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<title>Illinois General Assembly - Bill Status for HB 4781         </title>
<shortdesc>DEBT SETTLEMENT CONS PRO ACT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Marlow H. Colvin-Karen A. Yarbrough-William B. Black-William Davis-Joseph M. Lyons, Deborah L. Graham, Monique D. Davis, Cynthia Soto, Elizabeth Hernandez, John E. Bradley, John A. Fritchey, Keith Farnham, Lisa M. Dugan, Careen M. Gordon, Patrick J. Verschoore, Michael K. Smith, Lou Lang, Eddie Washington, Kenneth Dunkin, Daniel V. Beiser, Naomi D. Jakobsson, Robert F. Flider, Kevin A. McCarthy, Greg Harris, Luis Arroyo, Susana A. Mendoza, Harry Osterman, Maria Antonia Berrios, Mark L. Walker, Michael J. Zalewski, Al Riley, Jack D. Franks, Mary E. Flowers, Jehan A. Gordon, Deborah Mell, John D'Amico, Arthur L. Turner, Jim Sacia, Daniel J. Burke, Dave Winters, Patricia R. Bellock, Ronald A. Wait, David E. Miller, Jack McGuire, Rosemary Mulligan, Carol A. Sente, Esther Golar, Eddie Lee Jackson, Sr., Donald L. Moffitt and Sidney H. Mathias</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Jacqueline Y. Collins-Iris Y. Martinez-Linda Holmes-Dan Rutherford-Dan Kotowski, Jeffrey M. Schoenberg, Chris Lauzen, Larry K. Bomke, Kimberly A. Lightford, Dale A. Righter, Louis S. Viverito, Dale E. Risinger, Mattie Hunter, Ira I. Silverstein, Pamela J. Althoff, William Delgado, Rickey R. Hendon, Toi W. Hutchinson, Emil Jones, III, Deanna Demuzio, Antonio Muņoz, David Koehler, Michael W. Frerichs, Kwame Raoul, Heather Steans, Tim Bivins, Michael Noland, Michael Bond, James T. Meeks, Donne E. Trotter and M. Maggie Crotty)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/3/2010</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 96-1420</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>30 ILCS 105/6z-26</reference><aliasreference></aliasreference><reference>205 ILCS 665/2</reference><aliasreference>from Ch. 17, par. 5302</aliasreference><reference>815 ILCS 505/2Z</reference><aliasreference>from Ch. 121 1/2, par. 262Z</aliasreference><SynopsisText>     Creates the Debt Settlement Consumer Protection Act. Provides that it shall be unlawful for any person to operate as a debt settlement provider or engage in debt settlement service except as authorized by the Act and without first having obtained a license under the Act. Contains provisions concerning the (1) application for a license, (2) qualifications for licensure, (3) renewal of a license, (4) display requirements for a license, (5) temporary licensed locations, (6) denial of a license, (7) revocation or suspension of a license, (8) maintenance of records by a licensee, (9) examination of a licensee, (10) maintenance of trust funds by a licensee, and (11) other licensee businesses. With respect to the Director of Financial Institutions, contains provisions concerning the (1) adoption of rules by the Director, (2) penalties for violations of the Act, (3) procedure the Director may take to obtain an injunction, (4) review of decisions, (5) issuance of cease and desist orders. Contains provisions concerning (1) advertising practices, (2) individualized financial analysis, (3) required disclosures, (4) debt settlement contracts, (5) fees, (6) consumer settlement accounts, (7) cancellation of contracts, (8) obligations of good faith, (9) prohibited practices and noncompliance with the Act, and (10) civil remedies. Amends the Debt Management Service Act to exclude "debt settlement service" and attorneys engaged in specific practices from the Act. Amends the State Finance Act to provide that moneys collected under the Debt Settlement Consumer Protection Act shall be deposited into the Financial Institution Fund. Contains a severability clause. Amends the Consumer Fraud and Deceptive Business Practices Act to specify that a violation of the Debt Settlement Consumer Protection Act is a violation of the Act. Effective immediately.</SynopsisText><synopsistitle>House Committee Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>815 ILCS 505/2z</reference><aliasreference>from Ch. 121, par. 121 1/2, par. 262Z</aliasreference><reftype>Adds reference to:</reftype><reference>New Act</reference><aliasreference></aliasreference><reference>30 ILCS 105/5.755 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/5.756 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/6z-26</reference><aliasreference></aliasreference><reference>205 ILCS 665/1.5 new</reference><aliasreference></aliasreference><reference>205 ILCS 665/2</reference><aliasreference>from Ch. 17, par. 5302</aliasreference><reference>205 ILCS 665/4</reference><aliasreference>from Ch. 17, par. 5304</aliasreference><reference>205 ILCS 665/5</reference><aliasreference>from Ch. 17, par. 5305</aliasreference><reference>205 ILCS 665/6</reference><aliasreference>from Ch. 17, par. 5306</aliasreference><reference>205 ILCS 665/7</reference><aliasreference>from Ch. 17, par. 5307</aliasreference><reference>205 ILCS 665/8.5</reference><aliasreference></aliasreference><reference>205 ILCS 665/9</reference><aliasreference>from Ch. 17, par. 5309</aliasreference><reference>205 ILCS 665/10</reference><aliasreference>from Ch. 17, par. 5310</aliasreference><reference>205 ILCS 665/11</reference><aliasreference>from Ch. 17, par. 5311</aliasreference><reference>205 ILCS 665/11.5</reference><aliasreference></aliasreference><reference>205 ILCS 665/12</reference><aliasreference>from Ch. 17, par. 5312</aliasreference><reference>205 ILCS 665/12.1</reference><aliasreference></aliasreference><reference>205 ILCS 665/13</reference><aliasreference>from Ch. 17, par. 5313</aliasreference><reference>205 ILCS 665/14</reference><aliasreference>from Ch. 17, par. 5314</aliasreference><reference>205 ILCS 665/15</reference><aliasreference>from Ch. 17, par. 5315</aliasreference><reference>205 ILCS 665/16</reference><aliasreference>from Ch. 17, par. 5319</aliasreference><reference>205 ILCS 665/16.5 new</reference><aliasreference></aliasreference><reference>205 ILCS 665/16.6 new</reference><aliasreference></aliasreference><reference>205 ILCS 665/17</reference><aliasreference>from Ch. 17, par. 5320</aliasreference><reference>205 ILCS 665/18</reference><aliasreference>from Ch. 17, par. 5321</aliasreference><reference>205 ILCS 665/20</reference><aliasreference>from Ch. 17, par. 5323</aliasreference><reference>205 ILCS 665/20.5</reference><aliasreference></aliasreference><reference>815 ILCS 505/2III new</reference><aliasreference></aliasreference><reference>205 ILCS 665/13.5 rep.</reference><aliasreference></aliasreference><reference>205 ILCS 665/15.1 rep.</reference><aliasreference></aliasreference><reference>205 ILCS 665/15.2 rep.</reference><aliasreference></aliasreference><reference>205 ILCS 665/15.3 rep.</reference><aliasreference></aliasreference><SynopsisText>Deletes everything after the enacting clause. Reinserts the contents of the introduced bill with the following changes. Changes references from "licensees" to "debt settlement provider" and "Director of Financial Institutions" to "Secretary of Financial and Professional Regulation". Changes language in provisions excluding parties from the definition of "debt settlement provider". Provides that every applicant shall submit to the Secretary, at the time of the application for a license, a bond to be approved by the Secretary in which the applicant shall be the obligor, in the sum of $100,000 (rather than $1,000,000) or an additional amount as required by the Secretary, and in which an insurance company, which is duly authorized by the State of Illinois to transact the business of fidelity and surety insurance, shall be a surety. Changes language with respect to the required annual report. Removes language concerning other business. Adds language concerning additional liability for unlicensed activity. Provides that moneys received by the Division under the Act that shall be deposited in the Financial Institution Fund does not include moneys received for the Debt Settlement Consumer Protection Fund. Changes provisions concerning advertising and marketing practices. Changes provisions concerning required pre-sale consumer disclosures and warnings. Changes provisions concerning prohibited practices. Amends the Debt Management Service Act. Sets forth the purpose of the Act. Provides that the term "debt management service" does not include "debt settlement service" as defined in the Debt Settlement Consumer Protection Act. Changes the criteria for exempt parties who provide debt management service. Changes references from the "Director of the Division of Financial Institutions" to the "Secretary of Financial and Professional Regulation". Provides that more than one license may be issued to the same person for separate places of business, but separate applications shall be made for each location conducting business with Illinois residents (instead of the place of business). Provides that the renewal licensee fee for debt management service provider shall be $200 (rather than $100). Changes language concerning the revocation, suspension of, or refusal to renew a license to include provisions that the respondent in a hearing for a matter shall bear the costs for the hearing. Removes language providing that the Director shall have the authority to prescribe rules for the administration of specified provisions. Changes references from "licensee" to "debt management service provider" in provisions concerning its contracts, books, records and contract cancellation, examination, and fees and charges of debt management service providers. Provides that all moneys received by the Department of Financial and Professional Regulation under the Act, except moneys received for the Debt Management Service Consumer Protection Fund, shall be deposited in the Financial Institutions Fund. Changes penalties for a debt management service provider under the Act. Adds provisions concerning additional liability for unlicensed activity. Creates the Debt Management Service Consumer Protection Fund as a special non-appropriated income-earning fund in the State treasury for the purpose of providing restitution to specified parties. In provisions concerning cease and desist orders, removes language providing that the Secretary shall have the authority to prescribe rules for those provisions. Amends the Consumer Fraud and Deceptive Business Practices Act to provide that any person who violates the Debt Settlement Consumer Protection Act commits an unlawful practice within the meaning of the Consumer Fraud and Deceptive Business Practices Act. Repeals provisions in the Debt Management Service Act concerning other businesses in a licensee's place of business and the Board of Debt Management Service Advisors. Effective immediately.</SynopsisText><synopsistitle>House Floor Amendment No. 3</synopsistitle>
<SynopsisText>Replaces everything after the enacting clause with the bill as amended by House Amendment No. 1 with the following changes. In the provision prohibiting a debt settlement provider from charging or receiving from a consumer certain fees, provides for an exception of a one-time enrollment fee of no more than $50. Provides that a debt settlement provider may charge a settlement fee, which shall not exceed an amount greater than 15% (instead of 10%) of the savings. In the provision requiring a debt settlement provider to refund all fees and compensation if a consumer cancels a contract or if there is a material violation of the Act on the part of the debt settlement provider, provides for an exception of the application fee. Provides that the application fee be set by rule (rather than a specified amount). In provisions amending the Debt Management Service Act, removes changes concerning application, license, and renewal fees. Makes other changes. Effective immediately.</SynopsisText><synopsistitle>Correctional Note, House Committee Amendment No. 1 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>This bill has no fiscal or population impact on the Department of Corrections. </SynopsisText><synopsistitle>Correctional Note, House Floor Amendment No. 3 (Dept of Corrections)</synopsistitle>
<SynopsisText>This bill has no fiscal or population impact on the Department of Corrections. </SynopsisText><synopsistitle>Land Conveyance Appraisal Note, House Committee Amendment No. 1 (Dept. of Transportation)</synopsistitle>
<SynopsisText>No land conveyances are included in this bill, therefore, there are no appraisals to be filed.</SynopsisText><synopsistitle>Land Conveyance Appraisal Note, House Floor Amendment No. 2 (Dept. of Transportation)</synopsistitle>
<SynopsisText>No land conveyances are included in this bill, therefore, there are no appraisals to be filed.</SynopsisText><synopsistitle>Land Conveyance Appraisal Note, House Floor Amendment No. 3 (Dept. of Transportation)</synopsistitle>
<SynopsisText>No land conveyances are included in this bill, therefore, there are no appraisals to be filed.</SynopsisText><synopsistitle>Pension Note, House Committee Amendment No. 1 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>HB 4781 (H-AM 1) will not impact any public pension fund or retirement system in Illinois. </SynopsisText><synopsistitle>Pension Note, House Floor Amendment No. 3 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>HB 4781 (H-AM 3) will not impact any public pension fund or retirement system in Illinois. </SynopsisText><synopsistitle>State Debt Impact Note, House Committee Amendment No. 1 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>This bill would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. </SynopsisText><synopsistitle>State Debt Impact Note, House Floor Amendment No. 3 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>This bill would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. </SynopsisText><synopsistitle>State Mandates Fiscal Note, House Committee Amendment No. 1 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>This bill does not create a State mandate.</SynopsisText><synopsistitle>State Mandates Fiscal Note, House Floor Amendment No. 3 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>This bill does not create a State mandate.</SynopsisText><synopsistitle>Home Rule Note, House Committee Amendment No. 1 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>This bill does pre-empt home rule authority. </SynopsisText><synopsistitle>Home Rule Note, House Floor Amendment No. 3 (Government Forecasting &amp; Accountability)</synopsistitle>
<SynopsisText>This bill does pre-empt home rule authority. </SynopsisText><synopsistitle>Judicial Note, House Committee Amendment No. 1 (Admin Office of the Illinois Courts)</synopsistitle>
<SynopsisText>This bill would neither increase nor decrease the number of judges needed in the State. </SynopsisText><synopsistitle>Judicial Note, House Floor Amendment No. 2 (Admin Office of the Illinois Courts)</synopsistitle>
<SynopsisText>This bill would neither increase nor decrease the number of judges needed in the State. </SynopsisText><synopsistitle>Judicial Note, House Floor Amendment No. 3 (Admin Office of the Illinois Courts)</synopsistitle>
<SynopsisText>This bill would neither increase nor decrease the number of judges needed in the State. </SynopsisText><synopsistitle>Housing Affordability Impact Note, House Committee Amendment No. 1 (Housing Development Authority)</synopsistitle>
<SynopsisText>This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence.</SynopsisText><synopsistitle>Housing Affordability Impact Note, House Floor Amendment No. 3 (Housing Development Authority)</synopsistitle>
<SynopsisText>This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence.</SynopsisText></synopsis>
<actions>
<statusdate>1/12/2010</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Marlow H. Colvin</action>
<statusdate>1/12/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Karen A. Yarbrough</action>
<statusdate>1/12/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Deborah L. Graham</action>
<statusdate>1/12/2010</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/12/2010</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/27/2010</statusdate><chamber>House</chamber><action>Assigned to Consumer Protection Committee</action>
<statusdate>2/24/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Joseph M. Lyons</action>
<statusdate>2/24/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Monique D. Davis</action>
<statusdate>2/25/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Cynthia Soto</action>
<statusdate>2/25/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Elizabeth Hernandez</action>
<statusdate>2/25/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. John E. Bradley</action>
<statusdate>2/25/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. John A. Fritchey</action>
<statusdate>3/3/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Keith Farnham</action>
<statusdate>3/9/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Consumer Protection Committee</action>
<statusdate>3/9/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Adopted in Consumer Protection Committee;  by Voice Vote</action>
<statusdate>3/9/2010</statusdate><chamber>House</chamber><action>Motion Do Pass as Amended - Lost Consumer Protection Committee;  007-006-000</action>
<statusdate>3/9/2010</statusdate><chamber>House</chamber><action>Remains in Consumer Protection Committee</action>
<statusdate>3/12/2010</statusdate><chamber>House</chamber><action>Do Pass as Amended / Short Debate Consumer Protection Committee;  008-003-000</action>
<statusdate>3/12/2010</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/16/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Filed with Clerk by Rep. Marlow H. Colvin</action>
<statusdate>3/16/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Referred to Rules Committee</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lisa M. Dugan</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Careen M. Gordon</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Patrick J. Verschoore</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael K. Smith</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lou Lang</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Eddie Washington</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kenneth Dunkin</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Daniel V. Beiser</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Naomi D. Jakobsson</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robert F. Flider</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kevin A. McCarthy</action>
<statusdate>3/17/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Greg Harris</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. William Davis</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Luis Arroyo</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Susana A. Mendoza</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Harry Osterman</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Maria Antonia Berrios</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mark L. Walker</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael J. Zalewski</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Al Riley</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jack D. Franks</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mary E. Flowers</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jehan A. Gordon</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Filed with Clerk by Rep. Marlow H. Colvin</action>
<statusdate>3/18/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Referred to Rules Committee</action>
<statusdate>3/19/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Deborah Mell</action>
<statusdate>3/19/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. John D'Amico</action>
<statusdate>3/19/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Arthur L. Turner</action>
<statusdate>3/22/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Rules Refers to Consumer Protection Committee</action>
<statusdate>3/22/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Rules Refers to Consumer Protection Committee</action>
<statusdate>3/22/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Recommends Be Adopted Consumer Protection Committee;  009-003-000</action>
<statusdate>3/23/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jim Sacia</action>
<statusdate>3/23/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Daniel J. Burke</action>
<statusdate>3/23/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Dave Winters</action>
<statusdate>3/23/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Patricia R. Bellock</action>
<statusdate>3/23/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ronald A. Wait</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. David E. Miller</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jack McGuire</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. William B. Black</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Adopted by Voice Vote</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. Ed Sullivan, Jr.</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Fiscal Note Requested as Amended by Rep. Ed Sullivan, Jr.</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Correctional Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Correctional Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Remove Chief Co-Sponsor Rep. Deborah L. Graham</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Removed Co-Sponsor Rep. Joseph M. Lyons</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Joseph M. Lyons</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Deborah L. Graham</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Rosemary Mulligan</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Carol A. Sente</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Land Conveyance Appraisal Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Land Conveyance Appraisal Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Land Conveyance Appraisal Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Pension Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Pension Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 State Debt Impact Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 State Debt Impact Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Fiscal Note Requested as Amended - Withdrawn by Rep. Ed Sullivan, Jr.</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Fiscal Note Requested as Amended - Withdrawn by Rep. Ed Sullivan, Jr.</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 State Mandates Fiscal Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 State Mandates Fiscal Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Home Rule Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Home Rule Note Filed as Amended</action>
<statusdate>3/24/2010</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Judicial Note Filed as Amended</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Judicial Note Filed as Amended</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Judicial Note Filed as Amended</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Housing Affordability Impact Note Filed as Amended</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 3 Housing Affordability Impact Note Filed as Amended</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Esther Golar</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Eddie Lee Jackson, Sr.</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Donald L. Moffitt</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Sidney H. Mathias</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>Removed from Short Debate Status</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Standard Debate</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>Third Reading - Standard Debate - Passed 106-009-000</action>
<statusdate>3/25/2010</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Tabled Pursuant to Rule 40(a)</action>
<statusdate>3/25/2010</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>3/25/2010</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>3/25/2010</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Jacqueline Y. Collins</action>
<statusdate>3/25/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Chief Co-Sponsor Sen. Linda Holmes</action>
<statusdate>3/25/2010</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>3/25/2010</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/30/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Chief Co-Sponsor Sen. Dan Rutherford</action>
<statusdate>3/30/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez</action>
<statusdate>4/5/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Chief Co-Sponsor Sen. Dan Kotowski</action>
<statusdate>4/12/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Jeffrey M. Schoenberg</action>
<statusdate>4/13/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Chris Lauzen</action>
<statusdate>4/14/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Larry K. Bomke</action>
<statusdate>4/14/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Kimberly A. Lightford</action>
<statusdate>4/14/2010</statusdate><chamber>Senate</chamber><action>Assigned to Financial Institutions</action>
<statusdate>4/15/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Dale A. Righter</action>
<statusdate>4/15/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link</action>
<statusdate>4/15/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>4/21/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Louis S. Viverito</action>
<statusdate>4/21/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Dale E. Risinger</action>
<statusdate>4/21/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Mattie Hunter</action>
<statusdate>4/21/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 2 Filed with Secretary by Sen. Terry Link</action>
<statusdate>4/21/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 2 Referred to Assignments</action>
<statusdate>4/22/2010</statusdate><chamber>Senate</chamber><action>Do Pass Financial Institutions;  010-001-001</action>
<statusdate>4/22/2010</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 23, 2010</action>
<statusdate>4/22/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Ira I. Silverstein</action>
<statusdate>4/28/2010</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/28/2010</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 29, 2010</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 3 Filed with Secretary by Sen. Terry Link</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 3 Referred to Assignments</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Pamela J. Althoff</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 3 Assignments Refers to Financial Institutions</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. William Delgado</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Rickey R. Hendon</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Toi W. Hutchinson</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Emil Jones, III</action>
<statusdate>4/29/2010</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 3 To Financial Institutions Subcommittee on Mortgages</action>
<statusdate>4/30/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Deanna Demuzio</action>
<statusdate>4/30/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Antonio Muņoz</action>
<statusdate>4/30/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. David Koehler</action>
<statusdate>4/30/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Michael W. Frerichs</action>
<statusdate>5/5/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Kwame Raoul</action>
<statusdate>5/5/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Heather Steans</action>
<statusdate>5/5/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Tim Bivins</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Michael Noland</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Michael Bond</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. James T. Meeks</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. Donne E. Trotter</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Added as Alternate Co-Sponsor Sen. M. Maggie Crotty</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 056-001-000</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a)</action>
<statusdate>5/6/2010</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a)</action>
<statusdate>5/6/2010</statusdate><chamber>House</chamber><action>Passed Both Houses</action>
<statusdate>6/4/2010</statusdate><chamber>House</chamber><action>Sent to the Governor</action>
<statusdate>8/3/2010</statusdate><chamber>House</chamber><action>Governor Approved</action>
<statusdate>8/3/2010</statusdate><chamber>House</chamber><action>Effective Date August 3, 2010</action>
<statusdate>8/3/2010</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 96-1420</action>
</actions>
</xml>

