Fabio
115 lines
8.4 KiB
Markdown
115 lines
8.4 KiB
Markdown
---
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type: "Bill"
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title: "MORTGAGE LICENSE-REPORTING"
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description: "Amends the Residential Mortgage License Act of 1987. Provides for a list of specified activities that constitute violations of the Act (rather than a list of required averments that must be attached to an application for a license under the Act). Provides that a licensee filing a Mortgage Call Report is not required to file a report of applicable annual activities with the Secretary of Financial and Professional Regulation. Provides that specified licensee disclosures do not apply to any licensee providing notices of changes in loan terms pursuant to the federal Consumer Financial Protection Bureau's Know Before You Owe mortgage disclosure procedure (rather than excluding licensees limited to solicit residential mortgage loan applications as approved by the Secretary of Financial and Professional Regulation). Makes conforming changes. Repeals provisions concerning a requirement that the Secretary of Financial and Professional Regulation conduct, as part of an examination of each licensee, a review of the licensee's loan delinquency data. Replaces \"Commissioner\" with \"Secretary\" in order to update references to the Secretary of Financial and Professional Regulation. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "100th"
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identifier: "HB 5542"
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citation: "Illinois HB 5542 (100th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 54
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vote_count: 3
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first_action: "2018-02-16"
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last_action: "2018-12-19"
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source: "openstates"
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source_identifier: "ocd-bill/3fc14ffd-5443-4122-b486-fb98dcc39810"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=5542&GAID=14&DocTypeID=HB&LegId=111507&SessionID=91&GA=100"
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source_hash: "3bde376ec533948191ea0ba2d84f1784c366361ee7313b60b47225fe83f03dfe"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois HB 5542 (100th) — MORTGAGE LICENSE-REPORTING
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Amends the Residential Mortgage License Act of 1987. Provides for a list of specified activities that constitute violations of the Act (rather than a list of required averments that must be attached to an application for a license under the Act). Provides that a licensee filing a Mortgage Call Report is not required to file a report of applicable annual activities with the Secretary of Financial and Professional Regulation. Provides that specified licensee disclosures do not apply to any licensee providing notices of changes in loan terms pursuant to the federal Consumer Financial Protection Bureau's Know Before You Owe mortgage disclosure procedure (rather than excluding licensees limited to solicit residential mortgage loan applications as approved by the Secretary of Financial and Professional Regulation). Makes conforming changes. Repeals provisions concerning a requirement that the Secretary of Financial and Professional Regulation conduct, as part of an examination of each licensee, a review of the licensee's loan delinquency data. Replaces "Commissioner" with "Secretary" in order to update references to the Secretary of Financial and Professional Regulation. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB5542&GA=100&SessionId=91&DocTypeId=HB&LegID=111507&DocNum=5542&GAID=14&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB5542eng&GA=100&SessionId=91&DocTypeId=HB&LegID=111507&DocNum=5542&GAID=14&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB5542enr&GA=100&SessionId=91&DocTypeId=HB&LegID=111507&DocNum=5542&GAID=14&Session=&print=true)
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## Votes
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- Third Reading — **49–0** (pass) · upper
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- Concurrence, Amendment 1 — **108–0** (pass) · lower
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- Third Reading — **111–1** (pass) · lower
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## Sponsors
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- Mark Batinick — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-16** Filed with the Clerk by Rep. Nick Sauer `filing`
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- **2018-02-16** First Reading `reading-1`
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- **2018-02-16** Referred to Rules Committee `referral-committee`
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- **2018-03-05** Assigned to Financial Institutions Committee `referral-committee`
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- **2018-03-29** House Committee Amendment No. 1 Filed with Clerk by Rep. Nick Sauer `amendment-introduction`
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- **2018-03-29** House Committee Amendment No. 1 Referred to Rules Committee `referral-committee`
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- **2018-04-09** House Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
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- **2018-04-09** House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote `amendment-passage`
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- **2018-04-09** Do Pass as Amended / Short Debate Financial Institutions Committee; 010-000-000 `committee-passage`
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- **2018-04-10** Placed on Calendar 2nd Reading - Short Debate
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- **2018-04-13** Second Reading - Short Debate `reading-2`
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- **2018-04-13** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2018-04-17** Chief Sponsor Changed to Rep. Mark Batinick
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- **2018-04-17** Added Chief Co-Sponsor Rep. Nick Sauer
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- **2018-04-18** Third Reading - Short Debate - Passed 111-001-000 `reading-3, passage`
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- **2018-04-19** Arrive in Senate `introduction`
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- **2018-04-19** Placed on Calendar Order of First Reading `reading-1`
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- **2018-04-19** Chief Senate Sponsor Sen. Chuck Weaver
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- **2018-04-19** First Reading `reading-1`
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- **2018-04-19** Referred to Assignments `referral-committee`
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- **2018-04-25** Assigned to Financial Institutions `referral-committee`
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- **2018-05-02** Do Pass Financial Institutions; 006-000-000 `committee-passage`
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- **2018-05-02** Placed on Calendar Order of 2nd Reading May 3, 2018
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- **2018-05-10** Added as Alternate Chief Co-Sponsor Sen. Michael Connelly
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- **2018-05-10** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Chuck Weaver `amendment-introduction`
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- **2018-05-10** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
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- **2018-05-15** Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
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- **2018-05-15** Second Reading `reading-2`
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- **2018-05-15** Placed on Calendar Order of 3rd Reading May 16, 2018
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- **2018-05-16** Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 005-000-000
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- **2018-05-21** Recalled to Second Reading `reading-2`
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- **2018-05-21** Senate Floor Amendment No. 1 Adopted; Weaver `amendment-passage`
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- **2018-05-21** Placed on Calendar Order of 3rd Reading
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- **2018-05-21** Third Reading - Passed; 049-000-000 `reading-3, passage`
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- **2018-05-21** Arrived in House `introduction`
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- **2018-05-21** Placed on Calendar Order of Concurrence Senate Amendment(s) 1
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- **2018-05-21** Senate Floor Amendment No. 1 Motion Filed Concur Rep. Mark Batinick
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- **2018-05-21** Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee `referral-committee`
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- **2018-07-02** Rule 19(b) / Re-referred to Rules Committee `referral-committee`
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- **2018-08-16** Added Co-Sponsor Rep. Jay Hoffman
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- **2018-08-27** Added Co-Sponsor Rep. LaToya Greenwood
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- **2018-09-04** Added Co-Sponsor Rep. Katie Stuart
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- **2018-11-07** Approved for Consideration Rules Committee; 003-000-000
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- **2018-11-07** Placed on Calendar Order of Concurrence Senate Amendment(s) 1
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- **2018-11-07** Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions Committee `referral-committee`
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- **2018-11-13** Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Financial Institutions Committee; 009-000-000
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- **2018-11-14** Senate Floor Amendment No. 1 House Concurs 108-000-000
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- **2018-11-14** 3/5 Vote Required
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- **2018-11-14** House Concurs
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- **2018-11-14** Passed Both Houses
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- **2018-12-13** Sent to the Governor `executive-receipt`
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- **2018-12-19** Governor Approved `executive-signature`
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- **2018-12-19** Effective Date December 19, 2018
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- **2018-12-19** Public Act . . . . . . . . . 100-1153 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3fc14ffd-5443-4122-b486-fb98dcc39810`. Confidence: reported (aggregated from official Illinois legislature records).
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