of 1987. Provides that an applicant who does not have 3 years experience in real estate finance must complete a program of education in real estate finance and fair lending before receiving a license rather than within 9 months of receiving an initial license. Provides that all persons who take residential mortgage applications employed by a licensee for at least 12 months must complete 3 hours of continuing education each year. SENATE AMENDMENT NO. 1. Adds reference to: 205 ILCS 635/2-9 from Ch. 17, par. 2322-9 205 ILCS 635/4-2 from Ch. 17, par. 2324-2 Requires licensees who originate loans on the Internet to post their license number and the address and telephone number of the Commissioner of Banks and Real Estate on their website. Provides that the Commissioner of Banks and Real Estate shall provide a sufficiently detailed report, rather than a full and detailed report, of each licensee's examination. SENATE AMENDMENT NO. 2. Deletes reference to: 205 ILCS 635/2-4 Deletes provision requiring continuing education for employees of licensees. HOUSE AMENDMENT NO. 1. Adds an immediate effective date. 99-02-18 S FIRST READING 99-02-18 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-24 S ASSIGNED TO COMMITTEE LICENSED ACT. 99-03-04 S POSTPONED 99-03-11 S POSTPONED 99-03-18 S AMENDMENT NO. 01-LICENSED ACT. S 99-03-18 S ADOPTED 99-03-18 S DO PASS AS AMENDED 008-000-000 SLIC 99-03-18 S PLACED ON CALENDAR ORDER OF 2ND READING 99-03-19 99-03-23 S FILED WITH SECRETARY 99-03-23 S AMENDMENT NO. 02-WALSH,T 99-03-23 S AMENDMENT REFERRED TO SRUL 99-03-23 S AMENDMENT NO. 02-WALSH,T 99-03-23 S RULES REFERS TO SLIC 99-03-24 S AMENDMENT NO. 02-WALSH,T 99-03-24 S BE ADOPTED SLIC/007-000-000 99-03-24 S SECOND READING 99-03-24 S AMENDMENT NO. 02-WALSH,T 99-03-24 S ADOPTED 99-03-24 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-25 99-03-25 S THIRD READING - PASSED 058-000-000 99-03-25 H ARRIVE IN HOUSE 99-03-25 H HOUSE SPONSOR SAVIANO 99-03-25 H FIRST READING 99-03-25 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-04-14 H ASSIGNED TO COMMITTEE REG & REG 99-04-14 H ADDED AS A JOINT SPONSOR BUGIELSKI 99-04-14 H ADDED AS A JOINT SPONSOR BASSI 99-04-14 H ADDED AS A JOINT SPONSOR MCAULIFFE 99-04-22 H AMENDMENT NO. 01-REGIS REGULAT H 99-04-22 H ADOPTED 99-04-22 H DO PASS AMENDED/SHORT DEBATE 015-000-000 HREG 99-04-22 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-04-28 H SECOND READING-SHORT DEBATE 99-04-28 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-04-29 H THIRD READING/SHORT DEBATE/PASSED 115-000-000 99-05-04 S SECRETARYS DESK - CONCURRENCE 01 99-05-17 S FILED WITH SECRETARY 99-05-17 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/BURZYNSKI 99-05-17 S MOTION REFERRED TO SRUL 99-05-17 S FILED WITH SECRETARY 99-05-17 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WALSH,T 99-05-17 S MOTION REFERRED TO SRUL 99-05-18 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WALSH,T 99-05-18 S RULES REFERS TO SLIC 99-05-19 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WALSH,T 99-05-19 S BE ADOPTED SLIC/006-000-000 99-05-19 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/WALSH,T 99-05-19 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/058-000-000 99-05-19 S PASSED BOTH HOUSES 99-06-17 S SENT TO THE GOVERNOR 99-08-14 S GOVERNOR APPROVED 99-08-14 S EFFECTIVE DATE 99-08-14 99-08-14 S PUBLIC ACT.............................. 91-0586 END OF INQUIRY Full Text Bill Summary