MORTGAGE LOANS-REMOTE LOCATION House SponsorsRep. Margaret Croke-Maurice A. West, II-Dagmara Avelar-Marcus C. Evans, Jr.-Mark L. Walker Senate Sponsors(Sen. Laura Ellman and Michael E. Hastings) 6/30/2023HousePublic Act . . . . . . . . . 103-0156 205 ILCS 635/1-3from Ch. 17, par. 2321-3205 ILCS 635/1-4205 ILCS 635/3-11 new Amends the Residential Mortgage License Act of 1987. Provides that each full service office (rather than office, place of business, or location) at which a residential mortgage licensee conducts any part of his or her business must be recorded with the Secretary of Financial and Professional Regulation. Provides that licensees may allow mortgage loan originators to work from a remote location if specified conditions are met. Provides that "full service office" does not include a remote location. Defines "remote location". 2/14/2023HouseFiled with the Clerk by Rep. Margaret Croke 2/14/2023HouseFirst Reading 2/14/2023HouseReferred to Rules Committee 2/21/2023HouseAssigned to Financial Institutions and Licensing Committee 2/28/2023HouseAdded Co-Sponsor Rep. Maurice A. West, II 2/28/2023HouseDo Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000 2/28/2023HouseRemoved Co-Sponsor Rep. Maurice A. West, II 3/1/2023HousePlaced on Calendar 2nd Reading - Short Debate 3/6/2023HouseAdded Co-Sponsor Rep. Dagmara Avelar 3/6/2023HouseRemoved Co-Sponsor Rep. Dagmara Avelar 3/7/2023HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr. 3/7/2023HouseRemoved Co-Sponsor Rep. Marcus C. Evans, Jr. 3/14/2023HouseSecond Reading - Short Debate 3/14/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/15/2023HouseAdded Chief Co-Sponsor Rep. Maurice A. West, II 3/15/2023HouseAdded Chief Co-Sponsor Rep. Dagmara Avelar 3/15/2023HouseAdded Chief Co-Sponsor Rep. Marcus C. Evans, Jr. 3/15/2023HouseAdded Chief Co-Sponsor Rep. Mark L. Walker 3/21/2023HouseThird Reading - Short Debate - Passed 112-000-000 3/22/2023SenateArrive in Senate 3/22/2023SenatePlaced on Calendar Order of First Reading 3/22/2023SenateChief Senate Sponsor Sen. Laura Ellman 3/22/2023SenateFirst Reading 3/22/2023SenateReferred to Assignments 4/12/2023SenateAssigned to Financial Institutions 4/26/2023SenateDo Pass Financial Institutions; 008-000-000 4/26/2023SenatePlaced on Calendar Order of 2nd Reading April 27, 2023 4/27/2023SenateSecond Reading 4/27/2023SenatePlaced on Calendar Order of 3rd Reading May 2, 2023 5/4/2023SenateAdded as Alternate Co-Sponsor Sen. Michael E. Hastings 5/5/2023SenatePlaced on Calendar Order of 3rd Reading ** May 8, 2023 5/11/2023SenateThird Reading - Passed; 056-000-000 5/11/2023HousePassed Both Houses 6/9/2023HouseSent to the Governor 6/30/2023HouseGovernor Approved 6/30/2023HouseEffective Date January 1, 2024 6/30/2023HousePublic Act . . . . . . . . . 103-0156