republic-os/legislation/us/states/il/93rd/hb-5197.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	FIN REG-REVERSE MORT LOANS	Amends the Illinois Banking Act and the Illinois Savings and Loan Act of 1985. Provides for a civil penalty of $50,000 for violations of law in connection with reverse mortgage loans made to elderly persons. Requires the penalty to be paid into the Community Senior Services and Resources Fund. Effective immediately.	us/states/il	Illinois General Assembly	93rd	HB 5197	Illinois HB 5197 (93rd)	bill		enacted		3	53	2	2004-02-05	2004-08-05	openstates	ocd-bill/9d2a41ad-8f9b-460b-b1d9-e781a6f43dc1	http://ilga.gov/legislation/BillStatus.asp?DocNum=5197&GAID=3&DocTypeID=HB&LegId=10128&SessionID=3&GA=93	bf531419fd81aff3bf6b78036cea4d81f32b844ae2a210b0e34389ece8974f8f	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 5197 (93rd) — FIN REG-REVERSE MORT LOANS

Amends the Illinois Banking Act and the Illinois Savings and Loan Act of 1985. Provides for a civil penalty of $50,000 for violations of law in connection with reverse mortgage loans made to elderly persons. Requires the penalty to be paid into the Community Senior Services and Resources Fund. Effective immediately.

Version chain

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

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Enrolled (enrolled) — source

Votes

• Third Reading — 56–0 (pass) · upper
• Third Reading — 116–0 (pass) · lower

Sponsors

• Edward D. Maloney — cosponsor (person)
• Michael K. Smith — primary (person)
• Pamela J. Althoff — cosponsor (person)

Timeline

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

• 2004-02-05 Filed with the Clerk by Rep. Michael K. Smith filing
• 2004-02-05 First Reading reading-1
• 2004-02-05 Referred to Rules Committee referral-committee
• 2004-02-18 Assigned to Consumer Protection Committee referral-committee
• 2004-02-24 Added Chief Co-Sponsor Rep. Ronald A. Wait
• 2004-02-24 Added Chief Co-Sponsor Rep. Charles E. Jefferson
• 2004-02-24 Added Chief Co-Sponsor Rep. Angelo Saviano
• 2004-02-24 Added Chief Co-Sponsor Rep. Larry McKeon
• 2004-03-02 Added Co-Sponsor Rep. Monique D. Davis
• 2004-03-02 Added Co-Sponsor Rep. Mike Boland
• 2004-03-03 Do Pass / Short Debate Consumer Protection Committee; 011-000-000 committee-passage
• 2004-03-03 Placed on Calendar 2nd Reading - Short Debate
• 2004-03-23 Added Co-Sponsor Rep. Brandon W. Phelps
• 2004-03-23 House Floor Amendment No. 1 Filed with Clerk by Rep. Michael K. Smith amendment-introduction
• 2004-03-23 House Floor Amendment No. 1 Referred to Rules Committee referral-committee
• 2004-03-24 Added Co-Sponsor Rep. Harry Osterman
• 2004-03-25 Added Co-Sponsor Rep. Suzanne Bassi
• 2004-03-25 House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 committee-passage-favorable
• 2004-03-25 Added Co-Sponsor Rep. Naomi D. Jakobsson
• 2004-03-25 Added Co-Sponsor Rep. William Davis
• 2004-03-25 Added Co-Sponsor Rep. Thomas Holbrook
• 2004-03-25 Added Co-Sponsor Rep. Joseph M. Lyons
• 2004-03-25 Added Co-Sponsor Rep. Ralph C. Capparelli
• 2004-03-25 Second Reading - Short Debate reading-2
• 2004-03-25 House Floor Amendment No. 1 Adopted by Voice Vote amendment-passage
• 2004-03-25 Placed on Calendar Order of 3rd Reading - Short Debate
• 2004-03-26 Added Co-Sponsor Rep. Careen Gordon
• 2004-03-26 Added Co-Sponsor Rep. Robert F. Flider
• 2004-03-29 Added Co-Sponsor Rep. John E. Bradley
• 2004-03-30 Added Co-Sponsor Rep. Robert Rita
• 2004-03-30 Third Reading - Short Debate - Passed 116-000-000 reading-3, passage
• 2004-03-30 Added Co-Sponsor Rep. Kathleen A. Ryg
• 2004-03-30 Added Co-Sponsor Rep. Donald L. Moffitt
• 2004-03-31 Arrive in Senate introduction
• 2004-03-31 Placed on Calendar Order of First Reading April 1, 2004 reading-1
• 2004-04-02 Chief Senate Sponsor Sen. George P. Shadid
• 2004-04-06 First Reading reading-1
• 2004-04-06 Referred to Rules referral-committee
• 2004-04-15 Assigned to Financial Institutions referral-committee
• 2004-04-22 Do Pass Financial Institutions; 006-000-000 committee-passage
• 2004-04-22 Placed on Calendar Order of 2nd Reading April 27, 2004
• 2004-04-23 Added as Alternate Chief Co-Sponsor Sen. Dale E. Risinger
• 2004-04-28 Second Reading reading-2
• 2004-04-28 Placed on Calendar Order of 3rd Reading April 29, 2004
• 2004-05-04 Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
• 2004-05-11 Added as Alternate Co-Sponsor Sen. Pamela J. Althoff
• 2004-05-11 Added as Alternate Co-Sponsor Sen. Edward D. Maloney
• 2004-05-11 Third Reading - Passed; 056-000-000 reading-3, passage
• 2004-05-11 Passed Both Houses
• 2004-06-09 Sent to the Governor executive-receipt
• 2004-08-05 Governor Approved executive-signature
• 2004-08-05 Effective Date August 5, 2004
• 2004-08-05 Public Act . . . . . . . . . 93-0863 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/9d2a41ad-8f9b-460b-b1d9-e781a6f43dc1. Confidence: reported (aggregated from official Illinois legislature records).