IL S&L & SAVING BANK ACT-FUND House SponsorsRep. Joseph M. Lyons and Bill Mitchell Senate Sponsors(Sen. John G. Mulroe) 8/22/2011HousePublic Act . . . . . . . . . 97-0492 20 ILCS 3205/2.520 ILCS 3205/5from Ch. 17, par. 45520 ILCS 3205/6from Ch. 17, par. 45630 ILCS 105/5.786 new205 ILCS 105/1-10.01from Ch. 17, par. 3301-10.01205 ILCS 105/1-10.40 new205 ILCS 105/1A-8from Ch. 17, par. 3301A-8205 ILCS 105/3-2from Ch. 17, par. 3303-2205 ILCS 105/3-7from Ch. 17, par. 3303-7205 ILCS 105/5-7from Ch. 17, par. 3305-7205 ILCS 105/6-2.1from Ch. 17, par. 3306-2.1205 ILCS 105/6-4from Ch. 17, par. 3306-4205 ILCS 105/6-5from Ch. 17, par. 3306-5205 ILCS 105/6-7from Ch. 17, par. 3306-7205 ILCS 105/6-8from Ch. 17, par. 3306-8205 ILCS 105/6-9from Ch. 17, par. 3306-9205 ILCS 105/6-10from Ch. 17, par. 3306-10205 ILCS 105/6-11from Ch. 17, par. 3306-11205 ILCS 105/6-15from Ch. 17, par. 3306-15205 ILCS 105/6-16 new205 ILCS 105/7-5from Ch. 17, par. 3307-5205 ILCS 105/7-19.1from Ch. 17, par. 3307-19.1205 ILCS 105/7-19.2 new205 ILCS 105/7-20from Ch. 17, par. 3307-20205 ILCS 105/7-21from Ch. 17, par. 3307-21205 ILCS 105/7-23from Ch. 17, par. 3307-23205 ILCS 105/7-24from Ch. 17, par. 3307-24205 ILCS 105/7-25from Ch. 17, par. 3307-25205 ILCS 105/7-26from Ch. 17, par. 3307-26205 ILCS 105/7-27from Ch. 17, par. 3307-27205 ILCS 205/1007.50from Ch. 17, par. 7301-7.50205 ILCS 205/1008from Ch. 17, par. 7301-8205 ILCS 205/2007from Ch. 17, par. 7302-7205 ILCS 205/3001from Ch. 17, par. 7303-1205 ILCS 205/3002from Ch. 17, par. 7303-2205 ILCS 205/4012from Ch. 17, par. 7304-12205 ILCS 205/6007from Ch. 17, par. 7306-7205 ILCS 205/6009from Ch. 17, par. 7306-9205 ILCS 205/8002from Ch. 17, par. 7308-2205 ILCS 205/8002.1 new205 ILCS 205/8003from Ch. 17, par. 7308-3205 ILCS 205/8004from Ch. 17, par. 7308-4205 ILCS 205/8005from Ch. 17, par. 7308-5205 ILCS 205/8007from Ch. 17, par. 7308-7205 ILCS 205/8008from Ch. 17, par. 7308-8205 ILCS 205/8009from Ch. 17, par. 7308-9205 ILCS 205/8010from Ch. 17, par. 7308-10205 ILCS 205/8013from Ch. 17, par. 7308-13205 ILCS 205/8014from Ch. 17, par. 7308-14205 ILCS 205/8015from Ch. 17, par. 7308-15205 ILCS 205/8016from Ch. 17, par. 7308-16205 ILCS 205/8018 new205 ILCS 205/9002from Ch. 17, par. 7309-2205 ILCS 205/9004from Ch. 17, par. 7309-4205 ILCS 205/9008from Ch. 17, par. 7309-8205 ILCS 205/9011from Ch. 17, par. 7309-11205 ILCS 205/9015from Ch. 17, par. 7309-15205 ILCS 205/9017from Ch. 17, par. 7309-17205 ILCS 205/9018from Ch. 17, par. 7309-18205 ILCS 205/9018.1 new205 ILCS 205/9018.2 new205 ILCS 205/9018.3 new205 ILCS 205/9018.4 new205 ILCS 620/4A-5205 ILCS 620/5-9from Ch. 17, par. 1555-9205 ILCS 620/6-13.5205 ILCS 620/Art. IX heading205 ILCS 105/7-11 rep.205 ILCS 105/7-12 rep.205 ILCS 105/7-13 rep.205 ILCS 105/7-14 rep.205 ILCS 105/7-15 rep.205 ILCS 105/7-16 rep.205 ILCS 105/7-17 rep.205 ILCS 105/7-18 rep.205 ILCS 105/7-19 rep.205 ILCS 205/9010 rep.205 ILCS 616/70 rep.205 ILCS 616/75 rep.205 ILCS 620/1-5.04 rep.205 ILCS 620/9-1 rep.205 ILCS 620/9-2 rep.205 ILCS 620/9-3 rep.205 ILCS 620/9-4 rep. Amends the Illinois Savings and Loan Act of 1985. Permits an association to amend the articles of incorporation for the purpose of changing the name of the association after commencing business if the submission by the board of directors of the association certifies the approval of the proposed name change and has an approved plan for notifying all parties who may be affected by the name change and the new name meets the requirements as determined by the Secretary of Financial and Professional Regulation. Creates the Savings Institutions Regulatory Fund that is to be used for the ordinary and contingent expenses of the Department of Financial and Professional Regulation and the Division of Banking, or their successors. Makes other changes. Amends the Savings Bank Act. Creates a provision for savings bank to, after commencing business, amend the articles of incorporation for the purpose of changing the name of the savings bank if the board of directors of the savings bank approves the name change and a plan for notifying all parties who may be affected by the change and the new name meets the requirements as determined by the Secretary. Provides that any person aggrieved by a decision of the Secretary of Financial and Professional Regulation under the Savings Bank Act may receive a hearing before the Secretary. Creates provisions that outline procedures for an aggrieved person to request a hearing and the procedures for the Secretary or his or her agent to subpoena records, investigate verified complaints, and record the proceedings. Makes other changes. Amends the Division of Banking Act, Electronic Funds Transfer Act, and the Corporate Fiduciary Act to make corresponding changes. Amends the State Finance Act to create the Savings Institution Regulatory Fund.House Floor Amendment No. 1 Adds reference to:205 ILCS 105/2-5from Ch. 17, par. 3302-5205 ILCS 105/3-2from Ch. 17, par. 3303-2205 ILCS 105/3-6from Ch. 17, par. 3303-6205 ILCS 105/6-12from Ch. 17, par. 3306-12205 ILCS 105/6-13from Ch. 17, par. 3306-13205 ILCS 105/7-7from Ch. 17, par. 3307-7205 ILCS 105/7-15from Ch. 17, par. 3307-15205 ILCS 105/8-4from Ch. 17, par. 3308-4205 ILCS 205/8006from Ch. 17, par. 7308-6Replaces everything after the enacting clause with the introduced bill with the following changes: makes changes in the Illinois Savings and Loan Act of 1985 provisions concerning procedure to effect sale of all assets; waiver of requirements; Board of Savings Institutions; organization and meetings; procedures to effect sale of all assets; procedures for conversion from a savings bank charter; and waiver of requirements. Adds provisions concerning subscriptions to capital and temporary organizations; officers, suspension and removal of officers, directors, and employees; conversion from State to federal associations; conversion from federal to State associations; reports to the Commissioner and members, penalty; notice of custody, action to enjoin; and the election of new directors, report and supervision. Amends the Savings Bank Act. Makes changes to the provisions concerning waiver; merger, and Commissioner's certificate; procedure to effect sale of all assets; and procedure for conversion from a savings bank charter. Also amends the Division of Banking Act.Senate Committee Amendment No. 1 Adds reference to:205 ILCS 105/6-2from Ch. 17, par. 3306-2Removes a provision concerning the Commissioner's powers in the Division of Banking Act. Further amends the Illinois Savings and Loan Act of 1985. Clarifies that a reference to a secretary refers to a secretary of an association in a provision concerning the procedure to amend articles of incorporation. Makes other changes. 2/15/2011HouseFiled with the Clerk by Rep. Joseph M. Lyons 2/15/2011HouseFirst Reading 2/15/2011HouseReferred to Rules Committee 2/18/2011HouseAdded Co-Sponsor Rep. Bill Mitchell 3/7/2011HouseAssigned to Financial Institutions Committee 3/15/2011HouseDo Pass / Short Debate Financial Institutions Committee; 019-000-000 3/16/2011HousePlaced on Calendar 2nd Reading - Short Debate 4/1/2011HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Joseph M. Lyons 4/1/2011HouseHouse Floor Amendment No. 1 Referred to Rules Committee 4/4/2011HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 4/12/2011HouseSecond Reading - Short Debate 4/12/2011HouseHouse Floor Amendment No. 1 Adopted by Voice Vote 4/12/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/13/2011HouseThird Reading - Short Debate - Passed 114-000-002 4/14/2011SenateArrive in Senate 4/14/2011SenatePlaced on Calendar Order of First Reading 4/14/2011SenateChief Senate Sponsor Sen. John G. Mulroe 4/14/2011SenateFirst Reading 4/14/2011SenateReferred to Assignments 4/27/2011SenateAssigned to Financial Institutions 5/2/2011SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe 5/2/2011SenateSenate Committee Amendment No. 1 Referred to Assignments 5/3/2011SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions 5/5/2011SenateSenate Committee Amendment No. 1 Adopted 5/5/2011SenateDo Pass as Amended Financial Institutions; 011-000-000 5/5/2011SenatePlaced on Calendar Order of 2nd Reading May 6, 2011 5/6/2011SenateSecond Reading 5/6/2011SenatePlaced on Calendar Order of 3rd Reading May 10, 2011 5/12/2011SenateThird Reading - Passed; 056-000-000 5/12/2011HouseArrived in House 5/12/2011HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1 5/13/2011HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Joseph M. Lyons 5/13/2011HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 5/27/2011HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000 5/28/2011HouseSenate Committee Amendment No. 1 House Concurs 106-000-001 5/28/2011HousePassed Both Houses 6/24/2011HouseSent to the Governor 8/22/2011HouseGovernor Approved 8/22/2011HouseEffective Date January 1, 2012 8/22/2011HousePublic Act . . . . . . . . . 97-0492