FINANCIAL REG-CREDIT DENIAL House SponsorsRep. Monique D. Davis-LaShawn K. Ford Senate Sponsors(Sen. William R. Haine) 8/18/2009HousePublic Act . . . . . . . . . 96-0560 205 ILCS 635/5-10.5 new215 ILCS 157/20220 ILCS 5/8-101.5 new Amends the Residential Mortgage License Act of 1987. In a Section concerning lending procedures, provides that a licensee may not deny an application for a mortgage solely on the basis of credit information of prospective customers. Provides that if a licensee denies a mortgage application based on credit information, it must provide the affected party with an explanation for the licensee's action and an opportunity for the affected party to explain its credit information. Amends the Use of Credit Information in Personal Insurance Act. In a Section concerning the use of personal credit information, provides that if an insurer denies, cancels, or does not renew a policy of personal insurance based on credit information, it must provide the affected party with an explanation for the insurer's action and an opportunity for the affected party to explain its credit information. Amends the Public Utilities Act. Provides that a public utility may not deny, cancel, or nonrenew utility service solely on the basis of credit information of prospective or existing customers. Provides that if a public utility denies, cancels, or does not renew service based on credit information, it must provide the affected party with an explanation for the public utility's action and an opportunity for the affected party to explain its credit information. Effective immediately.House Committee Amendment No. 1 Deletes reference to:205 ILCS 635/5-10.5 newReplaces everything after the enacting clause. Amends the Use of Credit Information in Personal Insurance Act. In a Section concerning the use of personal credit information, provides that if an insurer denies, cancels, or does not renew a policy of personal insurance based on credit information, it must provide the affected party with an explanation for the insurer's action and an opportunity for the affected party to explain its credit information. Amends the Public Utilities Act. Provides that a public utility may not deny, cancel, or nonrenew utility service solely on the basis of credit information of prospective or existing customers. Provides that if a public utility denies, cancels, or does not renew service based on credit information, it must provide the affected party with an explanation for the public utility's action and an opportunity for the affected party to explain its credit information. Effective immediately.House Floor Amendment No. 2 Provides that the prohibition against a public utility using credit information to deny, cancel, or nonrenew utility service does not apply to a telecommunications carrier or any of its affiliates.Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Amends the Use of Credit Information in Personal Insurance Act. In a Section concerning the use of personal credit information, provides that if an insurer denies, cancels, or does not renew a policy of personal insurance based on credit information, it must provide the affected party with a notice as described in the provisions of the Act concerning adverse action notification and an opportunity for the affected party to explain its credit information under the procedures outlined in the provisions of the Act concerning extraordinary life events. Removes language concerning the use of personal credit information. Provides that an insurer that uses credit information to underwrite or rate risks shall, at annual renewal upon the request of an insured or an insured's agent, re-underwrite and re-rate the insured's personal insurance policy based on a current credit report or insurance score unless specified criteria are met. Amends the Public Utilities Act. Provides that a public utility may not deny, cancel, or nonrenew utility service solely on the basis of credit information of prospective or existing customers. Provides that if a public utility denies, cancels, or does not renew service based on credit information, it must provide the affected party with an explanation for the public utility's action and an opportunity for the affected party to explain its credit information. Provides that the prohibition against a public utility using credit information to deny, cancel, or nonrenew utility service does not apply to a telecommunications carrier or any of its affiliates. Effective immediately. 2/3/2009HouseFiled with the Clerk by Rep. Monique D. Davis 2/3/2009HouseFirst Reading 2/3/2009HouseReferred to Rules Committee 2/9/2009HouseAssigned to Executive Committee 2/19/2009HouseHouse Committee Amendment No. 1 Filed with Clerk by Executive Committee 2/19/2009HouseHouse Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote 2/19/2009HouseDo Pass as Amended / Short Debate Executive Committee; 010-000-000 2/19/2009HousePlaced on Calendar 2nd Reading - Short Debate 2/20/2009HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Monique D. Davis 2/20/2009HouseHouse Floor Amendment No. 2 Referred to Rules Committee 2/24/2009HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 2/24/2009HouseSecond Reading - Short Debate 2/24/2009HouseHouse Floor Amendment No. 2 Adopted by Voice Vote 2/24/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/5/2009HouseAdded Chief Co-Sponsor Rep. LaShawn K. Ford 3/5/2009HouseThird Reading - Short Debate - Passed 072-035-002 3/6/2009SenateArrive in Senate 3/6/2009SenatePlaced on Calendar Order of First Reading March 10, 2009 3/6/2009SenateChief Senate Sponsor Sen. William R. Haine 3/10/2009SenateFirst Reading 3/10/2009SenateReferred to Assignments 4/28/2009SenateAssigned to Insurance 4/30/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine 4/30/2009SenateSenate Committee Amendment No. 1 Referred to Assignments 5/5/2009SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance 5/6/2009SenateSenate Committee Amendment No. 1 Adopted 5/7/2009SenateDo Pass as Amended Insurance; 012-000-000 5/7/2009SenatePlaced on Calendar Order of 2nd Reading May 12, 2009 5/14/2009SenateSecond Reading 5/14/2009SenatePlaced on Calendar Order of 3rd Reading May 15, 2009 5/15/2009SenateThird Reading - Passed; 052-000-000 5/15/2009HouseArrived in House 5/15/2009HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1 5/18/2009HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Monique D. Davis 5/18/2009HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 5/19/2009HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000 5/22/2009HouseSenate Committee Amendment No. 1 House Concurs 110-000-000 5/22/2009HousePassed Both Houses 6/19/2009HouseSent to the Governor 8/18/2009HouseGovernor Approved 8/18/2009HouseEffective Date August 18, 2009 8/18/2009HousePublic Act . . . . . . . . . 96-0560