Fabio
122 lines
8.6 KiB
Markdown
122 lines
8.6 KiB
Markdown
---
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type: "Bill"
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title: "RESIDENT MORTGAGE LICENSE"
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description: "Amends the Residential Mortgage License Act of 1987. Defines \"loan modification\" and \"short sale facilitation\". Authorizes the Director of the Division of Banking of the Department of Financial and Professional Regulation to establish relationships or contracts with the Nationwide Mortgage Licensing System and Registry. Provides that residential mortgage license applicants may be required to furnish information to the Nationwide Mortgage Licensing System and Registry. Provides that each application for a license or for the renewal of a license shall be accompanied by an averment stating that the applicant will not charge or collect advance payments from borrowers or homeowners for engaging in loan modification or short sale facilitation. Amends the Residential Real Property Disclosure Act. Provides that, for each loan, a broker or loan originator must submit information concerning the borrower's debt to income ratio for inclusion in the predatory lending database. Effective immediately, except that certain provisions take effect on January 1, 2013."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "97th"
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identifier: "HB 4521"
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citation: "Illinois HB 4521 (97th)"
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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: 61
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vote_count: 3
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first_action: "2012-01-31"
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last_action: "2012-08-03"
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source: "openstates"
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source_identifier: "ocd-bill/c5b7432b-3d6d-42cf-939c-f6cc3b5433b5"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4521&GAID=11&DocTypeID=HB&LegId=64183&SessionID=84&GA=97"
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source_hash: "1242e7b1b0266db4dfaa5c04c1ed6b04c857206fb39f2cb7281d56c32b07d184"
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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 4521 (97th) — RESIDENT MORTGAGE LICENSE
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Amends the Residential Mortgage License Act of 1987. Defines "loan modification" and "short sale facilitation". Authorizes the Director of the Division of Banking of the Department of Financial and Professional Regulation to establish relationships or contracts with the Nationwide Mortgage Licensing System and Registry. Provides that residential mortgage license applicants may be required to furnish information to the Nationwide Mortgage Licensing System and Registry. Provides that each application for a license or for the renewal of a license shall be accompanied by an averment stating that the applicant will not charge or collect advance payments from borrowers or homeowners for engaging in loan modification or short sale facilitation. Amends the Residential Real Property Disclosure Act. Provides that, for each loan, a broker or loan originator must submit information concerning the borrower's debt to income ratio for inclusion in the predatory lending database. Effective immediately, except that certain provisions take effect on January 1, 2013.
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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=09700HB4521&GA=97&SessionId=84&DocTypeId=HB&LegID=64183&DocNum=4521&GAID=11&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700HB4521eng&GA=97&SessionId=84&DocTypeId=HB&LegID=64183&DocNum=4521&GAID=11&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700HB4521enr&GA=97&SessionId=84&DocTypeId=HB&LegID=64183&DocNum=4521&GAID=11&Session=&print=true)
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## Votes
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- Concurrence, Amendment 1 — **66–52** (pass) · lower
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- Third Reading — **68–47** (pass) · lower
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- Third Reading — **32–21** (pass) · upper
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## Sponsors
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- Barbara Flynn Currie — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2012-01-31** Filed with the Clerk by Rep. Marlow H. Colvin `filing`
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- **2012-01-31** First Reading `reading-1`
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- **2012-01-31** Referred to Rules Committee `referral-committee`
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- **2012-02-07** Assigned to Consumer Protection Committee `referral-committee`
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- **2012-02-27** House Committee Amendment No. 1 Filed with Clerk by Rep. Marlow H. Colvin `amendment-introduction`
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- **2012-02-27** House Committee Amendment No. 1 Referred to Rules Committee `referral-committee`
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- **2012-02-28** House Committee Amendment No. 1 Rules Refers to Consumer Protection Committee
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- **2012-02-28** House Committee Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote `amendment-passage`
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- **2012-02-28** Do Pass as Amended / Short Debate Consumer Protection Committee; 015-006-000 `committee-passage`
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- **2012-02-29** Placed on Calendar 2nd Reading - Short Debate
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- **2012-02-29** Added Chief Co-Sponsor Rep. Jehan A. Gordon
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- **2012-02-29** Added Chief Co-Sponsor Rep. Monique D. Davis
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- **2012-02-29** Added Chief Co-Sponsor Rep. Elizabeth Hernandez
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- **2012-02-29** Added Chief Co-Sponsor Rep. Maria Antonia Berrios
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- **2012-03-01** House Floor Amendment No. 2 Filed with Clerk by Rep. Marlow H. Colvin `amendment-introduction`
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- **2012-03-01** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2012-03-05** House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 `committee-passage-favorable`
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- **2012-03-06** Second Reading - Short Debate `reading-2`
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- **2012-03-06** House Floor Amendment No. 2 Adopted by Voice Vote `amendment-passage`
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- **2012-03-06** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2012-03-08** Third Reading - Short Debate - Passed 068-047-000 `reading-3, passage`
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- **2012-03-08** Added Co-Sponsor Rep. William Davis
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- **2012-03-08** Added Co-Sponsor Rep. Arthur Turner
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- **2012-03-08** Added Co-Sponsor Rep. Camille Y. Lilly
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- **2012-03-08** Added Co-Sponsor Rep. Kenneth Dunkin
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- **2012-03-08** Added Co-Sponsor Rep. Esther Golar
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- **2012-03-21** Arrive in Senate `introduction`
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- **2012-03-21** Placed on Calendar Order of First Reading `reading-1`
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- **2012-03-21** Chief Senate Sponsor Sen. John J. Cullerton
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- **2012-03-21** Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
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- **2012-03-21** First Reading `reading-1`
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- **2012-03-21** Referred to Assignments `referral-committee`
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- **2012-04-11** Assigned to Executive `referral-committee`
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- **2012-04-18** Held in Executive
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- **2012-04-26** Do Pass Executive; 011-002-000 `committee-passage`
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- **2012-04-26** Placed on Calendar Order of 2nd Reading May 1, 2012
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- **2012-05-18** Second Reading `reading-2`
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- **2012-05-18** Placed on Calendar Order of 3rd Reading May 21, 2012
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- **2012-05-21** Senate Floor Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton `amendment-introduction`
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- **2012-05-21** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
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- **2012-05-22** Senate Floor Amendment No. 1 Assignments Refers to Executive
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- **2012-05-23** Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 015-000-000
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- **2012-05-24** Sponsor Removed Sen. Jacqueline Y. Collins
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- **2012-05-24** Alternate Chief Sponsor Changed to Sen. Jacqueline Y. Collins
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- **2012-05-25** Rule 2-10 Third Reading Deadline Established As May 31, 2012 `reading-3`
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- **2012-05-30** Recalled to Second Reading `reading-2`
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- **2012-05-30** Senate Floor Amendment No. 1 Adopted; Cullerton `amendment-passage`
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- **2012-05-30** Placed on Calendar Order of 3rd Reading
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- **2012-05-30** Third Reading - Passed; 032-021-000 `reading-3, passage`
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- **2012-05-30** Arrived in House `introduction`
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- **2012-05-30** Placed on Calendar Order of Concurrence Senate Amendment(s) 1
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- **2012-05-31** Chief Sponsor Changed to Rep. Barbara Flynn Currie
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- **2012-05-31** Senate Floor Amendment No. 1 Motion Filed Concur Rep. Barbara Flynn Currie
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- **2012-05-31** Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee `referral-committee`
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- **2012-05-31** Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
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- **2012-05-31** Senate Floor Amendment No. 1 House Concurs 066-052-000
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- **2012-05-31** Passed Both Houses
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- **2012-06-29** Sent to the Governor `executive-receipt`
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- **2012-08-03** Governor Approved `executive-signature`
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- **2012-08-03** Effective Date August 3, 2012; - Some Parts Effective January 01, 2013
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- **2012-08-03** Public Act . . . . . . . . . 97-0891 `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/c5b7432b-3d6d-42cf-939c-f6cc3b5433b5`. Confidence: reported (aggregated from official Illinois legislature records).
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