HB 2325 Illinois House · 103rd Regular Session

MORTGAGE LOANS-REMOTE LOCATION

Summary

Amends the Residential Mortgage License Act of 1987. Provides that each full service office (rather than office, place of business, or location) at which a residential mortgage licensee conducts any part of his or her business must be recorded with the Secretary of Financial and Professional Regulation. Provides that licensees may allow mortgage loan originators to work from a remote location if specified conditions are met. Provides that "full service office" does not include a remote location. Defines "remote location".

Bill status signed all 4 stages cleared

Introduction

Mar 2023

Committee Review

Apr 2023

House Passage

May 2023

Signed into Law

Jun 2023

Introduced Mar 22, 2023 Signed Jun 30, 2023

Floor votes · House Mar 21, 2023

How they voted

111–0

Passed · 5 other

Total votes 116

Mar 21, 2023

D Democratic76

71 Yea 5

93% Yea

R Republican40

40 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 30, 2023

Signed into law

Governor Approved

lower

May 11, 2023

Lower · Passed

Passed Both Houses

lower

May 11, 2023

Lower · Passed

Third Reading - Passed; 056-000-000

lower

Apr 26, 2023

Lower · Passed

Do Pass Financial Institutions; 008-000-000

lower

Apr 12, 2023

Committee

Assigned to Financial Institutions

lower

Mar 22, 2023

Committee

Referred to Assignments

lower

Mar 22, 2023

Introduced

Arrive in Senate

lower

Mar 21, 2023

Lower · Passed

Third Reading - Short Debate - Passed 112-000-000

lower

Feb 28, 2023

Lower · Passed

Do Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000

lower

Feb 21, 2023

Committee

Assigned to Financial Institutions and Licensing Committee

lower

Feb 14, 2023

Committee

Referred to Rules Committee

lower

2 primary · 5 co-sponsors