---
type: "Bill"
title: "MORTGAGE CERTIFICATE-SUNSET"
description: "Amends the Mortgage Certificate of Release Act. Changes the sunset date of the Act to 2006 (from 2004). Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "93rd"
identifier: "HB 2550"
citation: "Illinois HB 2550 (93rd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 54
vote_count: 3
first_action: "2003-02-20"
last_action: "2003-08-05"
source: "openstates"
source_identifier: "ocd-bill/bec69ba6-cc3b-4c91-aecc-3a1273b22450"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2550&GAID=3&DocTypeID=HB&LegId=4521&SessionID=3&GA=93"
source_hash: "c5a74795680989a06c9af96cbef48f8d54bd3a35fdac40d00f7712ed276bab77"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 2550 (93rd) — MORTGAGE CERTIFICATE-SUNSET

Amends the Mortgage Certificate of Release Act. Changes the sunset date of the Act to 2006 (from 2004). Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB2550&GA=93&SessionId=3&DocTypeId=HB&LegID=4521&DocNum=2550&GAID=3&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB2550eng&GA=93&SessionId=3&DocTypeId=HB&LegID=4521&DocNum=2550&GAID=3&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB2550enr&GA=93&SessionId=3&DocTypeId=HB&LegID=4521&DocNum=2550&GAID=3&Session=&print=true)

## Votes

- Third Reading — **58–0** (pass) · upper
- Third Reading — **117–0** (pass) · lower
- Concurrence, Amendment 3 — **115–0** (pass) · lower

## Sponsors

- Joseph M. Lyons — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2003-02-20** Filed with the Clerk by Rep. Joseph M. Lyons `filing`
- **2003-02-20** First Reading `reading-1`
- **2003-02-20** Referred to Rules Committee `referral-committee`
- **2003-02-26** Assigned to Financial Institutions Committee `referral-committee`
- **2003-03-05** Do Pass / Short Debate Financial Institutions Committee; 014-000-000 `committee-passage`
- **2003-03-05** Placed on Calendar 2nd Reading - Short Debate
- **2003-03-05** Added Chief Co-Sponsor Rep. Thomas Holbrook
- **2003-03-05** Added Chief Co-Sponsor Rep. Sidney H. Mathias
- **2003-03-20** Second Reading - Short Debate `reading-2`
- **2003-03-20** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2003-03-21** Placed on Calendar Order of 3rd Reading - Short Debate
- **2003-03-21** Third Reading - Short Debate - Passed 117-000-000 `reading-3, passage`
- **2003-03-25** Arrive in Senate `introduction`
- **2003-03-25** Placed on Calendar Order of First Reading March 26, 2003 `reading-1`
- **2003-03-25** Chief Senate Sponsor Sen. Kimberly A. Lightford
- **2003-03-26** First Reading `reading-1`
- **2003-03-26** Referred to Rules `referral-committee`
- **2003-04-10** Assigned to Financial Institutions `referral-committee`
- **2003-05-01** Do Pass Financial Institutions; 009-000-000 `committee-passage`
- **2003-05-01** Placed on Calendar Order of 2nd Reading May 6, 2003
- **2003-05-06** Second Reading `reading-2`
- **2003-05-06** Placed on Calendar Order of 3rd Reading May 7, 2003
- **2003-05-08** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Dan Cronin `amendment-introduction`
- **2003-05-08** Senate Floor Amendment No. 1 Referred to Rules `referral-committee`
- **2003-05-08** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Kimberly A. Lightford `amendment-introduction`
- **2003-05-08** Senate Floor Amendment No. 2 Referred to Rules `referral-committee`
- **2003-05-13** Senate Floor Amendment No. 1 Rules Refers to Financial Institutions
- **2003-05-13** Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
- **2003-05-14** Senate Floor Amendment No. 1 Held in Financial Institutions
- **2003-05-14** Senate Floor Amendment No. 2 Held in Financial Institutions
- **2003-05-16** Third Reading Deadline Extended - Rule 2-10, to December 31, 2003. `reading-3`
- **2003-05-27** Senate Floor Amendment No. 3 Filed with Secretary by Sen. Kimberly A. Lightford `amendment-introduction`
- **2003-05-27** Senate Floor Amendment No. 3 Referred to Rules `referral-committee`
- **2003-05-28** Senate Floor Amendment No. 3 Rules Refers to Financial Institutions
- **2003-05-28** Senate Floor Amendment No. 3 Be Adopted Financial Institutions; 006-000-001 `committee-passage-favorable`
- **2003-05-29** Recalled to Second Reading `reading-2`
- **2003-05-29** Senate Floor Amendment No. 3 Adopted; Lightford `amendment-passage`
- **2003-05-29** Placed on Calendar Order of 3rd Reading
- **2003-05-29** Third Reading - Passed; 058-000-000 `reading-3, passage`
- **2003-05-29** Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2003-05-29** Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2003-05-29** Final Action Deadline Extended-9(b) May 31, 2003
- **2003-05-29** Arrived in House `introduction`
- **2003-05-29** Placed on Calendar Order of Concurrence Senate Amendment(s) 3
- **2003-05-30** Senate Floor Amendment No. 3 Motion Filed Concur Rep. Joseph M. Lyons; Motion #1
- **2003-05-30** Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee `referral-committee`
- **2003-05-31** Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Financial Institutions Committee `referral-committee`
- **2003-05-31** Senate Floor Amendment No. 3 Motion to Concur Recommends be Adopted Financial Institutions Committee; 014-000-000
- **2003-05-31** Senate Floor Amendment No. 3 House Concurs 115-000-001
- **2003-05-31** Passed Both Houses
- **2003-06-27** Sent to the Governor `executive-receipt`
- **2003-08-05** Governor Approved `executive-signature`
- **2003-08-05** Effective Date December 31, 2003
- **2003-08-05** Public Act . . . . . . . . . 93-0428 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bec69ba6-cc3b-4c91-aecc-3a1273b22450`. Confidence: reported (aggregated from official Illinois legislature records).