REGULATION-TECH Senate SponsorsSen. Martin A. Sandoval-Emil Jones, Jr. House Sponsors(Rep. Michael J. Madigan-Barbara Flynn Currie) 1/9/2007SenateSession Sine Die 205 ILCS 620/1-1from Ch. 17, par. 1551-1Amends the Corporate Fiduciary Act. Makes a technical change in the Section concerning the short title of the Act.Senate Floor Amendment No. 1 Deletes reference to:205 ILCS 620/1-1Adds reference to:765 ILCS 77/70Deletes everything after the enacting clause. Amends the Residential Real Property Disclosure Act with respect to the predatory lending database pilot program. Provides that the Secretary of Financial and Professional Regulation shall declare in writing an inception date for the pilot program and shall give notice of that date. Provides that the pilot program applies to all mortgage applications made or taken on or after the inception date. Provides that the pilot program shall be in effect and operational for 4 years. Provides that the title insurance company or closing agent shall attach a certificate of compliance to the mortgage before recording the mortgage (rather than recording the certificate separately). Makes other changes. Effective immediately.Judicial Note (Admin Office of the Illinois Courts) This legislation would neither increase nor decrease the number of judges needed in the State.Fiscal Note (Dept of Financial and Professional Regulation) SB 895 will not have an additional fiscal impact on the Department of Financial and Professional Regulation. Funding to begin the Predatory Lending program was appropriated to the Department of Financial and Professional Regulation in Fiscal Year 2006. Funding to continue the program is also contained in the FY 07 budget request pending before the legislature. As indicated above, current funding levels are expected to be sufficient to implement the provisions of SB 895. Balanced Budget Note (Gov. Office of Management & Budget) This legislation will have no impact to the State's budget.Pension Note (Com. on Gov. Forecasting & Accountability) Will not impact any public pension fund or retirement system in Illinois.State Debt Impact Note (Com. on Gov. Forecasting & Accountability) Would not affect the level of state indebtedness.Home Rule Note (Dept of Commerce and Economic Opportunity) This legislation does not pre-empt home rule authority.State Mandates Fiscal Note (Dept of Commerce and Economic Opportunity) This legislation does not create a State mandate under the State Mandates Act.Housing Affordability Impact Note (Housing Development Authority) This legislation will have no effect on constructing, purchasing, owning, or selling a single family residence. 2/18/2005SenateFiled with Secretary by Sen. Jacqueline Y. Collins 2/18/2005SenateChief Co-Sponsor Sen. Emil Jones, Jr. 2/18/2005SenateFirst Reading 2/18/2005SenateReferred to Rules 2/24/2005SenateAssigned to Financial Institutions 3/17/2005SenateDo Pass Financial Institutions; 008-000-000 3/17/2005SenatePlaced on Calendar Order of 2nd Reading April 6, 2005 4/6/2005SenateSecond Reading 4/6/2005SenatePlaced on Calendar Order of 3rd Reading April 7, 2005 4/14/2005SenatePlaced on Calendar Order of 3rd Reading ** April 15, 2005 4/15/2005SenateRule 2-10 Third Reading Deadline Extended to December 31, 2005 7/1/2005SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 11/4/2005SenateRule 2-10 Third Reading Deadline Extended to January 9, 2007 4/5/2006SenateApproved for Consideration Rules 4/5/2006SenatePlaced on Calendar Order of 3rd Reading April 6, 2006 4/5/2006SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval 4/5/2006SenateSenate Floor Amendment No. 1 Referred to Rules 4/5/2006SenateSenate Floor Amendment No. 1 Rules Refers to Financial Institutions 4/5/2006SenateSenate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 008-000-000 4/5/2006SenateChief Sponsor Changed to Sen. Martin A. Sandoval 4/6/2006SenateRecalled to Second Reading 4/6/2006SenateSenate Floor Amendment No. 1 Adopted; Sandoval 4/6/2006SenatePlaced on Calendar Order of 3rd Reading 4/6/2006SenateThird Reading - Passed; 057-000-000 4/7/2006HouseArrived in House 4/7/2006HousePlaced on Calendar Order of First Reading 4/7/2006HouseChief House Sponsor Rep. Michael J. Madigan 4/7/2006HouseAdded Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie 4/10/2006HouseFirst Reading 4/10/2006HouseReferred to Rules Committee 4/10/2006HouseFinal Action Deadline Extended-9(b) April 13, 2006 4/10/2006HouseAssigned to State Government Administration Committee 4/13/2006HouseFinal Action Deadline Extended-9(b) April 30, 2006 4/30/2006HouseFinal Action Deadline Extended-9(b) May 5, 2006 5/1/2006HouseJudicial Note Filed 5/1/2006HouseFiscal Note Filed 5/1/2006HouseBalanced Budget Note Filed 5/1/2006HousePension Note Filed 5/1/2006HouseState Debt Impact Note Filed 5/1/2006HouseHome Rule Note Filed 5/1/2006HouseState Mandates Fiscal Note Filed 5/2/2006HouseDo Pass / Short Debate State Government Administration Committee; 007-000-000 5/2/2006HousePlaced on Calendar 2nd Reading - Short Debate 5/2/2006HouseHousing Affordability Impact Note Filed 5/2/2006HouseSecond Reading - Short Debate 5/2/2006HouseHeld on Calendar Order of Second Reading - Short Debate 5/5/2006HouseRule 19(a) / Re-referred to Rules Committee 11/16/2006HouseFinal Action Deadline Extended-9(b) January 9, 2007 11/16/2006HouseApproved for Consideration Rules Committee; 003-000-000 11/16/2006HouseRules Refers to 2nd Reading 11/21/2006HousePlaced on Calendar 2nd Reading - Short Debate 1/8/2007HouseHouse Amendment No. 1 Filed with Clerk by Rep. Dan Reitz 1/8/2007HouseHouse Amendment No. 1 Referred to Rules Committee 1/8/2007HouseHouse Amendment No. 1 Rules Refers to Environment & Energy Committee 1/9/2007HouseHouse Amendment No. 1 Recommends Be Adopted Environment & Energy Committee; 012-000-000 1/9/2007SenateSession Sine Die