Fabio
6.3 KiB
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 | ||||
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| Bill | CREDIT UNIONS-REGULATIONS | Amends the Illinois Credit Union Act. Provides that in determining the appropriate balance in the allowance for loan losses account, a credit union may determine its historical loss rate using a defined period of time of less than 5 years, provided that specified criteria are met. Provides that shares issued in trust may serve as the subscription to a share required under specified provisions for a trustee having the same social security number as the grantor. Contains provisions concerning marketing of services by a credit union. Provides that credit unions may make residential real estate mortgage loans on terms and conditions established by the United States Department of Agriculture through its Rural Development Housing and Community Facilities Program and that the portion of any loan in excess of the appraised value of the real estate shall be allocable only to the guarantee fee required under the program. Imposes conditions on any rulemaking authority. Effective immediately. | us/states/il | Illinois General Assembly | 96th | HB 348 | Illinois HB 348 (96th) |
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enacted | 3 | 34 | 2 | 2009-01-26 | 2009-08-07 | openstates | ocd-bill/197024ec-561b-4023-8076-30181d563a17 | http://ilga.gov/legislation/BillStatus.asp?DocNum=348&GAID=10&DocTypeID=HB&LegId=40541&SessionID=76&GA=96 | e66117f3edba757879df716d38dbeb9b219ed9cd62a1de442597ccd904796544 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Illinois HB 348 (96th) — CREDIT UNIONS-REGULATIONS
Amends the Illinois Credit Union Act. Provides that in determining the appropriate balance in the allowance for loan losses account, a credit union may determine its historical loss rate using a defined period of time of less than 5 years, provided that specified criteria are met. Provides that shares issued in trust may serve as the subscription to a share required under specified provisions for a trustee having the same social security number as the grantor. Contains provisions concerning marketing of services by a credit union. Provides that credit unions may make residential real estate mortgage loans on terms and conditions established by the United States Department of Agriculture through its Rural Development Housing and Community Facilities Program and that the portion of any loan in excess of the appraised value of the real estate shall be allocable only to the guarantee fee required under the program. Imposes conditions on any rulemaking authority. Effective immediately.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Votes
- Third Reading — 70–34 (pass) · lower
- Third Reading — 56–0 (pass) · upper
Sponsors
- Bill Brady — cosponsor (person)
- Thomas Holbrook — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2009-01-26 Filed with the Clerk by Rep. Thomas Holbrook
filing - 2009-01-27 First Reading
reading-1 - 2009-01-27 Referred to Rules Committee
referral-committee - 2009-02-11 Assigned to Financial Institutions Committee
referral-committee - 2009-02-18 House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
amendment-introduction - 2009-02-18 House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
amendment-passage - 2009-02-18 Do Pass as Amended / Short Debate Financial Institutions Committee; 019-000-000
committee-passage - 2009-02-19 Placed on Calendar 2nd Reading - Short Debate
- 2009-02-19 Added Chief Co-Sponsor Rep. Bill Mitchell
- 2009-02-19 Added Chief Co-Sponsor Rep. Michael K. Smith
- 2009-02-19 Added Chief Co-Sponsor Rep. Patrick J. Verschoore
- 2009-02-19 Added Chief Co-Sponsor Rep. Daniel V. Beiser
- 2009-02-24 Second Reading - Short Debate
reading-2 - 2009-02-24 Placed on Calendar Order of 3rd Reading - Short Debate
- 2009-03-03 Added Co-Sponsor Rep. Lisa M. Dugan
- 2009-03-03 Third Reading - Short Debate - Passed 070-034-000
reading-3, passage - 2009-03-04 Arrive in Senate
introduction - 2009-03-04 Placed on Calendar Order of First Reading March 5, 2009
reading-1 - 2009-03-05 Chief Senate Sponsor Sen. William R. Haine
- 2009-03-06 First Reading
reading-1 - 2009-03-06 Referred to Assignments
referral-committee - 2009-04-22 Assigned to Financial Institutions
referral-committee - 2009-04-30 Do Pass Financial Institutions; 011-000-000
committee-passage - 2009-04-30 Placed on Calendar Order of 2nd Reading May 5, 2009
- 2009-04-30 Added as Alternate Chief Co-Sponsor Sen. David Koehler
- 2009-05-07 Second Reading
reading-2 - 2009-05-07 Placed on Calendar Order of 3rd Reading May 12, 2009
- 2009-05-13 Added as Alternate Co-Sponsor Sen. Bill Brady
- 2009-05-13 Third Reading - Passed; 056-000-001
reading-3, passage - 2009-05-13 Passed Both Houses
- 2009-06-11 Sent to the Governor
executive-receipt - 2009-08-07 Governor Approved
executive-signature - 2009-08-07 Effective Date August 7, 2009
- 2009-08-07 Public Act . . . . . . . . . 96-0141
became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/197024ec-561b-4023-8076-30181d563a17. Confidence: reported (aggregated from official Illinois legislature records).